Guide to Brite Payments Pricing in 2025

The information about Brite Payments Pricing in this blog was sourced from publicly available materials on 29th Jan 2025. Please note that details may be subject to change.

Introduction

As businesses continue to adopt faster and more secure payment solutions, choosing the right provider is crucial. Brite Payments, a Swedish fintech company founded in 2019, has gained attention for its instant account-to-account (A2A) payments powered by open banking. Understanding Brite Payments’ pricing structure is essential for businesses considering its integration, ensuring it aligns with financial strategies and operational needs.

This blog will explore Brite Payments’ pricing in 2025, breaking down its fees, transaction costs, and features as well as comparing it with other alternatives to help businesses make informed decisions.

We will guide you through:

What Does Brite Payments Offer?

Brite Payments specialises in fast, secure, and user-friendly payment solutions, leveraging open banking technology to process transactions without the need for cards or extra apps. Key services include:

1. Instant Payments

Brite enables customers to make payments directly from their bank accounts in real time. The process is simple:

• Selection: Customers choose Brite as their payment method at checkout.
• Authentication: They select their bank and log in securely.
• Confirmation: The payment is processed instantly, and funds are transferred immediately.

This reduces reliance on card networks, making transactions more secure and cost-effective for businesses.

2. Instant Payouts

For businesses that need to disburse funds—such as refunds, loan payouts, or winnings—Brite offers instant payout solutions:

• Initiation: The business processes a payout through Brite.
• Selection: Recipients select their bank and authenticate the transaction.
• Receipt: Funds arrive instantly in their account.

This eliminates processing delays, improving customer satisfaction and cash flow management.

3. Recurring Payments

Brite supports automated recurring payments, ideal for businesses with subscriptions or membership-based billing.

• Customer Authorisation: Users approve recurring charges from their bank account.
• Automated Processing: Payments are deducted at scheduled intervals.

This feature simplifies billing and ensures timely payments without requiring credit cards.

4. Security and Compliance

Brite operates under PSD2 open banking regulations, ensuring transactions are secure, compliant, and backed by bank-grade authentication. With no need for storing sensitive card data, businesses benefit from reduced fraud risks and lower compliance burdens.

How Does Brite Payments’ Pricing Work?

Brite Payments offers transparent, usage-based pricing, meaning businesses only pay for the transactions they process. Unlike traditional payment providers that charge fixed fees per transaction, Brite’s model is based on real-time account-to-account (A2A) transactions, which often result in lower costs compared to card payments.

Here’s a breakdown of Brite Payments’ pricing structure as of 2025:

1. Transaction Fees

Brite’s pricing follows a per-transaction fee model, which varies based on:

• Transaction volume – Businesses with higher payment volumes may access discounted rates.
• Region – Fees may differ based on local banking infrastructure and market conditions.
• Payment Type – Instant payments and payouts may have different cost structures.

Estimated Pricing:

• Instant Payments: Typically lower than standard card fees, as Brite bypasses traditional card networks.
• Instant Payouts: Similar to payment fees but may include additional costs depending on bank processing speeds.
• Recurring Payments: Pricing varies based on the subscription model and transaction frequency.

Key Advantage: Brite does not charge setup fees or monthly platform fees, making it a cost-effective solution for businesses looking for a pay-as-you-go model.

2. Open Banking and Bank Fees

Since Brite leverages open banking infrastructure, transactions rely on direct bank payments rather than card networks.

• No card scheme fees – Unlike Visa/Mastercard transactions, which incur interchange fees, Brite’s payments eliminate this extra cost.
• Bank Processing Fees – Some banks may charge small fees for instant account-to-account transfers, which could impact transaction costs.

3. Additional Fees to Consider

While Brite Payments’ core pricing remains transparent, businesses should account for additional costs, such as:

• Currency Conversion Fees: If processing cross-border transactions, exchange rates and small conversion fees may apply.
• Refund Processing Fees: Refunds typically carry the same transaction fee as the original payment, but Brite does not impose additional refund handling fees.
• Chargeback Prevention Costs: Since Brite’s payments are direct bank transfers, chargebacks are less common than with card payments, reducing potential dispute-related costs.

4. Custom Pricing for High-Volume Businesses

For businesses processing large payment volumes, Brite Payments offers custom pricing structures, which may include:
✓ Volume-based discounts – Lower per-transaction fees based on monthly transaction value.
✓ Industry-specific pricing – Tailored rates for e-commerce, iGaming, financial services, and other industries.
✓ Personalised support – Dedicated account management for enterprise-level businesses.

Businesses looking for custom rates should contact Brite Payments directly for a tailored quote.

Key Considerations for Businesses Evaluating Brite Payments

When selecting a payment provider, it’s important to go beyond just transaction fees and assess how well the platform aligns with your business needs. Brite Payments, as an open banking-based solution, provides direct account-to-account (A2A) transactions, reducing reliance on card networks. However, businesses should consider several key factors before integrating Brite.

1. Compliance and Security

Brite Payments operates under strict regulatory guidelines and leverages open banking infrastructure to ensure secure and compliant transactions.
✓ Regulated Under PSD2: As a European payment provider, Brite adheres to the Revised Payment Services Directive (PSD2) for strong customer authentication (SCA) and data security.
✓ Bank-Grade Encryption: Payments are processed directly through secure banking channels, reducing fraud risks.
✓ Reduced Chargeback Risks: Since transactions are A2A-based, chargeback fraud is minimised, unlike credit card transactions.

What to Consider:

• Ensure your business complies with regional financial regulations, particularly if you process cross-border payments.
• Assess whether your customers are comfortable with direct bank payments instead of traditional card transactions.

2. Integration and Technical Requirements

Brite Payments offers API-based integration, allowing businesses to implement the solution directly into their payment flows.

✓ Quick API Setup: Developer-friendly tools make it easy to connect Brite Payments with existing platforms.
✓ No Additional App Needed: Customers can pay directly from their bank without needing to download an app.
✓ Compatible With E-Commerce and Financial Platforms: Works seamlessly with online businesses, fintech platforms, and marketplaces.

What to Consider:

• Businesses without technical teams may require external support for API integration.
• Verify if your checkout system supports A2A transactions and if Brite can be easily embedded.

3. Regional Availability and Market Coverage

Brite Payments currently operates across several European markets, providing instant bank transfers in supported regions.

✓ Strong Presence in the Nordics & Europe: Brite is widely accepted in Sweden, Germany, Finland, the Netherlands, and other European countries.
✓ Real-Time Banking Network: Works with major banks in supported regions for instant processing.

What to Consider:

• Limited Availability Outside Europe – If your business has a global customer base, ensure that Brite supports payments in your key markets.
• Cross-Border Transactions – If operating in multiple currencies, consider any conversion fees or regional banking limitations.

4. Cost vs. Benefit Analysis

While Brite Payments reduces card processing fees, businesses should weigh its advantages against potential challenges:

Cost Benefits:

✓ Lower Transaction Fees: No interchange or card scheme fees.
✓ Faster Settlements: Immediate access to funds improves cash flow.
✓ Reduced Fraud and Chargebacks: Direct bank payments enhance security.

Potential Challenges:

• Customer Familiarity: Some users may still prefer card-based payments.
• Market Limitations: Not all European countries have full Brite banking support.
• Business Model Suitability: Industries that rely on traditional credit-based payment methods may need additional options.

Exploring Alternatives to Brite Payments

While Brite Payments provides a fast and cost-effective alternative to card-based transactions, businesses should also consider other payment providers to ensure they choose the best solution for their needs. Providers like Finexer offer additional benefits tailored to UK businesses, including lower costs, wider bank coverage, and simpler integration.

📚 Finexer’s USP for Startups & SMB’s in UK

Here’s how Brite Payments compares to alternatives like Finexer and why some businesses may prefer a different solution:

1. Pricing and Cost Transparency

Brite Payments follows a pay-per-transaction model, eliminating card scheme fees. However, costs may vary based on:

• Transaction Volume: Businesses with high volumes may qualify for lower rates.
• Cross-Border Payments: Currency conversion fees may apply for transactions outside supported regions.
• Bank Processing Fees: Some banks may charge small additional fees for instant transfers.

How Finexer Stands Out:

✅ Flat and Predictable Pricing – Unlike Brite, Finexer offers a clear pricing structure with no hidden fees and saves up to 90% on transactions.

Which is Better?

✔ Choose Brite Payments if your business operates mainly in supported European regions and you prefer an open banking-based pricing model.
✔ Choose Finexer if your business operates primarily in the UK and wants a straightforward, cost-effective alternative.

2. Bank Coverage and Market Availability

Brite Payments is expanding its reach across Europe but is not available in all regions. Businesses should check if their customers’ banks are supported before integrating Brite.

Finexer’s Advantage:
✅ Connects with 99% of UK Banks – Ensures broader access for businesses targeting UK customers.
✅ Direct Bank Transfers Without Limitations – Works with local banks without extra processing layers, speeding up transactions.

Which is Better?

✔ Brite Payments is a solid choice for businesses focusing on Nordic and Central European markets.
✔ Finexer is better suited for businesses prioritising UK payments with full bank coverage.

3. Integration and Technical Requirements

Brite Payments offers API-based integration, but some businesses may find the setup process complex due to open banking variations across European countries.

Why Finexer is Easier to Integrate:
✅ Simplified Developer Tools – Finexer’s plug-and-play integration speeds up deployment.
✅ Faster Go-To-Market – UK businesses can integrate 3x faster than the market with Finexer

Which is Better?
✔ Choose Brite Payments if your team is comfortable handling API-based integrations across different banking infrastructures.
✔ Choose Finexer if you want a faster and simpler integration process with UK banks.

4. Payment Speed and Customer Experience

Brite Payments processes instant bank transfers, improving cash flow for businesses. However, user experience depends on whether a customer’s bank is supported.

Finexer’s Advantage for UK Businesses:

✅ Consistent Payment Speed – Works with all major UK banks to ensure real-time transactions.
✅ High Customer Adoption – Customers are already familiar with open banking in the UK, reducing friction.

Which is Better?

✔ Choose Brite Payments if your customers primarily use supported European banks and you need real-time transfers.
✔ Choose Finexer if your customer base is UK-focused and you want instant payments across all UK banks.

Final Thoughts: Which Payment Provider is Right for You?

• Brite Payments is a great option for businesses operating in Nordic and European markets, offering fast bank transfers and eliminating card fees.
• Finexer provides a more cost-effective, UK-focused alternative, with full bank coverage, predictable pricing, and easier integration.