What it is
Plaid connects apps to users' bank accounts for account verification, balances, transactions and payments, and offers identity verification and fraud tools, with usage-based pricing.
Who it suits
Fintech and SaaS teams building products that need bank data or account verification.
How it charges
Usage-based pricing per connection or per API call, with pay-as-you-go for small volumes and negotiated contracts for scale. Some products carry minimums.
Getting started
Create a developer account, integrate the Link flow in test mode and apply for production access. Production approval includes a compliance review.
At a glance
- Pricing
- Usage-based
- Coverage
- US, CA, UK, EU
- Identity verification
- Yes
- Open banking payments
- Yes
- Headquarters
- San Francisco
- Founded
- 2013
Strengths
- Broad bank coverage in North America
- Mature APIs and SDKs
- Identity and payments products
Watch for
- Pricing opaque until sales conversation
- Coverage thinner outside North America
Readers ask2 questions answered
What does Plaid cost?
Usage-based per connection or API call, with pay-as-you-go for small volumes and contracts for larger ones.
Is Plaid regulated?
In the UK and EU it operates as an authorised account information service provider; in the US it is a data network working with banks under consumer-permission rules.
How it comparesIts standing in 1 comparison
Best for bank-account verification and data
- Identity verification
- Yes 1 provider in this comparison
- Coverage
- US, CA, UK, EU 1 provider in this comparison
- Pricing
- Usage-based 1 provider in this comparison
- Open banking payments
- Yes 1 provider in this comparison
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