Plaid Features

Plaid

Platform that enables apps to connect with bank accounts

4.33/5 (6 reviews)

Plaid Feature Summary

  • Transaction & account data
  • Account & routing numbers
  • Current & available account balances
  • Income validation
  • Form auto-fill
  • Borrower asset verification
  • Bank account connections
  • Mobile-optimized forms
  • Real-time account balances
  • Credential-based flow
  • Real-time & historical transaction data
  • Transaction geolocation, merchant & category data
  • PDF & JSON asset report formats
  • 256-bit AES encryption
  • Identity verification
  • ACH authentication

Competitor Feature Comparison

ACH Payment Processing
API
Data Verification
Electronic Payments
Forms Management
Fraud Detection
Geolocation
Multiple Format Support
Real Time Data
Real Time Monitoring
Real Time Reporting
Rules-Based Workflow
Third Party Integration
Transaction History
Transaction Monitoring
Web Forms
Visit WebsiteCompare App
ACH Payment Processing
API
Data Verification
Electronic Payments
Forms Management
Fraud Detection
Geolocation
Multiple Format Support
Real Time Data
Real Time Monitoring
Real Time Reporting
Rules-Based Workflow
Third Party Integration
Transaction History
Transaction Monitoring
Web Forms
Visit WebsiteCompare App
ACH Payment Processing
API
Data Verification
Electronic Payments
Forms Management
Fraud Detection
Geolocation
Multiple Format Support
Real Time Data
Real Time Monitoring
Real Time Reporting
Rules-Based Workflow
Third Party Integration
Transaction History
Transaction Monitoring
Web Forms
Visit WebsiteCompare App

Plaid Feature Reviews

6 reviewers had the following to say about Plaid's features:

Anonymous
(Computer Software company, 501-1000 employees)

Reliable, secure and streamline way to connect with bank accounts.

2019-10-12

More recently I had a chance to integrate a large-scale software with Plaid for fraud detection and onboarding, and it was a very pleasant experience, with modern APIs and good support.

Pros

Removes the burden from developers to implement direct connections with banking institutions and put clients at ease knowing that their accounts are secured by specialized people.

Cons

Canadian integration is lagging behind the American one.

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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Anonymous
(Marketing and Advertising company, 1-10 employees)

Very slick!

2019-12-18

We've had some bugs getting WooCommerce Subscriptions to be authorized for renewal payments, but that might not be an issue with Plaid specifically.

Pros

I love the interface of a pop-up window that allows the user to log in to their online banking, select the account, and use that to complete an online payment.

Cons

It's crazy expensive if you are doing much more than testing (for a small business like us). It would make sense though as they don't charge per transaction (I think, it's a been a while since I looked at their pricing page).

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Occasionally

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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DJ Runo

WaveApps.com reliance on Plaid a horrible decision!

2020-09-15

WaveApps is slowly committing suicide by using Plaid as it is currently supported.

Pros

Nothing, really... That's the point of this review.

Cons

Connections to smaller institutions or banks don't stand a chance with Plaid. Reported problems don't get rectified presumably based on the biggest "squeaky wheel" institution getting priority.

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

0/10
Source: Capterra
Helpful?   Yes   No
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Kerby Rok

Great product

2020-01-23

Great i love this product.

Pros

Saves a lot of time verifying bank accounts.

Cons

I really wish they had an app. So when you're out of the office you can still check.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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Dakari Bass

Keep your finances organized

2020-09-13

Pros

What I like most is how simple and efficient plaid is.

Cons

No app for the software there’s also no way to remember or connect accounts to a profile.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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Brett Ricci

Use many Apps that use Plaid's services

2019-08-01

Pros

Seamless, makes connecting bank accounts to apps (banking /money apps etc) much simpler.

Cons

On occasion connections can randomly not work. Rarely an issue for more than a day.

Rating breakdown

Value for money
Ease of use
Features

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more