What is Plaid?
Plaid operates as a global data network that supports various tools that help countless individuals achieve better financial well-being. Our goal is to create a financial ecosystem that is inclusive, competitive, and advantageous for all by streamlining payment processes and transforming the lending landscape.
Collaborating with over 8,000 businesses, including popular fintech platforms like Venmo and SoFi, as well as numerous Fortune 500 firms, Plaid empowers users to have greater autonomy and flexibility in managing their finances. Based in San Francisco, the company's network encompasses more than 12,000 institutions across the United States, Canada, the United Kingdom, and Europe, ensuring a wide reach and impact in the financial sector. Additionally, Plaid is dedicated to fostering innovation that enhances user experiences in financial transactions.
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Plaid Categories and Features
Online Banking Software
Financial Services Software
Banking Software
Application Development Software
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Plaid Customer Reviews
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Plaid review.
Date: Nov 02 2022SummaryI think Plaid is a much better platform than other alternatives out there, like a Yodlee, it has much better design and just really gets the job done.
PositiveGood at what it does, fairly easy to set up and offers a lot of flexible customization features for bringing people into your financial apps.
NegativeNot a lot to hate about Plaid, I think the pricing can start to creep up if you have lots of users connecting their banks.
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Easy to use on the customer side
Date: Jan 25 2022SummaryOverall happy with how easy it is to use on the customer side of the product. Not sure what it is like on the business side.
PositiveI have dabbled in the business side of plaid but as a customer it was easy to use. This review is more for businesses to hear what a customer thinks. I like how this works with cards. It's nice to be able to trust where you are putting your card info.
NegativeNothing major. Have had issues with Discover not being accepted randomly until try 3.
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Plaid is a decent software
Date: Jun 18 2021SummaryPLAID is a decent software that connects banks to other banks. It is affordable and allows companies a cheap option for bank details.
PositivePLAID is quick and easy to use when connecting your bank accounts. Support response time is quick and efficient, something solutions are not found immediately though.
NegativeThe back-end for companies could use some work it is very confusing. Submitting tickets are confusing and difficult. It is near impossible to get a ticket entered without having to deep dive into the transactions and finding request codes.
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Plaid connectivity
Date: May 18 2021SummaryOverall Plaid has been instrumental in the development of our company. There are issues that eventually get smoothed out. This is a great option for startup companies and relatively easy to use. The only suggestion is to upgrade the search bar to offer an advance setting to find banks easier.
PositivePlaid was able to integrate banks that were not currently available. The time frame was six months but the integration process happened in three months. That was great as we can offer our services to more customers. Plaid has the vast majority of major banks, not so much smaller banks and credit unions.
NegativeThere is no search option on their website to see if the bank institution is available through plaid. This would make it easier to let customers know right away instead of creating a fake application and searching on a live application.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Supports most major banks
Date: Jul 17 2020SummaryFantastic experience using Plaid. Highly recommend it for apps that need to accept a variety of payment methods.
PositiveI'm a huge fan of how easy Plaid's API makes it to enable connecting different payment sources from different banks. The user logs in with the same online banking credentials they normally do, and the data stays where it's supposed to.
NegativeNothing, really. From a user experience perspective Plaid's doesn't leave much to be desired.
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