Plaid, Inc.

(6)
4.3 out of 5 stars

Plaid enables applications to connect with users' bank accounts.

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Plaid, Inc. Reviews

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Showing 6 Plaid, Inc. reviews
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Plaid, Inc. review by Administrator in Financial Services
Administrator in Financial Services
Validated Reviewer
Verified Current User
Review Source

"Easy to use for authenticating bank accounts and staying in compliance with U.S. regulations."

What do you like best?

Plaid integrates with a banking software to instantly be able to verify the login credentials of a user and achieve bank level validation so they can link their accounts with our service.

What do you dislike?

There are some limitations to the depth of compliance available in Plaid.

Recommendations to others considering the product

If having depth in KYC and AML is important to you, then use Plaid with other systems otherwise its characteristics of being user friendly and easy to deploy make this app one of the better ones I've seen to be able to streamline your process onboarding and validating new applicants or customers.

What business problems are you solving with the product? What benefits have you realized?

I use Plaid to provide compliance regarding bank verification between other software used in our product for authenticating bank accounts and providing KYC / AML checks on investors. The greatest benefit is the simplicity and ease of use that it provides to a relatively low tech userbase and for something that is quite sensitive, it makes our process smooth and painless.

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Plaid, Inc. review by Omer G.
Omer G.
Validated Reviewer
Review Source

"Great Product Especially for Consumer Faced FinTech Companies "

What do you like best?

It makes connecting bank account seamless and way less painful. It makes it so easy for us to support our customers.

What do you dislike?

I wish they had a status page for all the banks, not just the major ones. When a small bank's linking process is down, we get no notifications or whatsoever.

Recommendations to others considering the product

Improve the status page, please so we can know what's going on when our customers reach out to our support team.

What business problems are you solving with the product? What benefits have you realized?

We are using Plaid to link our customers bank accounts to their profile.

What Banking solution do you use?

Thanks for letting us know!
Plaid, Inc. review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source

"Simple ACH authentication "

What do you like best?

Plaid is pretty easy and secure in order to verify customer bank accounts when dealing with ACH transactions. They have a straight forward API and pricing to make using this service a business must.

What do you dislike?

Nothing so far as the relationship is just beginning to develop.

Recommendations to others considering the product

Smart company that is easy to work with and has great pricing. You will not be disappointed. Many companies are not great to work with but Plaid is definitely not one to be scared to partner with.

What business problems are you solving with the product? What benefits have you realized?

The benefits of using Plaid include cutting the old school penny transactions out of the set up process making bank account verification easy and simple in just a few clicks of a button after entering bank login credentials.

Plaid, Inc. review by User in Financial Services
User in Financial Services
Validated Reviewer
Verified Current User
Review Source

"Plaid review "

What do you like best?

Seemlessness of integration with thousands of banks.

What do you dislike?

Support takes to long to get answered and consistent errors

What business problems are you solving with the product? What benefits have you realized?

Seamless Bank aggregation

Plaid, Inc. review by Executive Sponsor in Financial Services
Executive Sponsor in Financial Services
Validated Reviewer
Review Source

"Awesome to work with"

What do you like best?

Their API set is top-notch, no hassle pricing, and great people throughout the company

What do you dislike?

Can get expensive fast if your business grows quickly when you start with their no-contract pricing.

What business problems are you solving with the product? What benefits have you realized?

Verifying the bank account of customers and ensuring that they have enough funds to cover the requested ACH transfer.

Plaid, Inc. review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source

"Great for staying compliant "

What do you like best?

So amazing how it helps with verifications of users.

What do you dislike?

Nothing yet. We are still learning and using this system as a beginner

What business problems are you solving with the product? What benefits have you realized?

Verification for bank processes.

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