Introducing Platform Payments
Transfer is an easy way to integrate payments into your platform or marketplace. It's customizable to help accept payments and distribute payouts between different parties.
A complete bank transfer solution
Transfer is the all-in-one solution for your business to make bank transfers simple. In addition to being cost effective, it enables you to authorize customers securely, analyze risk, and move money with a single API.
Product Features
A single integration
Avoid the need for multiple service providers. Connect user accounts, make smarter transaction decisions, manage risk, and move money—all through a single Plaid integration.
Conversion Optimization
Authenticate users, collect payment information, and initiate payments in line with Nacha standards. Optimized for conversion, it’s specifically designed for ACH and can be used on any platform.
Advanced risk mitigation
Reduce operational headaches—as well as overdraft fees for your users—by initiating only the transactions approved by our risk engine.
Quick money movement
Sweep transaction funds into your treasury account more quickly—meaning no more 7-day holds—and balance your books with an intuitive reconciliation report.
Operational excellence
Manage daily operations and reporting with convenient dashboards. View activity and provide user support with clear transaction status and error messages for improved onboarding.
Available Guarantee
Ensure ACH transfers settle without returns by letting Plaid assume the liability for guaranteed transactions, reducing the impact of returns on your business. Learn more.
Platform benefits
Seamless customer onboarding
Embed Plaid’s onboarding flow into your product and we’ll handle Know Your Customer (KYC) obligations and other payments compliance.
Accept customer payments
Authenticate users, collect payment information, and initiate payments in line with Nacha standards. Transfer can be used with any bank or credit union in the US.
Disburse funds with fast payouts
Payout customers quickly and reduce operational complexity. Send funds to a seller or service provider with a unified solution for money movement.
Intuitive UX to enable fast bank transfers
Transfer’s drop-in UX, combined with Plaid Link, enables customers to connect their chosen financial account in as little as 7 seconds and seamlessly initiate a payment.
Fast, developer-friendly integration
Once approved, set up a fully functional ACH program in as little as 24 hours. Initiate ACH payments, manage risk, monitor cash flow, and seamlessly manage daily operations—all through a single integration with Plaid.
Powered by Plaid’s technology and consumer - permissioned data
Transfer’s authorization engine is powered by unique insights based on Plaid’s technology. This includes Plaid Balance, which provides real-time transactions analysis of ACH returns to reduce things like NSF, powered by the Plaid Network. The authorization engine will helps avoid delays and overdraft fees, enabling faster settlement of funds.
Developer and back office friendly
You can use Transfer to build a smooth account-to-account transfer experience, all delivered via Plaid Link. Transfer also comes with a dashboard and flexible APIs to provide back offices with the tools to manage transactions and transaction information.
