CONSUMER PAYMENTS
Make it easy for people to pay their friends, bills, or other businesses
Or, get started
Customers using this solution
The problem
Receiving payments via direct bank transfer is significantly less expensive than using credit cards, but getting users signed in and authenticated is a cumbersome process.
The solution
Plaid makes it faster and easier to set up bank payments through a flow designed with the user experience and security in mind. Users enter their online credentials and Plaid instantly authenticates their account. Plus, in the US, Plaid works with any ACH processor (including Stripe and Dwolla) to simplify bank-to-bank payments.
Plaid enabled Shift to offer a fully integrated online purchasing experience. The financial aspects of the process are much more seamless.
PRODUCTS AND BENEFITS
Get account and routing numbers
Auth pulls users' account and routing information , which can be used to enable seamless payments and transfers in the US and Canada, and debit withdrawals in Europe
Lower risk and reduce fraud
Identity confirms users' identities with what's on file at the bank—in other words, their name, phone number, address, and email
Reduce NSF fees and overdrafts
Balance instantly checks whether users have the funds to make a payment or transfer (US and Canada)