Plaid vs. TrueLayer

Plaid

TrueLayer

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Plaid	Score 9.0 out of 10	N/A	Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers to connect their financial accounts with the apps and services they want to use. Plaid connects with over 11,000 financial institutions across the U.S, Canada and Europe.	$500 per month
TrueLayer	Score 0.0 out of 10	N/A	TrueLayer is a global open banking platform that aims to make it easy for anyone to build better financial experiences. Businesses of every size, from startups to large enterprises, can use TrueLayer to power their payments, access financial insights, and onboard customers across Europe, the UK, and Australia.	N/A

Pricing

Plaid

TrueLayer

Editions & Modules

Scale: 500+
per month
Test: Free
Launch: Pay as you go

No answers on this topic

Offerings

Pricing Offerings
Plaid	TrueLayer
Free Trial
No	No
Free/Freemium Version
Yes	No
Premium Consulting/Integration Services
No	No

Entry-level Setup Fee

No setup fee

Additional Details

Contact sales team for additional pricing. There may be one-time fees, subscription fees, per-request flat fees, or payment initiation fees depending on your needs.

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More Pricing Information

User Ratings
	Plaid	TrueLayer
Likelihood to Recommend	10.0 (0 ratings)	- (0 ratings)

User Testimonials
	Plaid	TrueLayer
Likelihood to Recommend	Plaid is extremely well suited to be your payment API if you're a start-up looking to scale your banking connections fast and securely. Their API is fully functional upon integration. Most end-users have encountered Plaid before so it's a trusted platform for many consumers so even if you're a new app, users feel comfortable connecting their bank through Plaid. Incentivized Sura Hart Program Manager Read full review	No answers on this topic
Pros	Plaid connects with 100s of US consumer banks. Plaid continuously updates its software to meet the requirements of individual banks. Plaid can get your company's payment processing up and running faster than traditional methods. Incentivized Sura Hart Program Manager Read full review	No answers on this topic
Cons	Consumer feedback or troubleshooting typically comes back to us because Plaid doesn't have an easy way of re-routing support once a user encounters a problem. Update timelines could be clearer when they are working on updating a connection with a certain bank. The search functionality for the user to find their bank could be a little more robust. Incentivized Sura Hart Program Manager Read full review	No answers on this topic
Return on Investment	Plaid got us up and running with most US-based and even some international banks with minimal engineering effort. Incentivized Sura Hart Program Manager Read full review	No answers on this topic
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