Plaid vs Adyen

The API that turns 'I need bank data' into 'I have bank data' without the regulatory headache meets the payment platform that actually unifies everything, so you can stop juggling 10 different providers. Here's our take.

Plaid

Nice Pick

The API that turns 'I need bank data' into 'I have bank data' without the regulatory headache.

Pros

• Handles bank authentication and data aggregation across thousands of institutions
• Simplifies compliance with financial regulations like PSD2 and GDPR
• Provides real-time transaction and balance data with high reliability

Cons

• Can be expensive for high-volume applications due to per-request pricing
• Limited customization for specific bank integrations or niche use cases

Adyen

The payment platform that actually unifies everything, so you can stop juggling 10 different providers.

Pros

• Single API for online, in-app, and in-store payments
• Supports over 250 payment methods and 150 currencies globally
• Built-in fraud prevention and data analytics tools

Cons

• Pricing can be steep for smaller businesses
• Complex setup may require dedicated technical resources

The Verdict

Use Plaid if: You want handles bank authentication and data aggregation across thousands of institutions and can live with can be expensive for high-volume applications due to per-request pricing.

Use Adyen if: You prioritize single api for online, in-app, and in-store payments over what Plaid offers.

The Bottom Line

Plaid wins

The API that turns 'I need bank data' into 'I have bank data' without the regulatory headache.