Stripe vs Plaid

The developer's best friend for payments, until you realize you're paying for every single API call meets the api that turns 'i need bank data' into 'i have bank data' without the regulatory headache. Here's our take.

Stripe

Nice Pick

The developer's best friend for payments, until you realize you're paying for every single API call.

Pros

• Best DX
• Great docs
• Reliable
• All payment types
• Incredibly clean and well-documented APIs that just work
• Handles global compliance and fraud detection so you don't have to
• Seamless integration for subscriptions and recurring billing
• Extensive ecosystem with tools like Stripe Connect and Radar

Cons

• 2.9% + 30¢
• Complex for simple needs
• Account holds
• Transaction fees add up fast, especially for high-volume businesses
• Can get pricey for custom or advanced features beyond the basics

Plaid

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

The Verdict

Use Stripe if: You want best dx and can live with 2.9% + 30¢.

Use Plaid if: You prioritize handles bank authentication and data aggregation across thousands of institutions over what Stripe offers.

The Bottom Line

Stripe wins

The developer's best friend for payments, until you realize you're paying for every single API call.