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ACH payments with Stripe VS Plaid

Compare ACH payments with Stripe VS Plaid and see what are their differences

Bill.com
Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform. featured
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ACH payments with Stripe logo ACH payments with Stripe

Accept bank payments with a few lines of code.

Plaid logo Plaid

Infrastructure that powers financial technology by enabling applications to connect with users' bank accounts.
  • ACH payments with Stripe Landing page
    Landing page //
    2023-06-28
  • Plaid Landing page
    Landing page //
    2023-01-12

ACH payments with Stripe features and specs

  • Lower Transaction Fees
    ACH payments typically have lower transaction fees compared to credit card payments, making it a cost-effective solution for businesses with high transaction volumes.
  • Automated and Efficient
    ACH payments streamline the payment process by automating transactions, which can reduce manual processing time and improve efficiency for businesses.
  • Reduced Risk of Chargebacks
    ACH payments are less prone to chargebacks compared to credit card payments, lowering the financial risk for merchants.
  • Recurring Payments
    ACH is well-suited for setting up recurring payments, making it ideal for subscription-based services and billing cycles.
  • Large Transactions
    ACH payments allow for larger transaction limits than typical credit card transactions, benefiting businesses dealing with large invoices.

Possible disadvantages of ACH payments with Stripe

  • Longer Processing Times
    ACH payments can take several business days to process, leading to longer settlement times compared to instant credit card transactions.
  • Bank Account Verification
    ACH payments require bank account verification, which can add complexity and time to the onboarding process for customers.
  • Limited to U.S.
    ACH payments are primarily for U.S. bank accounts, limiting their use for international transactions and businesses.
  • Potential for Returns
    ACH payments, like checks, can be returned due to insufficient funds or invalid account details, requiring follow-up actions.
  • Security Concerns
    While secure, ACH transactions involve sharing sensitive bank account information, which may raise privacy concerns for some customers.

Plaid features and specs

  • Extensive Coverage
    Plaid provides connectivity to a vast range of financial institutions, making it easier for users to link their bank accounts and financial data seamlessly.
  • API Integration
    Plaid offers robust and well-documented APIs, which simplifies the process for developers to integrate Plaid services into their applications.
  • Security
    Plaid employs advanced security measures, including encryption and secure connections, to protect user financial data.
  • User Experience
    The user interface and experience provided by Plaid are streamlined and user-friendly, improving overall satisfaction.
  • Speed and Reliability
    Plaid delivers fast and reliable services, minimizing downtime and ensuring swift data retrieval and transactions.

Possible disadvantages of Plaid

  • Cost
    Plaid can be expensive for small businesses and startups, given its pricing model which may include costs per connection or per API call.
  • Geographical Limitations
    Although Plaid has a broad range of financial institution connections, its coverage can be limited in some regions outside major markets like the US and Europe.
  • Data Privacy Concerns
    There are ongoing debates regarding the privacy of user data, as users need to share sensitive financial information to use Plaid's services.
  • Complexity of Setup
    While the APIs are well-documented, initial setup and integration can be complex and time-consuming, particularly for those who are not familiar with financial APIs.
  • Customer Support
    Some users have reported issues with Plaid's customer support, indicating that response times and resolutions can be slow.

ACH payments with Stripe videos

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Plaid videos

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Plaid - Polymer (Album Review)

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Category Popularity

0-100% (relative to ACH payments with Stripe and Plaid)

ACH payments with Stripe

Plaid

Online Payments
100 100%
Online Payments
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Recurring Billing
100 100%
Recurring Billing
0% 0
Other Fin Tech
0 0%
Other Fin Tech
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare ACH payments with Stripe and Plaid

ACH payments with Stripe Reviews

We have no reviews of ACH payments with Stripe yet.
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Plaid Reviews

Top 6 Open Banking API Providers to Consider in 2025 [Updated]
Yapily and Truelayer offer robust, easy-to-integrate solutions for businesses looking for scalability. Plaid excels in North America, providing extensive financial data aggregation, while Stripe Connect offers a global reach, though it’s more focused on multi-party transactions. Saltedge remains a solid option for businesses requiring strong compliance and secure data...
Source: blog.finexer.com
Detailed guide to Top 3 Plaid alternatives
Plaid has earned its reputation as a leader in the Open Banking world, but let’s be honest—it’s not always the best fit for everyone. Depending on your business, you might run into hurdles like limited bank coverage, complex integration processes, or pricing that doesn’t quite add up. If you’re looking for something that offers more flexibility, wider reach, or a more...
Source: blog.finexer.com
Best Income Verification Software in the UK: Top 10
Plaid is a widely recognised income verification software that connects businesses with real-time financial data from bank accounts, payroll providers, and tax systems. While widely used in the US and Europe, Plaid has expanded its open banking integrations in the UK, making it a strong choice for lenders requiring global income verification capabilities.
Source: blog.finexer.com
Top 12 UK Open banking API Providers you must know in 2025
Plaid is a financial technology company that provides a data transfer network, enabling applications to connect with users’ bank accounts. Operating in the UK and across Europe, Plaid offers solutions that facilitate seamless access to financial data and payment initiation services.
Source: blog.finexer.com
Top 3 Open banking platforms for fintech startups in the UK
Plaid entered the UK market with a decade of experience from its operations in the United States, where it has processed billions of transactions since its founding in 2013 in San Francisco. Their system emphasises enterprise-grade reliability and data aggregation capabilities, particularly in North America, where they maintain market leadership. The platform’s integration...
Source: blog.finexer.com

Social recommendations and mentions

Based on our record, Plaid seems to be a lot more popular than ACH payments with Stripe. While we know about 78 links to Plaid, we've tracked only 2 mentions of ACH payments with Stripe. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

ACH payments with Stripe mentions (2)

  • payment system that has 1% fees
    ACH payments on Stripe cost 0.80%, capped at $5, with no monthly fees or verification fees. So, a $100 payment incurs a $0.80 fee; any payments above $625 cost $5. Https://stripe.com/blog/accept-ach-payments. Source: over 2 years ago
  • ACH instead of credit card - lower fees?
    I was curious if anyone has experimented or tried ACH bank transfers as payment for lower fees? I know Stripe https://stripe.com/blog/accept-ach-payments has ACH payments with lower fees, anyone tried it out yet? Source: over 3 years ago

Plaid mentions (78)

  • Can someone's Venmo/PayPal balance be approved to show up in a 3rd party app?
    Oh this is a https://plaid.com/ use case I think. - Source: Hacker News / almost 2 years ago
  • Need help finding simulation business bank accounts + credit cards
    My company made a financial dashboard for small businesses that aggregates information from financial institutions into a simplified view. The problem I need to solve: our only way of showing what it looks like when in use, is by connecting our own bank accounts + credit cards, but of course that exposes our personal info. I'd like to setup a demo account using fake financial data that simulates a real world... Source: almost 2 years ago
  • Need A Solution to Amex Business Credit Card Data
    I have been looking into this and found Plaid, Yodlee, and Flinks. I am not 100% if any of these will work. Source: almost 2 years ago
  • (Canada) Does anyone know of an API service that will users to connect with their personal bank and return things like their bank feed?
    Yeah I fully expect to pay, but I am sure there are companies that do this. It's simply reading data, I am not touching anything within the user's bank account. Places like Australia are quite big on open banking I believe, that allows, with proper verification, to access bank account information. I've just found one company plaid.com, it doesn't have all the institutions I was hoping for but the majority of big... Source: almost 2 years ago
  • Intuits Mint is garbage this year, need other recs for tracking expenses.
    Switching platforms won't help. Every money visualization app on the market uses plaid to fetch their data, so every app will have the same data quality issues. Source: almost 2 years ago
View more

What are some alternatives?

When comparing ACH payments with Stripe and Plaid, you can also consider the following products

Teller API - A single API to connect your app with any bank's account

Verafin - Verafin provides compliance, anti-money laundering, and fraud detection software.

TrueLayer - Simple Bank APIs to access real-time financial data

QuoteMedia - Financial web tools that allow users to access real-time​ stock quotes, with live charts and NASDAQ level 2 data.

Google Payment API - Enable an easy-to-use checkout experience for customers

Digital Insight - Digital Insight provides digital banking solutions to mid-market banks and credit unions.

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