Business

What is Plaid?

Plaid
Written by Elijah

Plaid is a digital platform that helps its customers to build monetary applications. With Plaid, users can now get directly linked to their bank accounts and make payments without the risk of losing money. Plaid is known to be the safest platform for your transactions.

William Hockey and Zach Perret started the company in the year 2013. San Francisco, California, is where their headquarters are located. The company is also established in the Netherlands, France, the UK, the U.S.A, Spain, and Ireland.

To contact them regarding any issues, the website support-myplaid.com will help you assist your needs. If it is to get sales then;

  • Go to the website Plaid.com.
  • Click on about us
  • Click on the below option Contact.
  • You will be directed to another page where you can fill in details like; Name, your company name, email Id, and describe the issue.
  • Upon submitting the above details, they will directly reach you to help you solve it.

How does Plaid work?

Primarily, Plaid acts as a bridge between financial technology and banks. Plaid gives users access to functions like checking their balance directly from that application by linking their bank account to any application. The platform also allows its developers to manage their budget and transfers funds between bank accounts.

Firstly, you enter your bank details (credit card) when asked, and then you will be directed to the page where they will ask for your username and password. Enter the details requested, and it will be verified. In the meantime, if you’re worried about the safety of your information, Plaid has high security, so they have got you covered.

Once they verify your bank’s authentication, you can now transfer money or check your balance or transaction history. Yes, it is that easy to use Plaid.

Some of the Plaid Apps Are:

  • Dave
  • Coinbase
  • Venmo
  • Pillar
  • You Need a Budget
  • Upstart
  • Carvana

The List Goes on and on as More Than 3000 Apps Are Available to Be Used.

Almost all the major and minor banks around the United States are linked with Plaid. Banks like; Chase, Citi, Bank of America, PNC, Capital One, USAA are all available. Apart from these, if your specific bank is not open, you can link with Plaid manually with the ‘Manual Link’ option. The only thing you need to do is follow the rules, and you’re good to go.

About the author

Elijah

A financial news enthusiast and a keen observer of the stock market, I bring to you all the updates from the world of business and finance. So, check out my posts and stay tuned with the major (informational) happenings.