GoCardless Bank Account Data vs Method Financial
GoCardless Bank Account Data
gocardless.comMethod Financial
methodfi.comSide by side
| Figure | GoCardless Bank Account Data | Method Financial |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 4 | 0 |
| Spec score · Bank Connectivity Software | 8.2 (#7) | 7.3 (#33) |
| Company scale | GoCardless says its services are used by more than 100,000 businesses, from small businesses to enterprises, globally. | Method’s About page states that its services have connected 55M+ users and processed $1B+ in payments per month. |
| Credential handling | The documentation says GoCardless does not store or process end-user credentials when a financial institution relies on GoCardless to collect them. | Method says customers do not need to collect users' sensitive account credentials because Method handles data security and privacy compliance. |
| Founded | 2011 | 2021 |
| Product | Bank Account Data API connects to users’ bank accounts through bank PSD2 APIs and returns account information in JSON. | Method provides connectivity to consumer credit and liability accounts with embedded payments, real-time account data, and one-click checkout. |
| Security | GoCardless says it has been ISO 27001 certified since 2016 and encrypts data at rest and in transit. | Method's Trust Center lists CCPA, GLBA, PCI DSS, and SOC 2 Type 2 compliance frameworks and certifications. |
| Support | The Bank Account Data help centre lists support availability Monday to Friday, 9am–5pm GMT. | Method directs users to [email protected] for more comprehensive security and compliance information and Trust Center help. |
Plans
GoCardless Bank Account Data
- StandardFree
- AdvancedFree
- ProFree
- CustomPriced on request
In their own words
GoCardless Bank Account Data
GoCardless Bank Account Data is an API for businesses that need account details and transaction data from connected bank accounts. It connects through bank PSD2 APIs and can return account holder names, account identifiers, IBANs, transaction dates, counterparties, descriptions and amounts, plus current and available balances. It can retrieve up to 24 months of transaction history, with continuous access lasting up to 90 days. Data refreshes on demand, and responses use JSON. To connect, an end user chooses a supported financial institution, accepts a GoCardless-hosted consent screen and authenticates through the institution. API requests use an authorization token created with a Bank Account Data portal user secret. GoCardless provides a quickstart guide and instructions for importing the API schema into Postman. Availability is limited to EEA countries subject to PSD2 where GoCardless operates as an authorized AISP. Banks may restrict requests to as few as four calls per account per day. Account verification is available only to paying customers; new accounts are unverified by default. The service is paid, with pricing on request, and is available via API and web.
Method Financial
Method Financial has no write-up on Specifiction yet; its figures are above.