Pay by Bank from allpay vs Plaid
Pay by Bank from allpay
allpay.net
Plaid
plaid.comSide by side
| Figure | Pay by Bank from allpay | Plaid |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | — | Yes |
| Plans published | 0 | 4 |
| Spec score · Open Banking Payment Platforms | 7.4 (#10) | 7.5 (#9) |
| Integrations | The page says Pay by Bank is rolling out across allpay’s digital platforms, starting with the allpayments app and online payment journeys using hosted payment pages; Gateway Plus is marked as coming soon. | Plaid's partner directory lists partners including Dwolla, Checkout.com, and Humble Devs. |
| Security | Customers authorise each payment directly through their bank, so the organisation does not handle sensitive account details. | Plaid's security portal lists SOC 2 Type 2, ISO 27001, and ISO 27701 certifications. |
| Support | The Pay by Bank page directs organisations to contact the sales team and links to the allpay Help Centre for support. | Plaid customers can use self-service resources and its Dashboard AI assistant; enhanced support tiers may be available to Custom plan customers. |
| What it does | Pay by Bank lets customers pay directly from their bank account using Open Banking, without entering card details. | Plaid helps people securely connect financial accounts to apps and services they choose, and lets them manage those connections. |
| Who it serves | The page highlights housing associations, local authorities, income collection and rent teams, utilities, billing organisations, and organisations managing high-volume regular payments. | Plaid describes Pay as You Go as best for individuals and developers, Growth for small teams and startups, and Custom for businesses that need to scale. |
Plans
Plaid
- TrialFree
- CustomPriced on request
- GrowthPrice not published
- Pay as You GoPrice not published
In their own words
Pay by Bank from allpay
Pay by Bank from allpay lets customers pay an organisation directly from a bank account using Open Banking, without entering card details. At checkout, the customer chooses the option, selects a bank, and authorises payment in a banking app or online banking; confirmation arrives near instantly. The organisation does not handle sensitive account details because authorisation takes place through the customer’s bank.
The service is intended for housing associations, local authorities, rent and income collection teams, utilities, billing organisations, and organisations handling high-volume regular payments. allpay says bypassing traditional card networks can lower processing costs, while avoiding expired cards, incorrect entries, and manual input may help reduce failed or abandoned transactions. The rollout is starting with the allpayments app and online payment journeys using hosted payment pages. Gateway Plus support is marked as coming soon, with no date specified. Pricing is on request. Platforms listed are Android, iOS, and web. allpay describes the method as FCA-regulated and states that it complies with PCI DSS.
Plaid
Plaid connects financial accounts to apps and services people choose, and lets them manage those connections. Its products cover payments, fraud and risk, financial management, and onboarding. Plaid Link connects users to more than 12,000 financial institutions, while Transactions offers up to 24 months of categorized transaction data. Plaid Transfer processes bank payments through ACH, RTP, and FedNow. Available data includes account and routing numbers, balances, identity, transactions, investments, liabilities, income, and statements, with statements in PDF format. Connections can use credentials, OAuth, app-to-app OAuth, or manual and micro-deposit flows; refreshes are on demand. Developers can use official API libraries for Node, Python, Ruby, Java, and Go, plus Link SDKs for web and mobile. Plaid Portal lets users see connected apps, manage permissions, and disconnect accounts. Plaid lists SOC 2 Type 2, ISO 27001, and ISO 27701 certifications. Pricing is on request; there is no general free plan, though an eligible free Trial plan is listed for certain US and Canada teams created on or after April 15, 2026.