Plaid vs Trustly

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.

Trustly provides Pay by Bank services that let customers pay merchants directly from bank accounts. Trustly Payment supports online payments authorized through a bank app or eID, while Recurring Payments uses a verified account to collect on a chosen cadence. Trustly Deposit supports bank transfers for deposits, top-ups, transfers, or investments; Trustly Payout sends funds to customer bank accounts, including standalone, bulk, and scheduled payouts. Data Services uses Open Banking and KYC data to verify, assess, and create customer accounts in one flow. Merchants can integrate through Trustly's JSON-RPC-based API or activate it through payment service providers and checkout solutions. Direct integration includes sandbox access, developer documentation, and dedicated support. Trustly says it encrypts data in transit, does not store banking credentials, and uses SSL/TLS-only communication. It also states that it is ISO 27001-certified and GDPR-compliant and conducts third-party penetration testing. Trustly Group AB says it is an authorized Swedish payment institution supervised by Finansinspektionen and can provide cross-border services in the EU/EEA. Trustly says it serves 33 markets and connects to 12,000 banks. Merchant pricing is on request.