Plaid vs Mollie
A comprehensive comparison to help you decide if Mollie is the right EU alternative to Plaid for your needs.
Plaid
Financial infrastructure platform connecting apps to users bank accounts for payments and data access.
Mollie
Mollie is a payment service provider that facilitates online transactions for businesses. It supports various payment methods, including credit cards and digital wallets, to help streamline the checkout process. The platform offers easy integration with websites and provides tools for managing payments and analytics.
Our Verdict
Why choose Mollie
- +Mollie offers multiple payment methods like iDEAL and SEPA Direct Debit.
- +No setup fees with Mollie, unlike Plaid's potential integration costs.
- +Mollie's dashboard provides real-time analytics for transaction tracking.
- +Mollie is fully GDPR compliant, ensuring data protection in the EU.
Things to consider
- -Migrating from Plaid to Mollie may require significant data transfer efforts.
- -Mollie lacks Plaid's detailed transaction data and identity verification features.
- -Learning curve for developers to adapt to Mollie’s API compared to Plaid.
Privacy Winner: Mollie
Your data stays in the EU and is protected under GDPR, free from US CLOUD Act access.
Feature Comparison
Plaid
🇺🇸Plaid Inc.
Mollie
🇳🇱Mollie B.V.
US Data Storage
Data subject to US CLOUD Act and may be accessed by US authorities
EU Data Protection
Data protected under GDPR with EU-only data residency
Certifications & Compliance
No certifications listed
Reasons to Switch
- ✓Mollie offers multiple payment methods like iDEAL and SEPA Direct Debit.
- ✓No setup fees with Mollie, unlike Plaid's potential integration costs.
- ✓Mollie's dashboard provides real-time analytics for transaction tracking.
- ✓Mollie is fully GDPR compliant, ensuring data protection in the EU.
Things to Consider
- !Migrating from Plaid to Mollie may require significant data transfer efforts.
- !Mollie lacks Plaid's detailed transaction data and identity verification features.
- !Learning curve for developers to adapt to Mollie’s API compared to Plaid.
Frequently Asked Questions
Is Mollie a good replacement for Plaid?
Yes, Mollie is a GDPR-compliant European alternative to Plaid. It offers similar functionality while ensuring your data stays within EU jurisdiction and is protected under strict European privacy laws.
Is Mollie GDPR compliant?
Yes, Mollie is a European company that fully complies with GDPR regulations. Your data is stored in EU data centers and is not subject to US surveillance laws like the CLOUD Act.
How much does Mollie cost?
Mollie offers freemium pricing. Visit their website for current pricing details and to compare plans based on your specific needs.
Where is my data stored with Mollie?
Mollie stores data in EU data centers, ensuring compliance with European data protection regulations and keeping your information within EU jurisdiction.
Other EU alternatives to Plaid
Ready to make the switch to Mollie?
Take control of your data privacy by switching to an EU-based alternative.