Plaid vs GoCardless
A comprehensive comparison to help you decide if GoCardless 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.
GoCardless
GoCardless is a payment processing platform that enables businesses to collect recurring payments directly from customers' bank accounts via Direct Debit. It simplifies the billing process, reduces transaction fees, and offers secure payment collection. Ideal for subscription services and invoice-based businesses.
Our Verdict
Why choose GoCardless
- +GoCardless offers direct debit, ideal for recurring payments.
- +Retry intelligence reduces payment failures by up to 20%.
- +GoCardless is GDPR compliant, ensuring data protection in the EU.
- +Global reach allows transactions in multiple currencies easily.
Things to consider
- -Migrating from Plaid may require significant integration work.
- -GoCardless lacks certain features like transaction data insights.
- -Learning curve for teams familiar with Plaid's interface.
Privacy Winner: GoCardless
Your data stays in the EU and is protected under GDPR, free from US CLOUD Act access.
Feature Comparison
Plaid
🇺🇸Plaid Inc.
GoCardless
🌍GoCardless Ltd
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
- ✓GoCardless offers direct debit, ideal for recurring payments.
- ✓Retry intelligence reduces payment failures by up to 20%.
- ✓GoCardless is GDPR compliant, ensuring data protection in the EU.
- ✓Global reach allows transactions in multiple currencies easily.
Things to Consider
- !Migrating from Plaid may require significant integration work.
- !GoCardless lacks certain features like transaction data insights.
- !Learning curve for teams familiar with Plaid's interface.
Frequently Asked Questions
Is GoCardless a good replacement for Plaid?
Yes, GoCardless 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 GoCardless GDPR compliant?
Yes, GoCardless 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 GoCardless cost?
GoCardless 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 GoCardless?
GoCardless 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 GoCardless?
Take control of your data privacy by switching to an EU-based alternative.