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This compensation may impact how and where products appear on this site.
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But what is Plaid doing with that information?
Plaid is a service that allows you to control who gets access to your financial data.
The platform authenticates your information for companies like Venmo.
It also protects your sensitive information.Plaid has over 100 million users globally and is available in 18 countries.
Basics of Plaid
Think of Plaid as a bridge or intermediary between your bank and financial companies.
Its service safeguards your personal information while you use the services of companies like Chime and Venmo.
How Does Plaid Keep Your Information Secure?
Plaid makes money by charging a fee to the financial institution that is using your data.
you’re free to delete and modernize your information as needed through the portal.
Where Is Plaid Used
You dont have to do muchto use Plaid.
A popup window will appear informing you that youre allowing Plaid to share certain information with an app.
you’ve got the option to learn more about GOBankingRates processes and standards in oureditorial policy.
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