Leaving Plaid? Here's everything you need
Compare 4 EU alternatives side-by-side. Find the right fit based on migration difficulty, pricing, and privacy features.
Your data may be subject to US surveillance laws
Plaid is headquartered in the US. Under the CLOUD Act and FISA Section 702, US authorities can access your data without your knowledge. Switch to an EU alternative to keep your data protected under GDPR.
All EU Alternatives at a Glance
| Alternative | Country | Pricing | Difficulty | Time Estimate | Actions |
|---|---|---|---|---|---|
GoCardlessRecommended 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. | 🌍GB | Free plan available | Medium | 2-4 hours | |
MollieRecommended 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. | 🇳🇱Netherlands | Free plan available | Medium | 2-4 hours | |
Adyen Dutch payment platform providing end-to-end infrastructure for accepting payments anywhere in the world. | 🇳🇱Netherlands | Free plan available | Medium | 2-4 hours | |
Revolut Revolut is a financial app that allows users to manage their money seamlessly across multiple currencies. It offers features such as currency exchange, spending analytics, and budgeting tools. Users can also access global payment services, cryptocurrency trading, and virtual or physical debit cards for secure transactions. | 🌍GB | Free plan available | Medium | 1-2 hours |
Our Top Picks
Best for Privacy
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.
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Migration difficulty data is being enriched for these alternatives.
Detailed Comparison of Each Alternative
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.
Advantages
- 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.
Trade-offs
- 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.
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.
Advantages
- 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.
Trade-offs
- 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.
Dutch payment platform providing end-to-end infrastructure for accepting payments anywhere in the world.
Advantages
- Adyen supports 250+ payment methods globally, expanding market reach.
- Unified commerce allows for online and in-store payments on one platform.
- GDPR compliance ensures data protection for EU customers and reduces risks.
- Advanced risk management tools reduce fraud with machine learning insights.
Trade-offs
- Migration may require significant development resources and time.
- Adyen lacks specific bank connection features available in Plaid.
- Learning curve for teams unfamiliar with Adyen's platform and API.
Revolut is a financial app that allows users to manage their money seamlessly across multiple currencies. It offers features such as currency exchange, spending analytics, and budgeting tools. Users can also access global payment services, cryptocurrency trading, and virtual or physical debit cards for secure transactions.
Advantages
- Revolut offers multi-currency accounts with 30+ currencies available.
- Instant transfers between Revolut users are free and immediate.
- Revolut provides crypto trading for 5 cryptocurrencies, including Bitcoin.
- Budgeting tools in Revolut allow tracking spending by category in real-time.
Trade-offs
- Migration may require manual data transfer, causing potential data loss.
- Revolut lacks direct bank connection APIs like Plaid's account verification.
- Learning curve for new budgeting tools may delay initial usage.
Before You Switch
Export your data from Plaid before you start the migration. This ensures you have a backup and makes the transition smoother.
General Data Export Steps
- 1Log into your Plaid account and navigate to Settings or Privacy.
- 2Look for "Download your data", "Export", or "Data portability" options.
- 3Select all data you want to export and choose a standard format (ZIP, CSV, JSON).
- 4Wait for the export to complete — large accounts may take hours or days.
- 5Download and verify the export before proceeding with migration.
Under GDPR Article 20, you have the right to data portability. Plaid is required to provide your data in a structured, commonly used format upon request.
Frequently Asked Questions
What are the best EU alternatives to Plaid?
There are 4 European alternatives to Plaid. GoCardless, Mollie, Adyen are among the top-rated options. All are GDPR-compliant and store your data in European data centers.
How long does it take to switch from Plaid?
Migration time varies by alternative. Most migrations can be completed in under an hour with our step-by-step guides. We provide detailed migration guides for each alternative.
Can I export my data from Plaid?
Yes, most services including Plaid allow you to export your data. Check the settings or privacy section of your Plaid account for data export options. GDPR also grants you the right to data portability.
Is switching from Plaid to an EU alternative safe?
Yes, switching is safe when done correctly. We recommend: 1) Export your data from Plaid first, 2) Set up the new EU service, 3) Import your data, 4) Run both services in parallel for a transition period, 5) Update any linked accounts or integrations, and 6) Cancel your Plaid subscription only after verifying everything works.
Why should I switch from Plaid to an EU alternative?
EU alternatives provide stronger privacy protection under GDPR, keep your data in European data centers, and are not subject to US surveillance laws like the CLOUD Act or FISA Section 702. By switching, you gain true data sovereignty and support European tech innovation.