VoPay + Plaid Open Banking Payment Technology

We’ve partnered with Plaid to combine open banking technology with our payment API to give an unmatched bank account payment experience.

Open Banking Data Meets Payment processing

Plaid’s open banking API perfectly complements VoPay’s payment API to create intelligent bank account payments.

Bank Account Verification

Validate customer account details and verify available funds at the time of transaction.

Reduce NSFs

Cut down your NSF fees to near zero by having access to account performance and balance prior to collecting funds.

Faster Payments

Speed up transaction times to up to 1 business day by validating the transaction status.

Account Tokenization

Tokenize customer details and use them for future transactions without having to request banking information again.

How Do Payments Work With Plaid?

1

Sync Your Plaid Account With VoPay

Connect your Plaid account to VoPay using the account/set-plaid-credentials endpoint to setup the integration.

2

Use Plaid Link To Receive Bank Details

Customers use Link to connect their bank account for EFT/ACH transactions, which returns a Plaid Public Token & Account ID.

3

Exchange For Processor Token

Once the Public Token is generated, you can then call Plaid’s API to request a Processor Token.

4

Use Plaid Tokens For Payments

You can then use new and existing Processor Tokens to call VoPay API endpoints for EFT/ACH payments.

1

Sync Your Plaid Account With VoPay

Connect your Plaid account to VoPay using the account/set-plaid-credentials endpoint to setup the integration.

2

Use Plaid Link To Receive Bank Details

Customers use Link to connect their bank account for EFT/ACH transactions, which returns a Plaid Public Token & Account ID.

3

Exchange For Processor Token

Once the Public Token is generated, you can then call Plaid’s API to request a Processor Token.

4

Use Plaid Tokens For Payments

You can then use new and existing Processor Tokens to call VoPay API endpoints for EFT/ACH payments.

The Future Of Bank Account Payments

VoPay’s integrated suite of payment rails can be combined with Plaid’s open banking technology to create better payment experiences for the end user.

Let customers complete a one-time bank account connection flow and then tokenize their data to be reused for future transactions.

Explore Plaid Integration Docs

Safer Transactions With Tokenization

Use your existing Plaid data tokens or let users connect their bank account using iQ11 and VoPay will generate a unique token for that customer.

Tokens can be safely stored and then used for future verification or transactions without the need to ask users for banking details.

Explore VoPay iQ11