Alpaca Integrates with Plaid to Send and Receive Payments
We’re excited to announce our latest integration and partnership with Plaid, a data network powering the digital financial ecosystem. Alpaca is committed to helping provide the best developer experience through its Broker API and is excited to help offer developers and Fintech apps a seamless authentication and funding process via Plaid. With Plaid, Alpaca is working to fuel the acceleration and growth of new fintech startups and tech innovators around the world.
Simplified Funding Experience
Alpaca’s integration with Plaid enables fintech apps to securely connect their own Plaid account onto the Alpaca platform. Fintech apps will have to activate the Alpaca integration within the Plaid dashboard. Fintech apps partners will generate Plaid Processor Tokens on behalf of their end users. This token will allow Alpaca to immediately retrieve a user’s bank details in order to deposit or withdraw funds on the Alpaca platform.
“The Plaid partnership enables developers using our APIs to securely add funding functionality to their apps with only a few lines of code, making it faster and easier than ever to bring their products to market.” - Richard Kim, Director of Success Operations
Benefits for Fintech Apps
- Streamlined funding experience for your customers
- Simple integration via Plaid’s Processor Tokens
- Setup and test in Broker API’s sandbox environment before going live
For more information about getting started, please see Plaid’s Alpaca documentation. If you have further questions, don’t hesitate to reach out to [email protected].
About Alpaca
Alpaca is a globally distributed financial technology company that is democratizing global access to financial markets starting with our API-first stock brokerage. Alpaca offers commission-free stock trading via API, a suite of developer APIs for brokerages, advisors, and startups, as well as a market data API. Alpaca APIs enable developers and entrepreneurs from around the world to connect their applications to the US Stock Market.
Investing and investment strategies involve risk, including loss of value and the loss of principal. Please consider your objectives before investing. Past performance does not guarantee future returns or results.
Plaid and Alpaca Securities LLC (“Alpaca”) are unaffiliated and neither are responsible for the liabilities of the other. Brokerage services are provided by Alpaca Securities LLC ("Alpaca"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.Commission-Free trading means that there are no commission charges for Alpaca self-directed individual cash brokerage accounts that trade U.S. listed securities through an API. Relevant SEC and FINRA fees may apply.
