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by sjtgraham 2030 days ago
Plaid doesn’t do ACH transactions, someone else does, e.g. Stripe, or Dwolla. They merely provide a means to verify account details instantly per NACHA rules.

Plaid is planning to do ACH payments themselves and have a private beta.
1 comments
sjg007 2030 days ago
They basically guarantee the funds to the merchant and reduce the likelihood that the cash won’t be there. The other side of the coin is providing insurance against fraudulent charges. This only really matters where physical goods are exchanged.
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sjtgraham 2029 days ago
No they don’t guarantee any funds whatsoever, nor do they provide insurance against fraudulent charges.
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