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Balanced Payments (YC W11) Raises $1.4M To Provide A Platform For P2P Markets
- dikbrouwer 14y agoGuys, a typo on your "overview" page: ... and 2.9% = 30¢ when you successfully .... This should be 2.9% + 30¢ I believe.
- mahmoudimus 14y agoWhoops. Thanks for that! Fixed.
- dikbrouwer 14y agoGreat! Love the product btw, I really think it solves a clear pain point. One feature request: give the option to send checks (through the API preferably) vs. an ACH. An ACH is not always feasible.
- mahmoudimus 14y agoThanks! We've definitely explored this option. Part of being an open company is that we publicly discuss our roadmap, I'd love it if you just +1'ed via our github tracker so you can get updated about our progress in that direction. If we have enough interest on this feature, we'll reopen the issue and track its progress publicly: https://github.com/balanced/balanced-api/issues/69 https://github.com/balanced/balanced-api/issues/69
- dikbrouwer 14y agoDone!
- wtvanhest 14y agoI just tried clicking the blog link from the bottom of this page https://www.balancedpayments.com/community https://www.balancedpayments.com/community and got this error: SSL Error This is probably not the site you are looking for! You attempted to reach blog.balancedpayments.com, but instead you actually reached a server identifying itself as secure.static.tumblr.com. This may be caused by a misconfiguration on the server or by something more serious. An attacker on your network could be trying to get you to visit a fake (and potentially harmful) version of blog.balancedpayments.com. You should not proceed, especially if you have never seen this warning before for this site.
- mahmoudimus 14y agoThis has been fixed! Thanks for reporting:)
- wtvanhest 14y agoNo prob. Good luck!
- jamesnine 14y agobalanced ftw! I love the fact that I can send ACH payments immediately.
- irollboozers 14y agoI don't know what it is about YC payment companies, but they are all awesome. Would you believe me if I said that these guys are nicer and friendlier than Stripe? Congrats guys! We're definitely looking forward to moving to Balanced.
- zende 14y agoThanks irollboozers! Looking forward to having you on board.
- marek12886 14y agoGreat and innovate product. Keep it up!
- dmr 14y agoAs a dev and a user, I love that these guys are creating a better payments platform. Here's to the all the marketplaces that before Balanced were just twinkles in their founders' eyes.
- ScottBurson 14y agoBug report: I just went to your home page and got the message "Put money in your seller's bank account by: UNDEFINED NAN/NAN".
- mjallday 14y agoCheers Scott, fix on the way :)
- Jsarokin 14y agoWe're using Balanced @ our startup - Really great integration, and support is crazy fast. Keep it up guys!
- anilv 14y agoBalanced is awesome. Really helpful people!
- whit537 14y agoAfaict, the really new thing Balanced is doing that I haven't seen anywhere else is programmatically authorizing merchant accounts. Is anyone else doing that?
- zende 14y ago> Afaict, the really new thing Balanced is doing that I haven't seen anywhere else is programmatically authorizing merchant accounts. There's three main things marketplaces have expressed that they like about Balanced: 1. Compliance. This includes PCI and the ability to underwrite merchants through the API 2. Payouts. Depositing money in a merchant's bank account the next business day and having full control over when you issue the deposit. With this launch, we made it easier for marketplaces to use us just for payouts—something we saw existing customers doing 3. Taxes. We handle the tax reporting for the merchants There's no one else that provides any of the three above.
- jjb123 14y agoExtremely valuable competencies for marketplace payments - excited to see you guys grow.
- adora 14y agobeing able to do next day payouts to sellers is very unique afaik and pretty awesome.
- jamoes 14y agoWhat's your bitcoin strategy? It seems like bitcoin could really complement this type of business: The escrow service would be very useful to people wishing to pay in bitcoin. And at the same time, Balanced could benefit from the significantly lower fees and zero risk of fraud that bitcoin payments offer.
- zende 14y agoWe haven't seen much demand for supporting bitcoin. If you would like us to support bitcoin, could you create a GitHub issue, so we can track interest? https://github.com/balanced/balanced-api/issues https://github.com/balanced/balanced-api/issues We use GitHub to track feature requests like international support: https://github.com/balanced/balanced-api/issues/23 https://github.com/balanced/balanced-api/issues/23
- fduran 14y agoYou may want to change in the blog URL https -> http
- mahmoudimus 14y agoAh thanks! Love your attention to detail here.
- colinsidoti 14y agoLess than two weeks ago, this scathing comment showed up on HN about BalancedPayments: http://news.ycombinator.com/item?id=4744982 http://news.ycombinator.com/item?id=4744982 Did Balanced ever respond? The comments here about the founders are quite opposite.
- skrish 14y agoAs a side note, that particular thread has some excellent comments about chargebacks, risk detection etc., Gem of a discussion on that thread apart from the scathing attack.
- deleted 14y ago[deleted]
- littlegiantcap 14y agoYou guys planning on integrating with Dwolla?
- zende 14y agoWe haven't seen much demand for supporting Dwolla. However, could you create an issue on GitHub if you would like us to support Dwolla? https://github.com/balanced/balanced-api/issues https://github.com/balanced/balanced-api/issues
- tiffani 14y agoHappy to see this! I've had nothing but great, helpful experiences with the folks over at Balanced.
- jjb123 14y agoExcellent to see Balanced getting love for the great product they've built! Congrats guys!!