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Don't forget escrow. For anyone that's taking money from one party, taking a cut and then sending the remainder to someone else, escrow is a very handy feature!
by mjallday 14y ago
Don't forget escrow. For anyone that's taking money from one party, taking a cut and then sending the remainder to someone else, escrow is a very handy feature!
- wheaties 14y agoSo do these bank to bank transfers allow escrowing funds? If so, the hits keep coming. I'm amazingly impressed not only with their customer service but ease of use settings things up.
- mjallday 14y agoYes, you charge a card or debit a bank account and the funds flow into your escrow account within Balanced. From there you can credit it out to bank accounts. Funds for credit cards are available to use 2 days faster than any other competitor (that i'm aware of) e.g. instantly and bank account debits take a couple of business days to clear since we're utilizing the ACH network underneath.
- goodwink 14y agoI think my next project may well use balanced instead of stripe. This is great stuff!