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I assume they are processing the transaction as a refund to the recipient's card? There isn't enough detail to understand what's going on there. This looks li
by downandout 13y ago
I assume they are processing the transaction as a refund to the recipient's card? There isn't enough detail to understand what's going on there. This looks like one of those "The investors made us put something up to start building buzz even though it isn't nearly done..." type of things.
- brodney 13y agoI already got a payment from a friend there. It works.
- downandout 13y agoDo they process it as a refund then?
- shivaas 13y agoyou can only process a refund if you have the authorization code for an already existing txn on that card. you can't just issue one just by knowing the card details.
- downandout 13y agoActually you can process a "refund" (actually just a credit) without an existing authorization code. I've done it.
- jasonlotito 13y agoRefunds and credits are two different things entirely. They are considered two different things by the credit card companies. If you've done this, then you've done it with a system that hides the specifics of what you are actually doing.
- wmf 13y agoIt sounds more like an ACH. I read that there's a new API that allows sending money to any Visa card (not as a refund) but I've never seen it used.
- downandout 13y agoIt says "send to any debit card". That's different than "send to any checking account". You can't ACH to a debit card.
- wmf 13y agoExcept for prepaid, every debit card has a bank account behind it that you could ACH to.
- downandout 13y agoYes, and it says "any debit card" which would include prepaid cards.
- hayksaakian 13y agoAre you sure about that? Check the TOS. From everything I've seen online, everyone hates processing prepaid cards.
- tjohns 13y agoSome prepaid cards support direct deposit these days, which means they'd have an ACH account number. For example: http://usa.visa.com/personal/cards/prepaid/prepaid-card-explore.html http://usa.visa.com/personal/cards/prepaid/prepaid-card-expl...
- zende 13y agoYou can send money to debit cards using the ATM rails a la Pulse, STAR, etc. It's something we've explored at Balanced: https://github.com/balanced/balanced-api/issues/32 https://github.com/balanced/balanced-api/issues/32