5 ms·
The guys at Balanced are doing a great job. I'm using their service for a product I've built to manage gyms [1] and it is working great. This is cool b/c that
by harrisreynolds 13y ago
The guys at Balanced are doing a great job. I'm using their service for a product I've built to manage gyms [1] and it is working great. This is cool b/c that wasn't the original intention of how their product would be used (i.e. not a marketplace) but it supports our use case well. Also, the ACH API is one of the BIG differentiators of their product when compared to something like Stripe (which is also very cool, but lacks the processing ACH API).
[1] http://www.simplegym.co http://www.simplegym.co
- lbotos 13y agoI might be lying, but I think stripe recently enabled ACH support? EDIT: https://stripe.com/blog/send-payouts-with-stripe https://stripe.com/blog/send-payouts-with-stripe
- rmanisha 13y agoI believe harrisreynolds was talking about ACH debits: https://www.balancedpayments.com/ach-debits https://www.balancedpayments.com/ach-debits
- harrisreynolds 13y agoCorrect. Stripe can do ACH payouts (credits) but cannot pull money from a bank account for a payment (ACH debit).
- theflyingkiwi42 13y agoYou can also not fund stripe to do ACH payments. So if you have your own merchant account with much lower rates, you cannot use Stripe to pay out. You can with Balanced, which is awesome (in theory).