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Balanced is offering a white-labeled API. Square Cash is a branded consumer product. The mechanism of paying people using their debit cards is the same.
by mtamizi 13y ago
Balanced is offering a white-labeled API. Square Cash is a branded consumer product.
The mechanism of paying people using their debit cards is the same.
- vinhboy 13y agoAny chance you can make it so I can send the balance of a debit card to another debit card, or bank account for $1?
- mtamizi 13y agoWhat is the use case?
- vinhboy 13y agoIf a customer wants to pay with a debit card, I want to avoid paying the credit card percentage fees. Sort of like how gas stations have a higher price for credit card payments versus debit card payments. It seems to me like you guys already have a system to map debit card numbers to bank accounts, so this should technically be possible as an ACH transfer. No?
- mtamizi 13y ago> It seems to me like you guys already have a system to map debit card numbers to bank accounts, so this should technically be possible as an ACH transfer. No? That's not the way we're doing it. I've tried to find such a system, but AFAIK, it's not possible.