Viewing profile — jareau

Stripe made a tender offer to equity holders in 2021 at the $95B valuation. Maybe not as high as it could have traded up on the stock market at the same time but not chump change.

He was an early investor but has no operational influence on the company.

Reading this was so refreshing. A few years ago, I shut down a startup I'd spent the past 4 years on and honestly didn't know what to do with myself. In hindsight, it was obvious I…

I know Dwolla's FiSync protocol is being adopted by more banks and is zero-cost, but for Square to provide the consumer coverage most merchants expect they would have to wait for F…

hi icelander, Sorry to let you down. If you're a Balanced customer, I'd be happy to answer any questions you have about the transition: jkwade@balancedpayments.com

(Balanced co-founder) Hi Keith, sorry for any inconvenience this has caused you and the Storefront team. Feel free to email me if you need any help with the migration: jkwade@balan…

I mean, the funds will be available for use in the recipients bank account within 10 minutes. The API call to perform this operation will have much lower latency than that. Did I u…

You're right. See this comment for some insight on why Balanced is releasing to a private beta first: https://news.ycombinator.com/item?id=7785476 (Balanced co-founder)

Happy to ask Steve to correct any inaccuracies here, Patrick. Feel free to email me.

(Balanced co-founder) > I don't know if Stripe or Balanced are using this feature Yes, Balanced is.

(I'm a co-founder of Balanced, a payments company also building push to card (p2c) functionality [1]) > There's no way to map debit card numbers to routing/account numbers (afaik).…

(Balanced co-founder here) You're right. Our API has been built, but we're giving private beta access to anyone that made prepayments via our crowdfunding campaign [1] first. Priva…

(Balanced co-founder here) Balanced would be happy to discuss working with Venmo/PayPal as a vendor to power their push to card payouts if they're interested.

fraud is often priced into these systems since most payments instruments in the US aren't push-only. Sorry if it sounds like I'm justifying...

> Why is the USA one of the only first-world countries that have such prevalent usage of cheques I'm actually thinking about writing a blog post explaining my theory behind why thi…

yep!

Hi theflyingkiwi42. I'm a co-founder of Balanced. Happy to answer whatever questions you have about our product and hear how we can make Balanced's ACH products better, but don't w…

dogebase?

Don't forget about the "zen" of YC: Zencoder, Zenefits, ZenPayroll, Zenbox, & Zenedy.

Kudos on this! We do metered billing at Balanced [1], essentially "grossing out fees" and charging the merchant at the end of the day for one lump sum, rather than "netting out fee…

(Balanced co-founder here) Good suggestion. We'll work on adding that [1]. Right now, we have those interested +1 on a GitHub issue tread [2], so we can contact them later, but you…

oops forgot this: [1] https://twitter.com/steveklabnik/status/423271986073063424