How can I send money to users (much like how Patreon sends money to their creators)?
Payment gateways don't seem to cater to this - except Stripe which only supports US debit cards.
Ask HN: How to Send Money to Users?
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Re: Ask HN: How to Send Money to Users?
#2PayPal?
Re: Ask HN: How to Send Money to Users?
#3This is an excellent question. I have yet to discover a good API based method. Let me know if you find one.
Re: Ask HN: How to Send Money to Users?
#4PayPal has an API for this that IIRC isn’t just tied to PayPal funny money accounts.
Re: Ask HN: How to Send Money to Users?
#5Crypto :)
Re: Ask HN: How to Send Money to Users?
#6Crypto :)
This is actually a good answer. Crypto was built for this and you don't have to worry about triggering any anti-fraud or anti-money laundering safeguards.
Re: Ask HN: How to Send Money to Users?
#7If it's something like refunds, the common approach is to have some ewallet with credits and track how much you owe them.
There's a popular mobile game show here that does that. Once you win $50 or some treshhold, they let you cash out, which is handled through a manual process. It's tedious but it meets anti-money laundering and gambling regulations.
Re: Ask HN: How to Send Money to Users?
#8Actually, how to send money to end users at scale is a terrific problem. Scenario is something like you run a federated "micro-work" site and you want to compensate ~1M. Ideally, what we want is something like Square Cash for small business with an API.
Re: Ask HN: How to Send Money to Users?
#9Best way to send money is through internet banking as it is fast and safe mode of transferring money. It is super good. Even you have a proof as well in the bank statement that money has been transferred to so and so person on so and so date. It helps in keeping track of your money. It is super fast mode of transferring money. Depends from bank to bank, as some banks transfer money in 15 mins to 3 days time span.