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Send payouts with Stripe

stripe.com

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Re: Send payouts with Stripe

#11

Post by troyk »

amfeng wrote: post #9
troyk wrote: post #5

This is cool, but the money has to be charged via credit card first right? It would be nice to transfer money from the bank account linked to stripe to another account, and as a user of Stripe's connect API, it would be nice to enable this in our apps for our users. Even cooler would be full blown ACH. We are working with ACH providers now and what a stark contrast to the beauty of stripe. All require some form of mo…

(I work at Stripe.) Right. Those are both things that are on our product roadmap. (:

Free hugs and kisses from me when you guys roll it out (really gets my cofounder motivated, so thought I'd try it here!)

Re: Send payouts with Stripe

#14

Post by bob13579 »

dm8 wrote: post #12

Apart from Balanced Payments and Dwolla I don't think anyone gives a simple way (means using API) to send payouts. This could be huge!

Balanced Payments only allows transfers to customers with Wells Fargo accounts, right? Does Stripe allow transfers to all banks?

Re: Send payouts with Stripe

#15

Post by johne20 »

troyk wrote: post #5

This is cool, but the money has to be charged via credit card first right? It would be nice to transfer money from the bank account linked to stripe to another account, and as a user of Stripe's connect API, it would be nice to enable this in our apps for our users. Even cooler would be full blown ACH. We are working with ACH providers now and what a stark contrast to the beauty of stripe. All require some form of mo…

I too would love to be able to accept ACH payments. Our customer base is currently organizations that are happy to pay via ACH, but CC is not usually good option. (B2B)

Re: Send payouts with Stripe

#16

Post by netvarun »

troyk wrote: post #5

This is cool, but the money has to be charged via credit card first right? It would be nice to transfer money from the bank account linked to stripe to another account, and as a user of Stripe's connect API, it would be nice to enable this in our apps for our users. Even cooler would be full blown ACH. We are working with ACH providers now and what a stark contrast to the beauty of stripe. All require some form of mo…

You could checkout Balanced Payments (https://balancedpayments.com/) - a YC company that does ACH.

Re: Send payouts with Stripe

#17

Post by JshWright »

amfeng wrote: post #9
troyk wrote: post #5

This is cool, but the money has to be charged via credit card first right? It would be nice to transfer money from the bank account linked to stripe to another account, and as a user of Stripe's connect API, it would be nice to enable this in our apps for our users. Even cooler would be full blown ACH. We are working with ACH providers now and what a stark contrast to the beauty of stripe. All require some form of mo…

(I work at Stripe.) Right. Those are both things that are on our product roadmap. (:

On an only moderately related note... here are two more things that I would love to see on the roadmap:

1) Better support for disputes in the API (right now to get all our disputes, we have to pull _all_ charges and walk them...)

2) The ability to generate test disputes. You guys provide an awesome test API, but there's no way to generate disputed charges in testing, so I can't test any of that functionality...

Re: Send payouts with Stripe

#19

Post by thinkcomp »

pc wrote: post #8
aaronbrethorst wrote: post #2

How does this jive with laws around transmitting money?

Tl;dr: we work with a bank to do this; we do lots of checks; and you're required to verify the identity of the recipients. See https://stripe.com/docs/tutorials/sending-transfers#verifyin... for more info.

Do the funds ever sit in your (Stripe's) account or is the ACH transfer direct from the card to the destination account?
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