I'm most interested in the inverse... allowing customers to send us cash directly from their bank accounts for $.25 per transfer (instead of the bullshit credit card company fees). I'm sure there's some serious fraud implications that Stripe would have to deal with to ensure validity, but is that coming?
Yep -- this is something we're really interested in doing as well.
Send payouts with Stripe
91–100 of 143 posts
Re: Send payouts with Stripe
#92I'm most interested in the inverse... allowing customers to send us cash directly from their bank accounts for $.25 per transfer (instead of the bullshit credit card company fees). I'm sure there's some serious fraud implications that Stripe would have to deal with to ensure validity, but is that coming?
Yep -- this is something we're really interested in doing as well.
Re: Send payouts with Stripe
#93Earlier quoted context omitted.
Yep -- this is something we're really interested in doing as well.
How soon do you estimate having international bank transfers?
Re: Send payouts with Stripe
#94Earlier quoted context omitted.
Its nice to see that Stripe wishes competitors well when all Balanced tried to do was promote their brand.
This statement fully captures the stark difference between Stripe and Balanced. Stripe is led by engineers who want to improve the payments infrastructure. Balanced is led by businesspeople who want to hit it big. Stripe just so happens to be a business as well. Nothing wrong with either, but that should point you toward which company has the developer's true interests at heart :) Hint: It's Stripe.
Re: Send payouts with Stripe
#95Earlier quoted context omitted.
The Balanced Payouts service has been available for some time. Our ACH Debit (pay with bank account) is in Beta however.
Taking over this thread talking about your service is pretty awful - surely you can announce your features in your own right rather than riding on the back of Stripe's name?
Re: Send payouts with Stripe
#96Earlier quoted context omitted.
This statement fully captures the stark difference between Stripe and Balanced. Stripe is led by engineers who want to improve the payments infrastructure. Balanced is led by businesspeople who want to hit it big. Stripe just so happens to be a business as well. Nothing wrong with either, but that should point you toward which company has the developer's true interests at heart :) Hint: It's Stripe.
Why do you have such a simplistic binary view of the world (hint: the world isn't like that), and why the sock puppet account? (hint: you're a shill)
Re: Send payouts with Stripe
#97Earlier quoted context omitted.
Do the funds ever sit in your (Stripe's) account or is the ACH transfer direct from the card to the destination account?
Come on Aaron. As someone who formerly ran a payments company, you know that going direct from a credit card to a bank account is not possible with today's banking infrastructure. Of course the funds go to their account. You know that, but you're clearly trying to prove a point here. Please, do it somewhere else.
By the way, I still run a payments company, and you should not assume that you know what I know (or don't).
Re: Send payouts with Stripe
#98Earlier quoted context omitted.
Looks like the HN backend needs another stealth founders-only feature: highlight known troublemakers to remind people to probably not interact with them unless you know you can win a pet argument.
Doesn't even need to be a backend feature. A Chrome extension (a la Reddit Enhancement Suite) that lets you tag people would be more than sufficient. I understand Aaron's motivation. Asking for that info on HN though is the same as starting a fight in a Starbucks. We're better than that.
Payments systems are complex and the regulations are complex. I don't think it's rude to ask questions about complex topics, and here I honestly do not know what Stripe is doing. As both a Stripe customer and competitor I have the right to ask.
Re: Send payouts with Stripe
#99$0.25/transfer, without a cap on the amount? Might expose Stripe to a lot of risk on large transfers? Example: If something goes sideways on an $100k transfer, $0.25 is 0.0003% of the borked transaction....