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Send payouts with Stripe

stripe.com

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Re: Send payouts with Stripe

#101

Post by zende »

spoiledtechie wrote: post #75
pc wrote: post #45

Earlier quoted context omitted.

Stripe actually requires substantially less information -- just the recipient's name. Still, this isn't about Stripe vs Balanced -- we just built the API many of our users wanted. Hope you guys continue to do well!

Its nice to see that Stripe wishes competitors well when all Balanced tried to do was promote their brand.

I'm sorry if we gave you that impression.

All three founders have engineering degrees. I built the original version of the product, was the second engineer at Milo.com, and wrote DDoS prevention software in college. Mahmoud built high-frequency trading systems for Wachovia Securities and built Milo.com's matching and categorization system. Jareau studied Electrical Engineering at U Penn, built GPS enabled devices in college, and wrote Milo.com's original systems to interact pull in data from retailers.

Even our General Counsel codes. He studied Symbolic Systems and wrote some of our internal reporting systems in Python.

Re: Send payouts with Stripe

#102

Post by jeffasinger »

drx wrote: post #93
arvinds wrote: post #91

Earlier quoted context omitted.

How soon do you estimate having international bank transfers?

Being able to receive international bank transfers on Stripe would be amazing. Our bank charges us $15 per received wire.

I doubt Stripe could do that for much cheaper unfortunately, without basically becoming a bank, and keeping money in multiple countries.

Re: Send payouts with Stripe

#103

Post by zende »

veritas20 wrote: post #87
zende wrote: post #40

Earlier quoted context omitted.

The Balanced Payouts service has been available for some time. Our ACH Debit (pay with bank account) is in Beta however.

whoa...1% + $.30 for bank payments??? why would you need a percentage on an ACH transfer when most others charge a flat rate?

We're still trying to figure out the right pricing and are discussing it openly (https://github.com/balanced/balanced-api/issues/2#issuecomme...).

The risk scales with the size of the transaction. Granted, the risk does not scale at the same rate as the transaction size, but we wanted to keep it simple in the beginning.

What do you think about 1% + 30¢ with a cap?

Re: Send payouts with Stripe

#104

Post by ceejayoz »

thinkcomp wrote: post #98
toomuchtodo wrote: post #63

Earlier quoted context omitted.

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.

I'd say it's more like asking a fellow air passenger, in earshot of others, whether that thing they just put to their lips is a candy cigarette or a real one. 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.

I think it's the "if I answer this guy's questions he'll likely pop me in as a defendant in a crank lawsuit" that turns folks off.

http://dockets.justia.com/docket/california/candce/5:2013cv0...

Re: Send payouts with Stripe

#105

Post by losvedir »

Congrats on the launch!

My startup was in the private beta for this and is in the process of switching to Stripe for ACH payouts from our previous provider bill.com. The folks at Stripe are super friendly and helpful. Two thumbs up! :)

Re: Send payouts with Stripe

#106

Post by arvinds »

arvinds wrote: post #91
amfeng wrote: post #79

Earlier quoted context omitted.

Yep -- this is something we're really interested in doing as well.

How soon do you estimate having international bank transfers?

I am more interested in making international payouts and we are looking at switching to envoyservices.com from PayPal/Manual bank transfers in a couple of months and switching entirely to stripe looks attractive

Re: Send payouts with Stripe

#108

Post by jusben1369 »

silverbax88 wrote: post #73
amfeng wrote: post #69

Earlier quoted context omitted.

Which parts of the dashboard in particular? Would love to hear your feedback at amber@stripe.com!

I don't have much to complain about, but I will gather my thoughts and shoot them over. Really a huge fan of the product, though.

It's a paid add on but maybe look at DigMyData too.

Re: Send payouts with Stripe

#109

Post by [deleted] »

pc wrote: post #96
sjtgraham wrote: post #94

Earlier quoted context omitted.

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)

Agreed; this direction is unseemly. Let's just focus on the products.

[deleted]

Re: Send payouts with Stripe

#110

Post by jonpaul »

ajsharp wrote: post #83
randall wrote: post #76

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?

FWIW, Balanced has this functionality: https://www.balancedpayments.com/docs/api?language=bash#crea...

I thought ACH debits were in beta? Are they out of beta now?
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