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Payments Startup Balanced (YC W11) Is Processing $370M a Year

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Re: Payments Startup Balanced (YC W11) Is Processing $370M a Year

#21

Post by icelancer »

zende wrote: post #20
icelancer wrote: post #18

As I continue to say in these threads (and it's been a long time), Balanced has terrible third-party support while Stripe dominates them. We have this ridiculous non-overlapping issue with payment processors: Balanced - Same day payouts (!) to WF, next-day to anyone else. ACH processing. Documentation isn't great. Third-party support is horrible. (Tickets are open on my [relatively popular] software of choice and hav…

(ceo of balanced) > Tickets are open on my [relatively popular] software of choice and have been for months; no timetable has been set.) I'm sorry to hear that. What software would you like to see Balanced support?

This was opened 11 months ago:

https://github.com/balanced/balanced-api/issues/268

But it appears it was updated just yesterday by someone with WP experience, so maybe it will be done soon? Would love to test it out.

Re: Payments Startup Balanced (YC W11) Is Processing $370M a Year

#22

Post by remear »

icelancer wrote: post #18

As I continue to say in these threads (and it's been a long time), Balanced has terrible third-party support while Stripe dominates them. We have this ridiculous non-overlapping issue with payment processors: Balanced - Same day payouts (!) to WF, next-day to anyone else. ACH processing. Documentation isn't great. Third-party support is horrible. (Tickets are open on my [relatively popular] software of choice and hav…

Hi! I work on the documentation for Balanced. I'd love to hear your feedback. What do you not like? What would you like to see us improve? What do you like about Stripe's docs? I'm currently working on updated documentation and welcome any feedback you have. https://docs.balancedpayments.com/1.1/overview/

Re: Payments Startup Balanced (YC W11) Is Processing $370M a Year

#23

Post by [deleted] »

icelancer wrote: post #21
zende wrote: post #20

Earlier quoted context omitted.

(ceo of balanced) > Tickets are open on my [relatively popular] software of choice and have been for months; no timetable has been set.) I'm sorry to hear that. What software would you like to see Balanced support?

This was opened 11 months ago: https://github.com/balanced/balanced-api/issues/268 But it appears it was updated just yesterday by someone with WP experience, so maybe it will be done soon? Would love to test it out.

[deleted]

Re: Payments Startup Balanced (YC W11) Is Processing $370M a Year

#26

Post by acchow »

icelancer wrote: post #18

As I continue to say in these threads (and it's been a long time), Balanced has terrible third-party support while Stripe dominates them. We have this ridiculous non-overlapping issue with payment processors: Balanced - Same day payouts (!) to WF, next-day to anyone else. ACH processing. Documentation isn't great. Third-party support is horrible. (Tickets are open on my [relatively popular] software of choice and hav…

Square has an API to access data:

https://connect.squareup.com

Re: Payments Startup Balanced (YC W11) Is Processing $370M a Year

#27

Post by jeffblake »

Stripe, Balanced, Braintree, etc all look like much better technical solutions (Apis, ease of integration) than what I use currently, but the pricing is SO prohibitive! Are there any plans for these guys to do Interchange+ pricing, and lower per txn down to a reasonable 10c? At the end of the day, payment processing is a commodity and I'll gladly do the extra work it takes to integrate with a cheaper processor.

Re: Payments Startup Balanced (YC W11) Is Processing $370M a Year

#28

Post by icelancer »

acchow wrote: post #26
icelancer wrote: post #18

As I continue to say in these threads (and it's been a long time), Balanced has terrible third-party support while Stripe dominates them. We have this ridiculous non-overlapping issue with payment processors: Balanced - Same day payouts (!) to WF, next-day to anyone else. ACH processing. Documentation isn't great. Third-party support is horrible. (Tickets are open on my [relatively popular] software of choice and hav…

Square has an API to access data: https://connect.squareup.com

But not to charge cards.

Re: Payments Startup Balanced (YC W11) Is Processing $370M a Year

#29

Post by collision »

loceng wrote: post #19
icelancer wrote: post #18

As I continue to say in these threads (and it's been a long time), Balanced has terrible third-party support while Stripe dominates them. We have this ridiculous non-overlapping issue with payment processors: Balanced - Same day payouts (!) to WF, next-day to anyone else. ACH processing. Documentation isn't great. Third-party support is horrible. (Tickets are open on my [relatively popular] software of choice and hav…

Stripe will have no motive to start doing same-day payments as long as they are dominating in different areas - the interest they collect on the money for those 7 days is quite valuable.

We don't collect interest on customer funds and -- if you run the numbers -- it wouldn't be of any significant value if we did.
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