Send money to a customer’s checking account using their debit card number
balancedpayments.com
Send money to a customer’s checking account using their debit card number
1–10 of 70 posts
Re: Send money to a customer’s checking account using their debit card number
#2I struggled with coming up with a title. This is way better, dang, thank you.
Re: Send money to a customer’s checking account using their debit card number
#3The sensitivity of the traditional bank account and sort number combination is totally backwards, at least in the uk, the only things you can do with a sort code and account number is pay in funds (or set up a direct debit but that's why the direct debit guarantee requirement exists). I'd feel uncomfortable extending my data exposure with my card number when I just want to receive funds.
Re: Send money to a customer’s checking account using their debit card number
#4I struggled with coming up with a title. This is way better, dang, thank you.
Don't worry, it seems Balanced did as well ;-)
Re: Send money to a customer’s checking account using their debit card number
#5Can I use this to pay my employees and contractors instead of using a ACH direct deposit service?
Re: Send money to a customer’s checking account using their debit card number
#6Can I use this to pay my employees and contractors instead of using a ACH direct deposit service?
yep!
Re: Send money to a customer’s checking account using their debit card number
#7Can I use this to pay my employees and contractors instead of using a ACH direct deposit service?
yep!
Well done guys! Question though, if a debit can settle out of my checking account through my debit card (ie my Simple account) in minutes at a traditional merchant (gas station), why do you credits take 1-2 days to settle?
Re: Send money to a customer’s checking account using their debit card number
#8Great to see you guys continuing to add new ways to move money.
Re: Send money to a customer’s checking account using their debit card number
#9Too bad that neither Balanced nor Stripe support sending money to people/companies that are not based in U.S. I guess I will have to wade through the Paypal Api !
Re: Send money to a customer’s checking account using their debit card number
#10Earlier quoted context omitted.
yep!
Well done guys! Question though, if a debit can settle out of my checking account through my debit card (ie my Simple account) in minutes at a traditional merchant (gas station), why do you credits take 1-2 days to settle?
(ceo of Balanced)
Under promise. Over deliver. That's the best way to answer that. :-)
We have partnerships and direct ATM network integrations to clear in real-time for ~55% of debit cards. I didn't want to promise that until we've done enough volume to see that clearing time for ourselves instead of basing it what our partners have communicated to us. Once I have enough data/proof, I'll update the language to reflect the faster speed.