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Earlier quoted context omitted.
Balanced is offering a white-labeled API. Square Cash is a branded consumer product. The mechanism of paying people using their debit cards is the same.
Any chance you can make it so I can send the balance of a debit card to another debit card, or bank account for $1?
Too 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 !
We are actively working on that, too: https://www.balancedpayments.com/international-payments
Earlier quoted context omitted.
Any chance you can make it so I can send the balance of a debit card to another debit card, or bank account for $1?
What is the use case?
Sort of like how gas stations have a higher price for credit card payments versus debit card payments.
It seems to me like you guys already have a system to map debit card numbers to bank accounts, so this should technically be possible as an ACH transfer. No?
Too 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 !
We are actively working on that, too: https://www.balancedpayments.com/international-payments
The 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.
Any funds pulled out of your account can be returned by a trip to the bank and signing an affidavit.
The only difference is the inconvenience of having to physically go into the bank to reverse the payment.
Earlier quoted context omitted.
What is the use case?
If a customer wants to pay with a debit card, I want to avoid paying the credit card percentage fees. Sort of like how gas stations have a higher price for credit card payments versus debit card payments. It seems to me like you guys already have a system to map debit card numbers to bank accounts, so this should technically be possible as an ACH transfer. No?
That's not the way we're doing it. I've tried to find such a system, but AFAIK, it's not possible.
Earlier quoted context omitted.
We are actively working on that, too: https://www.balancedpayments.com/international-payments
Steve, is this launching to everyone "around May 22nd" or going into beta? If it's going into beta, I'd love to be on the list.
Earlier quoted context omitted.
We are actively working on that, too: https://www.balancedpayments.com/international-payments
It's the only thing we're waiting on to switch to Balanced. We talked to you guys before about that (my co-founder, Adam, from Binpress) and it seemed to be progressing but then it stalled. Looking forward to May 22
I found these two articles: http://www.crowdfundinsider.com/2014/01/30651-balanced-uses-... http://techcrunch.com/2014/01/24/balanced-crowdfunding-produ...
I think I'm most interested in balanced using crowd funding to raise money for implementing new features. Raising $50k to create a product that allows them to charge $1/use. Are there any posts from balanced about this method of getting things done? I found these two articles: http://www.crowdfundinsider.com/2014/01/30651-balanced-uses-... http://techcrunch.com/2014/01/24/balanced-crowdfunding-produ...
This is the first time we've done this, so we haven't written a lot about it yet because the feature hasn't actually shipped.
I will also say that the money was more in the theory of lean than actually paying for the development of the feature. We wanted to gain feedback and see if our customers would actually use this feature.