That sucks. They were the only people in the payments industry that could (or would) do same-day transfers to your bank account. The best Stripe will do is a 2 day rolling schedule.
Stripe does that now too which may have contributed to this.
Balanced payments is shutting down
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Re: Balanced payments is shutting down
#12Stripe cofounder here. I just wanted to tip our hats to the folks at Balanced. Stripe and Balanced have certainly competed against each other in the marketplace space for a few years, but we have a lot of respect for how Matin and his team executed with creatively and determination. While we're of course glad Balanced decided that migrating to Stripe was the best thing for their users, today is kinda bittersweet for us.
Re: Balanced payments is shutting down
#13[deleted]
Re: Balanced payments is shutting down
#14[deleted]
Re: Balanced payments is shutting down
#15It's too bad. Balanced was the only service of it's kind to provide ACH payments. Hopefully Stripe or Braintree will pick up this feature.
Re: Balanced payments is shutting down
#16The inability to transfer funds into Stripe makes it hard to use it as a payouts mechanism like you can with Balanced.
Re: Balanced payments is shutting down
#17That sucks. They were the only people in the payments industry that could (or would) do same-day transfers to your bank account. The best Stripe will do is a 2 day rolling schedule.
Stripe does that now too which may have contributed to this.
How do you get that to happen? There is nothing in the docs about it.
Re: Balanced payments is shutting down
#18Sad to hear this news. I had a wonderful time at Balanced. Payments is a very, very hard space, business-wise. All my best to my former co-workers.
ACH(Balanced) is unprofitable if it doesn't have massive volume (fixed$/trans) . CC(Stripe) is more profitable - %rates are toggled.
Re: Balanced payments is shutting down
#19[deleted]
From where I sit... that's 90 days.
Re: Balanced payments is shutting down
#20That's sad. I haven't used their product but I remember them fondly for their excellent blog post about their rigorous unit testing and continuous deployment methodology.
http://blog.balancedpayments.com/balanced-payments-operation...