News for hackers. Stuff that matters.
Re:Stripe now supports ACH payments by hrspandya on Tuesday January 12, 2016 @08:33PM (#10891733)
Have you tried Digital Checks ? https://www.checkbook.io https://youtu.be/N4X79qkEmog ? All the convenience of ACH plus work with non-ACH enabled bank accounts. Not all bank accounts are ACH enabled. Also ACH requires financial/bank info and verification from recipient and while Plaid solves it for some banks the recipient/sender may not be comfortable sharing it. Digital Checks have no such requirements. $1/Check regardless of transaction amount.
Re:Stripe now supports ACH payments by NiekvdMaas on Wednesday January 13, 2016 @01:16AM (#10892613)
Digital Checks/e-Checks are very fraud sensitive. They usually clear just 5-7 days later and I have seen cases where the merchant lost tens of thousands of dollars.
Re:Stripe now supports ACH payments by pjg on Wednesday January 13, 2016 @11:30AM (#10895464)
Digital Checks can clear overnight (just like Check21). Much faster than ACH. As for fraud the rules are no different than ACH.