Ask HN: How do you build a payments app like Venmo?

Re:Ask HN: How do you build a payments app like Venmo? by idax on Wednesday May 02, 2018 @10:31PM (#16982934)

Any payments developers out there? What does it take to connect to different banking systems to transfer funds and how do you go about it?

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Re:Ask HN: How do you build a payments app like Venmo? by masudrhossain on Friday May 04, 2018 @01:38AM (#16992439)

Building from scratch or using an API?

You can use plaid.com for that. It also integrates with stripe.com pretty well too.

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Re:Ask HN: How do you build a payments app like Venmo? by idax on Friday May 04, 2018 @01:27PM (#16996363)

Plaid seems like an incredible company, going this route would save a huge amount of engineering initially, but would cut into revenues. I might explore this further. Thanks!

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Re:Ask HN: How do you build a payments app like Venmo? by idax on Friday May 04, 2018 @01:08PM (#16996185)

Ideally building from scratch because the platform relys on taking a small percentage of each transaction for revenue.

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Re:Ask HN: How do you build a payments app like Venmo? by pepper_sauce on Friday May 04, 2018 @06:24AM (#16993475)

If you're in the EU, read up on PSD2. It's opening up payments significantly.

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Re:Ask HN: How do you build a payments app like Venmo? by idax on Wednesday May 09, 2018 @02:36PM (#17032552)

US Based, but I read an article about it. Pretty interesting.

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