Why We Switched From Stripe To Balanced

Re:Why We Switched From Stripe To Balanced by dangrossman on Friday March 01, 2013 @03:39PM (#5306814)

Do they? Balanced Payouts offers same-day ACH. Do funds captured from credit cards with Balanced Payments instantly enter a balance to fund an outgoing ACH with Balanced Payouts? Credit card transactions don't settle instantly, they're typically batched nightly M-F. I would be surprised to hear they let you withdraw money they don't even have in hand yet.

[ Parent | on HN ]

Re:Why We Switched From Stripe To Balanced by icelancer on Friday March 01, 2013 @03:59PM (#5306914)

[12:58] <kyleb_> Do you offer next-day payouts for credit card purchases?

[12:58] <@jacobolus> kyleb_: yes, assuming I'm understanding you correctly

[12:59] <@jacobolus> kyleb_: payouts go to bank accounts, and are next business day or same-day with wells fargo bank accounts

[12:59] <kyleb_> I think so. Customer purchases $100 worth of things using a Visa on the website at noon PST. Those funds are disbursed to a bank account via ACH on the next day?

[12:59] <@jacobolus> kyleb_: yep

[12:59] <kyleb_> OK perfect. I wasn't sure if it was bank payments only that were processed next-day, or if credit cards were processed as well next-day

[12:59] <kyleb_> Thanks a lot!

[ Parent | on HN ]

Re:Why We Switched From Stripe To Balanced by mahmoudimus on Friday March 01, 2013 @04:35PM (#5307089)

We allow you to do this.

[ Parent | on HN ]