Payments Startup Balanced (YC W11) Is Processing $370M a Year

Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by harrisreynolds on Thursday January 16, 2014 @02:47PM (#7072019)

Correct. Stripe can do ACH payouts (credits) but cannot pull money from a bank account for a payment (ACH debit).

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Re:Payments Startup Balanced (YC W11) Is Processing $370M a ... by theflyingkiwi42 on Friday January 17, 2014 @05:34PM (#7078924)

You can also not fund stripe to do ACH payments. So if you have your own merchant account with much lower rates, you cannot use Stripe to pay out.

You can with Balanced, which is awesome (in theory).

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