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A comment on Send money to a customer’s checking account using their debit card number. Parent comment

Re:Send money to a customer’s checking account using their d... by mtamizi on Thursday May 15, 2014 @05:11PM (#7752272)
Balanced is offering a white-labeled API. Square Cash is a branded consumer product.

The mechanism of paying people using their debit cards is the same.

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Re:Send money to a customer’s checking account using their d... by vinhboy on Thursday May 15, 2014 @05:18PM (#7752310)
Any chance you can make it so I can send the balance of a debit card to another debit card, or bank account for $1?
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Re:Send money to a customer’s checking account using their d... by mtamizi on Thursday May 15, 2014 @05:20PM (#7752319)
What is the use case?
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Re:Send money to a customer’s checking account using their d... by vinhboy on Thursday May 15, 2014 @05:24PM (#7752336)
If a customer wants to pay with a debit card, I want to avoid paying the credit card percentage fees.

Sort of like how gas stations have a higher price for credit card payments versus debit card payments.

It seems to me like you guys already have a system to map debit card numbers to bank accounts, so this should technically be possible as an ACH transfer. No?

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Re:Send money to a customer’s checking account using their d... by mtamizi on Thursday May 15, 2014 @05:36PM (#7752394)
> It seems to me like you guys already have a system to map debit card numbers to bank accounts, so this should technically be possible as an ACH transfer. No?

That's not the way we're doing it. I've tried to find such a system, but AFAIK, it's not possible.

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