Re:Balanced payments is shutting down
by bkrausz on Friday March 13, 2015 @05:26PM
(#9200188)
Stripe has an ACH beta we're letting all Balanced customers into.
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Re:Balanced payments is shutting down
by chrisduesing on Friday March 13, 2015 @06:21PM
(#9200455)
We're a marketplace that uses Balanced's ACH + escrow for moving money between buyers and sellers. I am glad to hear you will be supporting this on Stripe, but since I only have 90 days to migrate when will api/ruby support be ready and where can we find docs?
Perhaps the docs are available as soon as I migrate? I am hesitant to start that process until I have code written to support Stripe. I don't want to end up with my data on Stripe going stale while I am still using Balanced to move money. Of course I am only assuming that scenario is what would happen, the announcement is pretty thin on details.
The Ruby bindings already support ACH via the "source" parameter (see https://stripe.com/blog/unifying-payment-types-in-the-api). We're putting the finishing touches on a guide to make migrating code from Balanced to Stripe as easy as possible: it should be out soon.
I emailed Stripe this week and got turned down.
Should I email again?
Balanced will be providing a link to migrate your account over to Stripe. This will automatically enable ACH for that migrated account.
If you want to migrate into an existing account you should email [email protected], they can help you out and make sure we put the right settings onto your account.
Re:Balanced payments is shutting down
by HalfLifeDM on Saturday March 14, 2015 @11:20AM
(#9202884)
Check out Forte Payments. That's who Balanced was using for their ACH processing.
I contacted forte a while ago when i was considering switching from balanced - Their prices were higher than balanced offered:
$19.95 a month for ACH/E-Check $.24 per check verification $.25 per ACH transaction $2.00 Per rejected item fee for ACH Customer Support & Training Included Free Recurring Transaction Manager
How can we get in touch about this?
By default [email protected] can help you out, since they have more info on your account. If you have questions that you'd rather direct my way, feel free to ping me at [email protected]
Thank you so much!
What's the cost?
Since it's still in beta we haven't solidified the cost yet. Feel free to reach out to [email protected] if you wanted to discuss pricing for your account. We're honoring existing Balanced pricing, so it'll be at least as cheap as what you're currently paying :).