idax
idax on Hacker News
US Based, but I read an article about it. Pretty interesting.
Don't be afraid to reach out! Looking for ambitious developers ready to work for themselves and build a team!
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!
Ideally building from scratch because the platform relys on taking a small percentage of each transaction for revenue.
Thanks for this. That link is extremely helpful and goes in depth to the ACH Networks from a developers perspective. Cheers!
Posted by
idax on Wednesday May 02, 2018 @10:52PM
from the self-post dept.
Airow - Fast business payments.I'm starting a B2B payments company addressing the $17.1 trillion a year US market that is massively under served and outdated. 50% of business transactions still occur using checks!I want to approach this segment with a robust platform. Think Venmo transactions meets cloud collaborative invoicing, slack channel communications and more.I'm looking for a bright...
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?
Posted by
idax on Wednesday May 02, 2018 @09:03PM
from the ask-hn dept.
I understand the MSB MTL side of the business and the regulatory barriers of entry, but how difficult is it to create a payments application that allows businesses to perform Bank Transfers and Credit/Debit transfers between two parties?
I feel like this is a really hasty product decision based on the continually poor PR raining down on Facebook. Nobody cares that the highest level executive cleared old messages (From 2010) to protect himself and the company for security reasons. This seems like a really weird move to try and please the public on an unassociated data privacy war.
Sooo, can I still cross reference customers from my database to see if they are influenecers on instagram or does GET /users/{user-id} and GET /users/self/followed-by ruin that?
Its Act 20 act 22. Basically, you can avoid paying personal income tax and capital gains by becoming a resident of Puerto Rico (I.E. living there for a documented 183 days out of the year). Also incorporating in PR and hiring at least 2 locals you will qualify you for substantial benefits as well. It's honestly one of the best places to be as an investor or anyone starting an internet based company from a tax savings and financial standpoint.
$1 Billion in REVENUE, not volume transacted. They transacted $681,271,650 USD in the last 24 hours alone.