jareau
Joined 16 years ago
Joined 16 years ago
How would Dwolla help Square cut out the CC companies?
Hi Keith, sorry for any inconvenience this has caused you and the Storefront team. Feel free to email me if you need any help with the migration: [email protected].
I sincerely appreciate the faith you placed in Balanced. I'm sorry we couldn't keep it going, but you're in good hands with Stripe.
(Balanced co-founder)
> I don't know if Stripe or Balanced are using this feature
Yes, Balanced is. > There's no way to map debit card numbers to routing/account numbers (afaik).
You're correct. > They're probably using the ATM network primarily and another method if it's not supported.
Based on the settlement times advertised, it looks like Stripe is simply performing "unreferenced refunds" to debit cards, rather than using the various ATM networks to push funds out to cards. If they were using the ATM networks, you could expect sub-10 min settlement times.You're right.
Our API has been built, but we're giving private beta access to anyone that made prepayments via our crowdfunding campaign [1] first. Private beta will launch next week [2]. We want to make sure the performance (instant payouts & high coverage) is on par with our standards before a public release, which will happen later this summer.
[1] https://balanced.crowdhoster.com/let-s-push-to-debit-cards [2] https://www.balancedpayments.com/push-to-card
Balanced would be happy to discuss working with Venmo/PayPal as a vendor to power their push to card payouts if they're interested.