Balanced Payouts
Web and SaaS
payouts api
SHOW HN2013
How HN took it
8 positive, 20 neutral or asking, 2 mixed, 6 critical, out of 36 comments about the project. Thread score +0.04.
Idea: 2 for, 2 againstDesign: 2 for, 1 againstPrivacy: 0 for, 2 againstDocs: 1 for, 0 againstPerformance: 0 for, 1 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Clear documentation and helpful IRC support
From 1 comment
You guys are fantastic. You documentation is clear. The fact that you all live on the IRC channels makes obtaining information and help super simple.
wheaties on HN
Simple one-command API that resembles Stripe
From 2 comments
Nice! Greatly resembles Stripe, which imo is a good thing. Look forward to using this next time I need ACH on a project.
jjbohn on HNThis is great! ACH is such a pain to deal with. This solves a real problem I have right now. I'm using Stripe for payments, but I want an easy way for me to send money via ACH.…
lancefisher on HN
Objections
Funds must be loaded into the account first, with a 3-5 day wait for incoming money
From 2 comments
So if I understand the product correctly, I have to give you the money first, wait 3-5 days, and then I can pay people? That's why there is no way to specify the source account?
joshwa on HNYeah, unfortunately we can't speed up the process for bringing money into the system like we can for sending money out (i.e. next-day deposits). You'd have to fund your Balanced…
jareau on HN
Concerns about fraud protection and misuse of bank account details
From 2 comments
This is sort of frightening. The obscurity of ACH was the only real security it had; now if I write a check, anyone who sees it can trivially withdraw whatever they want from my…
a1k0n on HNOnly to a bank account? haha and the money never comes from any bank account, huh? Again: what fraud prevention is there?
sp332 on HN
Only supports sending, not receiving payments by ACH
From 1 comment
Love the ach feature except that we need to receive payments in addition to making them. Our payment sizes are in the 5-7 figure range and checks take too long. Will you have the…
kposehn on HN
Requests
Receive payments via verified ACH
From 2 comments
Love the ach feature except that we need to receive payments in addition to making them. Our payment sizes are in the 5-7 figure range and checks take too long. Will you have the…
kposehn on HNWe're testing that functionality out right now. And trust me, we're well aware that this is a highly demanded feature. We've discussed it at length with our community on github:…
jareau on HN
Support for international payments
From 1 comment
Instant account-to-account transfers
From 1 comment
ACH is way too slow. It is really an artifact of a slow moving banking industry. Dwolla has made some limited strides with their 'Instant' product but asking new customers to go…
rabrooks on HN
Questions
How does it differ from current ACH setups like Braintree
From 1 comment
At NextProof, we use BrainTree and ACH funds to our photographers. This looks cool but I'm trying to understand how it's different/better than what we do now.
callmeed on HN
Does it support savings accounts
From 2 comments
Does this work with Savings accounts?
xxpor on HNYep. You'll notice a 'type' field on the bank account resource. You can set it to 'checking' or 'savings'…
jareau on HN
Alternatives named
Stripe Connect
From 2 comments
I believe you can send money to someone using Stripe Connect, but that would require them setting up a separate Stripe account.
jareau on HNWhy have you not been acquired by Stripe yet? This seems like a bug.
cperciva on HN
Braintree ACH
From 2 comments
At NextProof, we use BrainTree and ACH funds to our photographers. This looks cool but I'm trying to understand how it's different/better than what we do now.
callmeed on HNLast I heard, Braintree discontinued their ACH API. Are you still using it?
jareau on HN
Dwolla
From 1 comment
ACH is way too slow. It is really an artifact of a slow moving banking industry. Dwolla has made some limited strides with their 'Instant' product but asking new customers to go…
rabrooks on HN
Bitcoin sendtoaddress
From 1 comment
As an alternative to the ACH approach, Bitcoin offers this bitcoind sendtoaddress <bitcoin address> <amount> Works anywhere in the world, not just USA.
GaryRowe on HN