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Ask HN: How to Send Money to Users?

11 pointsby Jackypotabout 6 years ago
How can I send money to users (much like how Patreon sends money to their creators)?<p>Payment gateways don&#x27;t seem to cater to this - except Stripe which only supports US debit cards.

10 comments

ian0about 6 years ago
It really depends on who you are sending money to. Assuming your sending to people with bank accounts a remittance service would work, like transfer-to (recently renamed Thunes) [1] and EMQ (sea only) [4]. There are several services like this, and its how mobile wallets and remittance agents (electronic ones) send cash. You may need several to provide maximum coverage if operating globally.<p>Each country also has their own remittance providers [2] so if you are serving a specific country it would be worth digging to find out who has the best APIs. Mastercard has a service [3] that supports 80 countries but your recipients require a card. Note if your recipient is a business with an EDC machine there is a nifty way to send them cash using MC VCNs (what some global hotel booking sites use).<p>Most remittance providers now send to wallets in addition to bank accounts, which can be used to send cash to non-banked users. Though in practice this could be a pain for them and coverage is limited and the mobile wallets vary in quality and KYC restrictions.<p>1. <a href="https:&#x2F;&#x2F;www.thunes.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.thunes.com&#x2F;</a><p>2. Only use licensed ones! Spotted this one operating in us: <a href="https:&#x2F;&#x2F;www.dwolla.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.dwolla.com&#x2F;</a><p>3. <a href="https:&#x2F;&#x2F;developer.mastercard.com&#x2F;product&#x2F;mastercard-send" rel="nofollow">https:&#x2F;&#x2F;developer.mastercard.com&#x2F;product&#x2F;mastercard-send</a><p>4. <a href="https:&#x2F;&#x2F;www.emq.com&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.emq.com&#x2F;</a>
tmalyabout 6 years ago
I think you might have to consider getting licensed for something like this in the US. There are all sorts of AML regulations for money transmitters.
muzaniabout 6 years ago
If it&#x27;s something like refunds, the common approach is to have some ewallet with credits and track how much you owe them.<p>There&#x27;s a popular mobile game show here that does that. Once you win $50 or some treshhold, they let you cash out, which is handled through a manual process. It&#x27;s tedious but it meets anti-money laundering and gambling regulations.
ArtWombabout 6 years ago
Actually, how to send money to end users at scale is a terrific problem. Scenario is something like you run a federated &quot;micro-work&quot; site and you want to compensate ~1M. Ideally, what we want is something like Square Cash for small business with an API.
deanalevittabout 6 years ago
Fiverr sends money via PayPal, bank transfer or a Fiverr Revenue Card which looks to be powered by Payoneer.
halfnibbleabout 6 years ago
This is an excellent question. I have yet to discover a good API based method. Let me know if you find one.
cimmanomabout 6 years ago
PayPal has an API for this that IIRC isn’t just tied to PayPal funny money accounts.
dfischerabout 6 years ago
Crypto :)
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Nextgridabout 6 years ago
TransferWise has a payouts API.
smartis2812about 6 years ago
PayPal?