Balanced Payments' implementation[0] recently went into private beta. Interesting to note that between Stripe and Balanced, their fees are typically the same, however an important difference here is that Balanced is charging $1.00 versus 25c at Stripe.<p>[0] <a href="https://www.balancedpayments.com/push-to-card" rel="nofollow">https://www.balancedpayments.com/push-to-card</a>
Wow this is awesome. I recently decided to go with Stripe, and this news is only adding on to the positive experience I've had so far. Great work Stripe team, keep it up!
Why don't Balanced and Stripe work together on these features? I understand that they're competitors, but it seems as though we've got good engineers in both companies needlessly duplicating effort. Why not work together to provide this feature and spend that limited engineering time, expertise, and innovation on the things which differentiate the service? Stripe and Balanced aren't direct competitors, I think - why not work together on the common ground and use the time saved to make the differences really shine?<p>[I think I'm being overly utopian, but I don't understand why. Can someone explain it to me?]
I was excited when I read about this when Balanced launched their beta of this same feature, and I'm equally as excited to read about it WRT Stripe. The competition in this space has provided some wonderful innovations in a very short period of time.<p>I had to do some integration with Authorize.net some months ago and had terrible flashbacks to the late 90's / early 00's when they were the only real player in the game for self-hosted checkouts. Reading Authorize.net documentation does not invoke happy feelings.
I wonder if banks will close this loophole where anyone can effectively "refund" a debit card as a negative cash transaction. (that is without a matching purchase transaction).<p>I saw an option to 'send cash' on Hangouts the other day so I presume Google is A/B testing this as well. (Don't get me started on the notion of hangouts where you can send the other person cash, it seems a bit too attractive to the webporn crowd).
Amazing to see this feature roll out at Balanced and now Stripe. The main reason many of my friends don't like using Venmo and related apps is the burden of putting in your bank account and routing numbers (not even the security worry, just the effort it takes!).
"Just like sending funds to bank accounts, a transfer to a debit card costs 25¢ and will arrive in the card’s bank account in 1-2 business days. As always, you’ll need to verify your recipient’s identity.<p>While we can only support U.S. Visa and MasterCard debit cards at the moment, we’re actively working to bring our transfers API to our users in other countries."<p>.... uhm or just use bitcoin ...