Ask HN: How to Send Money to Users?
How can I send money to users (much like how Patreon sends money to their creators)?
Payment gateways don't seem to cater to this - except Stripe which only supports US debit cards.
Payment gateways don't seem to cater to this - except Stripe which only supports US debit cards.
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).
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.
2. Only use licensed ones! Spotted this one operating in us: https://www.dwolla.com/
There'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's tedious but it meets anti-money laundering and gambling regulations.