Afaict, the really new thing Balanced is doing that I haven't seen anywhere else is programmatically authorizing merchant accounts. Is anyone else doing that?
There's three main things marketplaces have expressed that they like about Balanced: 1. Compliance. This includes PCI and the ability to underwrite merchants through the API 2. Payouts. Depositing money in a merchant's bank account the next business day and having full control over when you issue the deposit. With this launch, we made it easier for marketplaces to use us just for payouts—something we saw existing customers doing 3. Taxes. We handle the tax reporting for the merchants
There's no one else that provides any of the three above.