Hacker News Reader

hmmm if you can transfer money into your merchant account then transferring money into someone else's account should be straight forward but that's not the case. I would suggest pay-pal but transferring money into someone's bank account would actually take 3-5 working days from it so that sucks...but yes you are right pay pal is the only way...

View on HN

Thank you! Yes!

It seems insane to me.

I mean, I can see how it would cause all kinds of money-laundering headaches to regulators, but that had better not be the reason. Because money launderers can already operate with near-absolute impunity (their problems are more organizational, scaling their methods while keeping them under the radar).

There's got to be a bank out there that offers an API like this, but I wonder what the entry point looks like, cost-wise.

Man. This seems like an obviously stupid thing. There should be more options than Paypal.

edit: okay, going offline for next week. Will check back next Tuesday.

Reply on news.ycombinator.com