Why we use Balanced for payments

blog.apixchange.com

46 points·jsonne··11 comments

Balanced is the underdog, but IMO they have the best product right now and for a while Stripe et al were on the back foot playing catch up.

still are

It's interesting because I never saw Balanced as an underdog. Maybe Stripe etc. have a lot of buzz right now (and rightly so they're an awesome product), but Balanced has backing from some awesome people and are a huge leader when it comes to a lot of things.

have you had to deal with chargebacks?

Honestly it's something we haven't encountered yet. I think it's in large part because we do a lot of work vetting projects on the front end before we put payment into escrow.

wells does same day ACH debits? when'd that happen?

http://blog.balancedpayments.com/introducing-balanced-same-d...

No they do same day ACH credits

Note: I work at Balanced

Speeding up ACH debits, which take 3 to 4 business days right now, is in the works.

Wells Fargo does not offer same day ACH debits, but they do offer same day ACH credits. The reason for this difference is that the risk of pulling funds from an account is much greater than pushing funds to it. That being said there is still room for us to shorten the time it takes for ACH debits to process and we are actively working on that.

I'm looking for a good solution to set up recurring payments on Shopify. I've had endless trouble with Chargify (seems to be mainly that PayPal is awful for recurring and Stripe is still in beta for them), and the other recurring payments app is still in Beta. Does Balanced have any kind of solution I could use? My email is in my profile if you'd like to discuss more.

Just emailed you!

Reply on news.ycombinator.com