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Is there any way to use this as a consumer replacement to things like PayPal/Venmo? It can be really frustrating to have to wait a few days for payments to clear.

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Square Cash does this exact thing. Uses an app or via email, deposits via debit card number, and has no fees. No idea how it works, but it's how most of my friends send me money. https://square.com/cash

Yeah, for square the user can use debit card info or routing/account info. It appears that square has designed the onboarding UI to strongly favor debit cards, but there is a little link in there to account instead.

The really curious thing, however, is that no matter which one you choose, the transactions appear to be debit.

I'm pretty sure I signed up with an account number, but all the transactions in and out of my account are debit transactions.

FWIW, chase online clearly report either "ACH {Credit,Debit}" or "Debit Card Transaction"

(Balanced co-founder here)

Balanced would be happy to discuss working with Venmo/PayPal as a vendor to power their push to card payouts if they're interested.

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