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Comment by adamfeldman | Hacker News Reader

Amazing to see this feature roll out at Balanced and now Stripe. The main reason many of my friends don't like using Venmo and related apps is the burden of putting in your bank account and routing numbers (not even the security worry, just the effort it takes!).

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Afaik, Balanced don't have debit card payouts publicly available, they only have a landing page which is 'accepting applications'.

(Balanced co-founder here)

You're right.

Our API has been built, but we're giving private beta access to anyone that made prepayments via our crowdfunding campaign [1] first. Private beta will launch next week [2]. We want to make sure the performance (instant payouts & high coverage) is on par with our standards before a public release, which will happen later this summer.

[1] https://balanced.crowdhoster.com/let-s-push-to-debit-cards [2] https://www.balancedpayments.com/push-to-card

It actually works in our test API for anyone. Check it:

Make a card:

    $curl https://api.balancedpayments.com/cards \
      -u ak-test-2qEM0Znvd8LIVbZ01LbFHvHgab4fkNr3c: \
      -d name="Johannes Bach" \
      -d number=4342561111111118 \
      -d expiration_month=05 \
      -d expiration_year=2017

The 'credit' link in the response is that comes back is '/cards/CC2mEWYlYvod2E1w3TJHOiGh/credits'. So we push:

    $ curl https://api.balancedpayments.com/cards/CC2mEWYlYvod2E1w3TJHOiGh/credits \
      -u ak-test-2qEM0Znvd8LIVbZ01LbFHvHgab4fkNr3c: \
      -d amount=10000

We will turn it on _in production_ for people in the beta period. Some customers have already integrated it in test!

How about Square Cash then? I was quite impressed to see them use only a debit card number to receive cash.

Square Cash is a consumer product. Stripe and Balanced are offering that functionality as an API.

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