Payments · Payroll

What's the best way to programatically payout to bank accounts?

Jeremy Penrod Founder and CEO at Hue & Stripe

September 13th, 2015

Since Stripe is deprecating it's "transfers" API, we've been left looking for a good alternative to just sending payouts via PayPal.  We operate a marketplace with 1099 contractors, but pay out earnings every 3 months.  How can we streamline this process?

Tim Child CTO at EARN.org

September 13th, 2015

EARN.org  needed an ACH2 payment vendor with an API.  We evaluated Forte Payments and FirstACH. 

https://www.forte.net
http://www.firstach.com

 Both provide an API  that works. We ended up using Forte.

Aleksandra Czajka

September 14th, 2015

Jeremy,

Check out:

www.dwolla.com/
wepay.com/

Not sure JustWorks.com has an API but I love using them with clients because paying contractors is free. They take no percentage. PayPal is just a huge rip off. 

Best,
Aleks

Geoffrey Ludt Owner

September 13th, 2015

I run a payroll service that uses an Intuit backend it will not only run the transfers but also issue 1099's.

Jeremy Penrod Founder and CEO at Hue & Stripe

September 14th, 2015

Thanks, all, for sharing your experiences and suggestions.

@Tim Child How have you found the Forte API & support so far?  We'd been exploring them, but don't see too much in the press.

Tim Child CTO at EARN.org

September 14th, 2015

The API is comprehensive,  and it makes ACH2 payments. The error codes are many and mysterious. We don't know which ones will be prevalent, are therefore how to  invest in dealing with them. 

Nitin Agarwal VP Business Development and Marketing

September 13th, 2015

You can also sign up on mychoicepreferred.com and pay on a prepaid card. You can also get API access and streamline the process. If you need help feel free to contact me at nitin@wavecrest.gi ᐧ

Nitin Agarwal VP Business Development and Marketing

September 14th, 2015

Jeremy,  We can also provide you with a global payout card.  Our website for that is www.mychoicecorporate.com  Please let me know if you are interested and I shall set up some time to demo this to you.  Thanks,  Nitin