What is the best way to facilitate payouts to users bank accounts?


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What is the best way to facilitate payouts to user bank accounts?

After checking with my local bank wire-transfers are $25 each and can't be triggered programmatically. Where else should I explore for the ability to do this?

Finance Payments Bank Account

asked Nov 16 '11 at 06:34
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User1305
101 points
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2 Answers


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You should look at ACH or EFT transfers. Someone like paymentsgateway.net has a programmatic interface for transferring funds from your bank account to the users bank account. There are many interfaces to ACH it just takes some looking.

Edit: Wire transfers are typically for larger amounts of money.

answered Nov 17 '11 at 02:42
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Bluemoon
136 points

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Seriously?

After checking with my local bank wire-transfers are $25 each and can't be triggered
programmatically.

Get a bank that can deal with that for a decent price. That simple.
answered Nov 16 '11 at 07:16
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Net Tecture
11 points
  • any bank recommendations? – User1305 8 years ago

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Finance Payments Bank Account