[itsthisjustin]

Well it's not for ecommerce for one thing. So fraud will be a lot less just in terms of use case here. This is individuals and companies are paying invoices for services rendered. There's not an area where a fraudster would gain a lot from a fraudulent payment. The ACH Payment system I'm using is also FDIC insured up to 250k.

[0xEFF]

Is this for real? I just started a consulting business and have been searching for a good, inexpensive way to receive relatively large payments on my invoices. How are you going to make money? Is this good up to $50K?

EDIT: I just tried to sign up, and this seems really scammy. You need a photo ID uploaded, along with my bank account details? How do I have any assurance you're not going to drain my bank account?

[itsthisjustin]

Interesting you find that scammy. It is for real though. I'm a consultant and it's been a real pain trying to collect large payments without getting killed on fees. The information is required by law by the patriot act for any bank transfers done over the internet. I can't get around it. It's required by law and by my ACH provider.

[0xEFF]

I hear you. I'm not saying it _is_ scammy, just saying my scam-radar pinged pretty loudly.

I'm all for ease-of use, but the flow went:

* Ah, a new service I could use!

* Sign up, cool, that was easy. Just needed my email.

* Verified my email with the 6 digit code, that's cool, sorta like Square.

* Sign in... Verify identity... OK, that makes sense. Hang on a tick, you want a copy of my ID? That's the first thing I'm asked for? Who's asking?

It's the who's asking bit that made me stop in my tracks.

I'm in the same boat and have eaten the high fees in order to get paid quickly when I was first starting out. It's a great service, if it's for real...

[itsthisjustin]

Also if it didn't get your bank account details? How would the system pay you? Haha