[rmanisha]

Note: I work at Balanced

I think you mean ACH credits (payouts) and not ACH debits. The push to debits cards feature is less about the risk and all about the convenience.

The process of collecting bank account information from sellers/merchants has proven to be cumbersome for our customers for three reason: 1. People rarely have their checkbook on hand 2. People are less willing to provide that information (Whereas people are more comfortable giving out debit card information since they can always change the debit card number as an added security. It is also much easier to file a chargeback on a debit card transaction) 3. Bank account information cannot be validated in real time thus, increasing payout delays cause by typos.

I may have completely missed the mark on your question, if so please correct me.

[tomasien]

Not at all, I get it. This, and I'm just trying to give feedback, wasn't a very well written article for someone who doesn't already understand the problem. After I understood the problem, the post was much, much easier to understand.

If you'd like a method for processing ACH where those three things aren't a problem, gimme a holler - [e-mail]