As I continue to say in these threads (and it's been a long time), Balanced has terrible third-party support while Stripe dominates them.
We have this ridiculous non-overlapping issue with payment processors:
Balanced - Same day payouts (!) to WF, next-day to anyone else. ACH processing. Documentation isn't great. Third-party support is horrible. (Tickets are open on my [relatively popular] software of choice and have been for months; no timetable has been set.)
Stripe - Infinitely better documentation. Easier implementation. Outstanding third-party support. Crazy good APIs. Seven-day rolling payments (sigh).
Square - Next-day processing. Physical dongle. Easy to use web store. No APIs (for fuck's sake).
It's like each company looks at one another and figures out a way to best frustrate segments of the market, ensuring that no one provider can handle it all.
As for me, I put through low-mid six figures through Stripe and Square but I'd switch to Balanced if they would engender better support amongst third-party providers. Stripe has worked with me to cut payout speed, but it's not anywhere close to Square/Balanced. And if Square opened up their APIs, I'd leave everyone behind assuming third-party support was there.
Yeah, these guys are all better than Paypal/Authorize.net, but good god figure it out, please.
Hi! I work on the documentation for Balanced. I'd love to hear your feedback. What do you not like? What would you like to see us improve? What do you like about Stripe's docs? I'm currently working on updated documentation and welcome any feedback you have. https://docs.balancedpayments.com/1.1/overview/
Stripe will have no motive to start doing same-day payments as long as they are dominating in different areas - the interest they collect on the money for those 7 days is quite valuable.
We have this ridiculous non-overlapping issue with payment processors:
Balanced - Same day payouts (!) to WF, next-day to anyone else. ACH processing. Documentation isn't great. Third-party support is horrible. (Tickets are open on my [relatively popular] software of choice and have been for months; no timetable has been set.)
Stripe - Infinitely better documentation. Easier implementation. Outstanding third-party support. Crazy good APIs. Seven-day rolling payments (sigh).
Square - Next-day processing. Physical dongle. Easy to use web store. No APIs (for fuck's sake).
It's like each company looks at one another and figures out a way to best frustrate segments of the market, ensuring that no one provider can handle it all.
As for me, I put through low-mid six figures through Stripe and Square but I'd switch to Balanced if they would engender better support amongst third-party providers. Stripe has worked with me to cut payout speed, but it's not anywhere close to Square/Balanced. And if Square opened up their APIs, I'd leave everyone behind assuming third-party support was there.
Yeah, these guys are all better than Paypal/Authorize.net, but good god figure it out, please.