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I'm designing an app, which I'd like to facilitate transactions between users. I'm looking at a few options but I'm not sure they're a good Idea

There's Stripe Connect.
Which pretty much does what I want, but they're expensive. I'm the sole developer of this app and I'm funding this with my own capitol.

I'm also looking at Ethereum's Smart Contracts But this will limit my users, and cause a problem in the future, because it will cause an issue when A user pays with ethereum and another user only accepts ACH.

I would like a simple ACH Solution, I don't mind if it takes a few days for the funds to clear, but I would prefer if the payment in the beginning is only done by taking a percentage off of the transaction occuring.

  • Stripe is probably the way to go. Why do you think it is expensive? A similar (but I don't think cheaper) option is developers.braintreepayments.com/start/hello-client/android/v1 – Yisroel Tech Aug 7 '18 at 1:42
  • @Yisroel I will have to pay 2 dollars for every active user each month plus 25 cents fee and a percentage on each transaction. I was aiming to make a dollar off of a user per transaction it seems pricey I’ll have to change all of my pricing plans etc – johnny 5 Aug 7 '18 at 2:16
  • Oh, I missed the point that the payments are between the users, and not just paid out to you :-( – Yisroel Tech Aug 7 '18 at 2:26
  • Yeah :/ regular stripe looks great but I can’t use it :( – johnny 5 Aug 7 '18 at 2:28
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Stripe Connect is actually the better-known brand for this, but as you say it can get expansive for your use-case.

Other than that are not many good options. The best one I could find is the Dwolla Facilitate option, which they describe as:

Provide the interface that allows your users to send funds to each other via Dwolla

See technical details here https://www.dwolla.com/updates/which-payment-apis-could-i-use-to-build-a-peer-to-peer-money-transfer-product/

  • For anyone else whose come to see this. Dwolla looks promising, However, they're terrible with customer relations. I've been trying to obtain a production license, they won't even respond with what the requirements are to obtain one – johnny 5 Aug 11 '18 at 0:20

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