mtamizi

6 ms·

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AMA for “The Underdog Founder” by Edrizio de La Cruz (YC S13)
3 points by mtamizi 3y ago|0 comments
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by mtamizi 3y ago
Ask questions of YC alum (S13) and ex-Visiting Partner, Edrizio de la Cruz. He’s publishing his new book, The Underdog Founder, on September 19th where he shares his odyssey from when he sold guavas in his Dominican barrio all the way to wh
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by mtamizi 10y ago
It's one thing to rely on phone numbers for authentication, it's yet another to store the messages. The same scenario on WhatsApp would have given the attacker access to the account but not the message history, which is presumably
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by mtamizi 12y ago
You can start the migration process and continue to use Balanced. Your existing cards, bank accounts, and seller data will be ported to Stripe, and all new cards, bank accounts, and sellers that you create on Balanced will be mirrored on St
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by mtamizi 12y ago
"I have sufficient funds in my marketplace" is defined here: https://github.com/balanced/balanced-api/blob/master/feature... Given(/^I have sufficient funds in my marketplace$/) d
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by mtamizi 12y ago
Here's an example of how we do it: The scenario: https://github.com/balanced/balanced-api/blob/master/feature... : Scenario: Push money to an existing debit card Given I have sufficient funds
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by mtamizi 12y ago
It feels so good to see some of the comments here and elsewhere on our approach at Balanced. I've been trying to put this process/system in place for close to two years now. Steve was finally able to make it possible where I could
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by mtamizi 12y ago
The challenge we had with that approach was being able to reference the response of a previous request. As a simple example: 1. Create customer 2. Add tokenized card to customer 3. Charge the card Step 2 requires the HREF/ID of the cus
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by mtamizi 12y ago
There's a few differences: 1. You have to hunt down a check or track down your account number and routing number from your bank where you have your debit card in your wallet. 2. We've found that customers are more skittish to shar
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by mtamizi 12y ago
> It seems to me like you guys already have a system to map debit card numbers to bank accounts, so this should technically be possible as an ACH transfer. No? That's not the way we're doing it. I've tried to find such a s
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by mtamizi 12y ago
What is the use case?
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by mtamizi 12y ago
Balanced is offering a white-labeled API. Square Cash is a branded consumer product. The mechanism of paying people using their debit cards is the same.
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by mtamizi 12y ago
No daily limits. Visa limits the transactions to $2,500 per transaction. Other networks don't have as well defined of a limit. We set the $2,500 limit in the API to set a reasonable expectation. We'll learn more about the limits o
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by mtamizi 12y ago
(ceo of Balanced) Under promise. Over deliver. That's the best way to answer that. :-) We have partnerships and direct ATM network integrations to clear in real-time for ~55% of debit cards. I didn't want to promise that until we&
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by mtamizi 12y ago
> My payment processing company has tried to call the Ally Bank agent for 2 days with no avail. Ally isn't going to help you in this case. Ally doesn't know you, and you're asking them to give you money from one of their c
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by mtamizi 12y ago
(I work at Balanced) Balanced does: https://www.balancedpayments.com/ach-debits
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by mtamizi 13y ago
Balanced will and has.
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by mtamizi 13y ago
We repurposed the glass tabletops from IKEA desks and threw them on the wall for white boards ;-)
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by mtamizi 13y ago
Congrats Sam! Thank you for the advice to continually focus, focus, focus even in the face of temptation to do more.
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The new Pando: “Speaking truth to the new power”(pando.com)
2 points by mtamizi 13y ago|0 comments