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Hi all,

 

I am posting to ask for a recommended third party website for a P2P payments system.

 

I'd like to create something along the lines of Venmo where users can top up their accounts and use the available funds to send to another user.

 

I have used stripe in the past for taking payments but for this project I want to create will allows users to withdraw money to their bank accounts.

 

Any recommendations would be great. Thanks.

 

 

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1 minute ago, whispous said:

You want to perform banking functions, so all you need is a few hundred/thousand staff, world-class experts in the field of security, regulation, law and financial management.

Get them on board and you're good to go.

I was just asking if there was a third party solution to avoid all that and do the heavy lifting to just make the app work.. Thanks for your input...

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You would need to choose a payment gateway if you are gonna do credit cards. Other platforms like PayPal and Venmo are niche. You will need to look up their developer documentations for the specific API integration. 

 

Sudo make me a sandwich 

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Just now, wasab said:

You would need to choose a payment gateway if you are gonna do credit cards. Other platforms like PayPal and Venmo are niche. You will need to look up their developer documentations for the specific API integration. 

Thank you for that. I will take a look more on this path.

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8 minutes ago, ScottDurkin said:

Thank you for that. I will take a look more on this path.

If you are trying to create a clone of PayPal or Venmo, it is a completely different ball game. Can't really help you here. If you just want to create an e commerce website that accepts credit card/PayPal payments on the other hand, you can easily do it. 

Sudo make me a sandwich 

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8 hours ago, wasab said:

If you are trying to create a clone of PayPal or Venmo, it is a completely different ball game. Can't really help you here. If you just want to create an e commerce website that accepts credit card/PayPal payments on the other hand, you can easily do it. 

Yeah so i'm defo not trying to make a clone of these massive platform, I just need some third party tool that can accept payments (for topping up their account) and withdraw that money back from the third party to a persons bank account.

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3 hours ago, ScottDurkin said:

Yeah so i'm defo not trying to make a clone of these massive platform, I just need some third party tool that can accept payments (for topping up their account) and withdraw that money back from the third party to a persons bank account.

You never withdraw money. You pay. For "transfer service" typically you take client A and make him pay to your company account the amount due with let's say PayPal. Then as the Company you make a second transaction and you to a payment onto the account of Client B. If you are just transferring money between 2 client account you are competition to Playpal / Venmo.

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