Hey all,

We had some issues getting Gratipay (our donation service provider at https://gratipay.com/sudoroom) to work with their payment processing Balanced Payments to make successful payouts (transactions) to our bank account with IAFCU, the Internet Archive Federal Credit Union, aka the Internet Credit Union. 

Now, the issues should be resolved. I am waiting to see the credit appear in our IAFCU account records, but I got confirmation that Gratipay successfully transacted the payout today via Balanced Payments.

These were the primary issues, which took substantial digging to figure out:
  1. There seem to be some federal regulations that required our credit union to explicitly post payments to either our savings or our checking account, without ambiguity. This is done by adding a suffix to our account number for any given transaction, i.e. add "000" to correspond to our savings account.
  2. However, also, when this suffix is appended to our account number, there must also be a matching value that corresponds to "savings" or "checking" called a "TRANS code". Unfortunately, gratipay did not expose this value option in their interface, despite it being supported by Balanced Payments's API.
We should now have the correct suffix and the correct TRANS code that matches to deposit gratipay payouts to our savings account at IAFCU.

Whew.

// Matt