[sudo-discuss] Gratipay Payout and Internet Archive Federal Credit Union deposit issue

[Patrick O'Doherty]

Any ideas how gratipay intends to deal with Balanced Payments closing
down[0] ? Is this going to be an issue that must be re-addressed when they
change payments provider?

[0] - http://blog.balancedpayments.com/shutting-down/

p

On Thu, Apr 02, 2015 at 04:24:21PM -0700, Matthew Senate wrote:
> 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

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--
Patrick O'Doherty
+1 (650) 701-7829
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