Pretty much. But it's a little hard to envision at that scale.
Think instead about a large company with a set of approved vendors. Execs submit purchase orders to the vendors. The vendors get paid out by check.
Instead, you can payout the vendors through Stripe.
Edit: As I think about this more, I don't think it should be free from my own account, but it's hard to reason what ACH pricing should be. I can send an automated check for $1.50 with Lob today.
It'd be great to be able to do with Stripe what we can do with POs. Here are Three POs for three vendors associated with this purchase (80%, 10% & 10% respectively).
And then directly push the funds to each with separate transactions, without having to have a 'master account' that pulls in 100% (and takes the full fee structure on the nose), then internally/itself pushes out 80% and 10% to others.
Pretty much. But it's a little hard to envision at that scale.
Think instead about a large company with a set of approved vendors. Execs submit purchase orders to the vendors. The vendors get paid out by check.
Instead, you can payout the vendors through Stripe.
Edit: As I think about this more, I don't think it should be free from my own account, but it's hard to reason what ACH pricing should be. I can send an automated check for $1.50 with Lob today.