What is the best way to facilitate payouts to user bank accounts?
After checking with my local bank wire-transfers are $25 each and can't be triggered programmatically. Where else should I explore for the ability to do this?
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Seriously?
Get a bank that can deal with that for a decent price. That simple. |
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You should look at ACH or EFT transfers. Someone like paymentsgateway.net has a programmatic interface for transferring funds from your bank account to the users bank account. There are many interfaces to ACH it just takes some looking. Edit: Wire transfers are typically for larger amounts of money. |
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