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-   -   Why can't ePass and sponsors send money to candian bank accounts? (https://gfy.com/showthread.php?t=985476)

Tempest 09-04-2010 08:20 PM

Why can't ePass and sponsors send money to candian bank accounts?
 
I got a message from pimproll saying they're looking into adding ACH to US banks. If PayPal can transfer my money into my Canadian bank account, why can't epass and others?

gaffg 09-04-2010 08:33 PM

because it's not Candian

Agent 488 09-04-2010 08:39 PM

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States.

http://en.wikipedia.org/wiki/Automated_Clearing_House

the Federal Reserve Banks are collectively the nation's largest automated clearinghouse operator and in 2005 processed 60% of commercial interbank ACH transactions. The Electronic Payments Network (EPN), the only private sector ACH operator in the U.S., processed the remaining 40%.

harvey 09-04-2010 08:59 PM

Quote:

Originally Posted by Agent 488 (Post 17469447)
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States.

http://en.wikipedia.org/wiki/Automated_Clearing_House

the Federal Reserve Banks are collectively the nation's largest automated clearinghouse operator and in 2005 processed 60% of commercial interbank ACH transactions. The Electronic Payments Network (EPN), the only private sector ACH operator in the U.S., processed the remaining 40%.

between Jung and Fatfoo your superego might get hurt :winkwink:

Tempest 09-04-2010 09:28 PM

Quote:

Originally Posted by Agent 488 (Post 17469447)
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States.

http://en.wikipedia.org/wiki/Automated_Clearing_House

the Federal Reserve Banks are collectively the nation's largest automated clearinghouse operator and in 2005 processed 60% of commercial interbank ACH transactions. The Electronic Payments Network (EPN), the only private sector ACH operator in the U.S., processed the remaining 40%.

Right.. But in no way does that answer my question.

harvey 09-04-2010 09:35 PM

Quote:

Originally Posted by Tempest (Post 17469511)
Right.. But in no way does that answer my question.

http://mozlo.com/gfy/fatfoo.gif

baddog 09-04-2010 09:35 PM

Because Paypal is a bank [of sorts] and epass isn't?

baddog 09-04-2010 09:36 PM

Quote:

Originally Posted by harvey (Post 17469522)

:1orglaugh

Kiopa_Matt 09-04-2010 10:07 PM

Totally different processes, and totally different banking accounts. I've done this before when I setup a (failed) company. Not sure about the US, but with Canadian banks you need:

- Deposit ACH - Canada
- Withdraw ACH - Canada
- Deposit ACH - USA
- Withdraw ACH - USA

You need all four accounts, and the transaction processing between Canada & US is quite a bit different. That, and I highly doubt US banks are as convieniently setup to handle transactions to Canada, compared to vice versa. Most banks in the US don't give a shit about a Canada, where Canadian banks will go the extra mile to accomodate US transfers.


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