Ask HN: Does "Zapier for payment automation" exist?

This should be available in your bank or other treasury management provider automation. Does your bank not support this? If you're not getting this from your current biz bank, I would shop around. I recommend Mercury (no affiliation, just a happy customer), but others provide some level of this too.

(workflow automation providers do not want this liability, as you note in Zapier's ToS, which is totally fair)

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This is what smart contracts do.

A smart contract with a stablecoin (or a wrapped stabblecoin) would probably solve for this use case.

You want to avoid leaving a bank password in clear text for the process running in cron; so it would really be best for the bank to support Read-Only and Read-Write access tokens

You could hire someone and buy back your time.

I think sequence fulfills this requirement? https://www.getsequence.io/

I am faling to understand how do you spend 3 hours distributing money across ~20 accounts. That's normally like 30 mins altogether with coffee, cigarettes and chitchat in between.

I used Zapier a lot, including for Stripe integrations (though I don’t remember if it was for doing payments). It required many zaps, came with a lot of limitations too.

In the end, I wrote a custom API, which saved a lot of money. I’m also not sure it’s easy to properly implement a Stripe connection (using the Stripe library) inside a custom code action in automation tools.

Isn’t this just something the bank should do?

My bank account lets me set up recurring transfers. I assume it’s a standard feature for most banks.

Relay does a good job of automatically partitioning money, though you still need to manually execute external payments. Gives you a little extra interest on money allocated for taxes too

https://relayfi.com/

I asked for something similar on HN some time ago and the response I remember was 'if there was a market for this it would exist' - I explained the huge marker and need for it.

The first one I saw that said they did a percentage split I think was/is the "lily card" ? - then 'the founders card' (which is way too expensive for my taste)

Then I had someone from chase bank offer to setup a personal account for me, and I flippantly said sure if you can give me the ability to split percentages every time I get paid / deposit money.. and I know what you are going to say 'that's easy, just know what you are going to deposit, do the math and enter the amount.. full stop - I don't want that - that has been available for a long time everywhere..

This lady told me you can do a percentage now - she was pretty sure she saw that in her training.. took some time to bring it up.. but yes right there on the screen, and she printed it for me..

ability to split a percentage when money comes in..

Now I have not gotten into the details yet - like can you set a percentage for one source coming in and a different one for another?

for my use case I just simply wanted 34% going to a saving account every time I put money in, and that appears doable there now.

When I saw you list I just thought, do a 50/10/10/30 split have the 10 for affliates just be another account - when money hits there do your 15 split..

Things may get wonky splitting your third account, the 10% for 3 contractors - I think bank match gets weird when it hits a 3.3333% - I would hope there are rules for adjusting in there, but I have not yet seen the system to know.

I actually tried a similar thing when someone set me up with ADP payments a few months ago - they had an option to send 67% to one account and the rest to a different bank account - I was shocked.. and even though I think it had a thing that said if there is leftover pennies or partial percentage just push the rest to X choice..

however it did not go through for some reason - whoever managed that company's ADP stuff said there was some error they had to manually do a thing, don't recall.

Anyhow, I am glad to see that some options are becoming available for this finally - there were none I could find a while back.

I had wanted to do a twitter campaign tagging each major bank and explaining how a bunch of people need this and the bank that rolls it out can be attractive to the gig economy and freelancers big time.

"Disbursement" is what you're looking for. Stripe can do it, but as you mentioned, you're now responsible for the code. Either you write the code and you're responsible, or you pay someone else and they're responsible. Unless you have a business justification that it absolutely must be done by code, just hire a human accountant who does it by hand each month.

But if you do want to hand roll it with your own code:

https://docs.stripe.com/connect/separate-charges-and-transfe...