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Author Topic: ACH Transactions Help  (Read 495 times)
Killuminati1
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March 01, 2014, 02:56:31 AM
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Anyone know of a Bank that handles ACH transactions for a bitcoin exchange. I know Coinbase uses MongoDB, just wondering if anyone with a financial background has information they can help me out with.
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Killuminati1
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March 01, 2014, 03:49:34 AM
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Coinbase is the only US based company I know of using ACH transactions. I'm trying to find out if there is a banking institution that would be willing to handle ACH transactions for a bitcoin exchange. I know Mt Gox used Dwolla and Coinbase uses MongoDB. I'm looking for someone with expertise in this area that is willing to help a new exchange get setup.
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March 03, 2014, 09:23:35 PM
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bump
Rannasha
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March 03, 2014, 09:30:49 PM
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One thing I can contribute is the wisdom that MongoDB is a database-system, not a financial institution or payment provider.
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March 03, 2014, 09:32:43 PM
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I believe (not 100% sure) Coinbase uses Silicon Valley Bank but they are not accepting new accounts for any Bitcoin related companies due to regulatory uncertainty.  Just about any bank has the ability to offer ACH service.  Also as noted above MongoDB has nothing to do with ACH.
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March 11, 2014, 12:19:41 AM
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Any other banks working with bitcoin exchanges atm? A friend is looking for someone that can handle ACH transactions for a new exchange.
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