Balanced ACH Account Creation

account_creation.rb

# gem 'balanced', '1.2.1'
# BalancedPayments API v1.1
# ACH Payments only
# Three parties: marketplace (you), merchant (Balanced::Customer), buyer (Balanced::Customer)

bank_account_href = "" # from balanced.js
bank_account = Balanced::BankAccount.fetch(bank_href)

# it seems a customer requires dob_month, dob_year & address.postal_code in order to be verified
# cf. https://docs.balancedpayments.com/1.1/overview/resources/#customer-identity-verification
customer = Balanced::Customer.new(name: "Henry Ford", dob_month: 07, dob_year: 1985, address: { postal_code: '48120' }).save
bank_account.associate_to_customer(customer.href)

# buyer accounts need to be verified to debit
verification = bank_account.verify
verification.confirm(amount_1 = 1, amount_2 = 1)

# create an order
order = merchant.create_order(description: "Invoice #101")

# debit buyer
buyer_debit = order.debit_from(source: buyer_bank_account, amount: 100_00)

# credit merchant
merchant_credit = order.credit_to(destination: merchant_bank_account, amount: 90_00)

# credit marketplace
marketplace_credit = order.credit_to(destination: marketplace_bank_account, amount: 10_00)

# settle funds to merchant
account = merchant.payable_account
account.settle(funding_instrument: merchant_bank_account)