openspend

OpenSpend

Invoicing software + Guided online bank transfer

https://openspend.riamu.io

Banks already do all these and as the OP mentioned, it's a layer on top of the bank. It's still traceable and fully compliant by the fact that banks know who is sending to who and how much with date time stamps.

For users/customers to make an effort to complete an online e-transfer, the incentive is to purchase the product or service with -2.9% + -$0.30 OFF or similar.

I believe these companies are already doing it and charging a fee because they provide compliance and have required MSB licenses.

1. https://plaid.com/products/transfer/

2. https://www.flinks.com/products/pay

3. https://paytm.com/online-payments

OpenSpend should be open-source and free, unlike the companies mentioned above.

The idea is not only to provide the software but also legal templates like cancellation policy, refund policy, dispute resolution, etc., for different jurisdictions.

Trying to solve it with OpenSpend. Feel free to steal the idea.

Sending e-transfers to businesses to pay for things is legal, unless I am mistaken. Please enlighten me.

OpenSpend is an open-source, free-to-use, self-hosted payment gateway for your next app, project, or business. It lets end users send money directly to businesses using their online banking app or website. And businesses can check live and instantly whether the money has been deposited or not.

Learn more at https://github.com/openspend/openspend

Definitely solving a real problem!