Add SunFunder to the list of crowdfunding platforms using the Balanced Payments platform for their investment transactions. SunFunder announced the shift from PayPal to the Y-Combinator backed payments and escrow platform on their site this past week.
Crowdfund Insider recently covered the unique payment platform as their approach accommodates crowdfunding requirements. Balanced is notably very open about their code and feature requests. A good example is the speed at which the platform facilitated bitcoin payments after a public criticism by Jon Matonis.
SunFunder commented on the update stating;
We are always looking to make it easy to invest in projects on SunFunder. As one of the improvements, we recently rolled out integration with Balanced Payments as our payment platform….
Balanced is an innovative, Level I PCI certified processor with great support for crowdfunding platforms. The way it’s implemented, all credit card information is directly handled by Balanced and SunFunder never gets access to it. If you choose, your card information is stored by Balanced so you can use it again when investing in the future. Since we don’t collect or store any payment information your data is never at risk of being compromised on our servers.
SunFunder is an innovator in the energy space providing loans to high impact projects for off grid communities around the world. They mission is to solve the gap created by energy poverty. The team at SolarFund vets the offerings for projects in Africa, Latin America and the Caribbean.