|
|
|
|
|
Forum
-> Household Management
-> Finances
amother
Khaki
|
Mon, Nov 28 2016, 11:48 pm
I've been using Chase QuickPay for a couple of years both personally and for business (both as a client and as a seller) and it worked great. You didn't need to both be Chase customers and they didn't charge any fees.
Now I just had someone try to pay me through Quickpay and they got this message: "Starting August 21, 2016, if you don’t have a Chase checking account or Chase Liquid® Card, you can’t use Chase QuickPay to send or receive money from customers who use any of the participating banks in the clearXchange network." Which is just weird because I am QUITE sure that someone else who has been using it regularly even after 8/21/16 does not have a Chase account, and I definitely have been paying someone else who doesn't have a Chase account within the last month with no issue.
This is a business-related (not "friends and family") transaction that is quite large and I don't want to lose out with PayPal's fees.
Is there another option?
| |
|
Back to top |
0
0
|
greenfire
|
Tue, Nov 29 2016, 12:11 am
I believe clear exchange has ability to send to any bank in the united states ... you just have to create that option in the "my bank isn't listed" option
| |
|
Back to top |
0
0
|
gibberish
|
Tue, Nov 29 2016, 12:17 am
I believe that Paypal is free if it's fully funded by a bank account.
If you are a U.S. PayPal account holder sending money to a friend or family member with a PayPal account in the U.S. or Canada, you may pay a fee, depending on how you pay.
Payment method: Fees:
Fully funded by your PayPal balance or a bank account linked to your PayPal account. Fee is waived.
| |
|
Back to top |
0
1
|
amother
Khaki
|
Tue, Nov 29 2016, 12:23 am
gibberish wrote: | I believe that Paypal is free if it's fully funded by a bank account.
If you are a U.S. PayPal account holder sending money to a friend or family member with a PayPal account in the U.S. or Canada, you may pay a fee, depending on how you pay.
Payment method: Fees:
Fully funded by your PayPal balance or a bank account linked to your PayPal account. Fee is waived. |
It is for a business, not family/friend transaction.
Thanks for all the suggestions. I'm going to look up Venmo. I'm not going to have each customer set up clearXchange... it has to be easy.
| |
|
Back to top |
0
2
|
shpitsel
|
Tue, Nov 29 2016, 1:46 am
amother wrote: | It is for a business, not family/friend transaction.
Thanks for all the suggestions. I'm going to look up Venmo. I'm not going to have each customer set up clearXchange... it has to be easy. |
I am having now the same situation, and its difficult to figure it , but actually even clear exchange is not working well , I have spent alot of times talking to them and no luck , thinking of opening up a liquid chase card ,anyone with any info on liquid card appreciated
| |
|
Back to top |
0
0
|
shpitsel
|
Tue, Nov 29 2016, 1:47 am
amother wrote: | It is for a business, not family/friend transaction.
Thanks for all the suggestions. I'm going to look up Venmo. I'm not going to have each customer set up clearXchange... it has to be easy. |
I am having now the same situation, and its difficult to figure it , but actually even clear exchange is not working well , I have spent alot of times talking to them and no luck , thinking of opening up a liquid chase card ,anyone with any info on liquid card appreciated
| |
|
Back to top |
1
0
|
tigerwife
|
Tue, Nov 29 2016, 1:57 am
I use the Cash app in addition to Chase and PayPal. Only works if both parties have the app but it's free.
| |
|
Back to top |
0
0
|
amother
Khaki
|
Tue, Nov 29 2016, 2:04 am
tigerwife wrote: | I use the Cash app in addition to Chase and PayPal. Only works if both parties have the app but it's free. |
If you use the app, you don't have to pay a percentage to Paypal for business transactions? Sounds too good to be true...
| |
|
Back to top |
0
0
|
tigerwife
|
Tue, Nov 29 2016, 2:19 am
amother wrote: | If you use the app, you don't have to pay a percentage to Paypal for business transactions? Sounds too good to be true... |
The app has nothing to do with PayPal. It transfers money using your debit card information.
| |
|
Back to top |
1
0
|
amother
Khaki
|
Tue, Nov 29 2016, 2:45 am
Oh I misunderstood what was meant by "in addition to Paypal." Thanks.
| |
|
Back to top |
0
0
|
Smile1234
|
Tue, Nov 29 2016, 4:07 am
Td bank has person to person payments. does that help you?
I have only used it once but iirc it costed me $1.
There is also td bill pay which is free. They mail a check for you from your account. (Postage is also free:)
| |
|
Back to top |
0
0
|
FranticFrummie
|
Tue, Nov 29 2016, 4:29 am
Bitcoin? (just kidding )
With all the new crackdowns on people funding terrorist organizations, you can expect banking to get a lot more complicated, especially if you are transferring large sums of money.
Can you list transaction fees as a business expense in your tax deductions, or are you doing a strictly cash business that is under the table?
| |
|
Back to top |
0
1
|
shpitsel
|
Tue, Nov 29 2016, 5:03 am
tigerwife wrote: | I use the Cash app in addition to Chase and PayPal. Only works if both parties have the app but it's free. |
How much money do you use a month with cash app ? I am talking from 5 digits till almost 6 digit numbers , I don't think these kind of apps let you move around with so much money
| |
|
Back to top |
0
0
|
chatz
|
Tue, Nov 29 2016, 9:37 am
What about a bank wire or bank transfer? Same day wires are $15 flat fee at bank of america. I've seen fees ranging from $0 - $25, depending on the bank and depending on the length of time. Sometimes, the recipient bank also takes a small fee. But it's a flat fee, not a percentage. And I believe it can be free if you're both using the same bank.
Have you checked your bank rates? I'm pretty sure most banks offer this service.
| |
|
Back to top |
0
0
|
exhausted
|
Tue, Nov 29 2016, 11:40 am
Another vote for Venmo. Quick and easy and no fee. Both parties have to have it but very easy to set up.
| |
|
Back to top |
0
0
|
amother
Khaki
|
Sun, Dec 04 2016, 8:41 pm
I'll have to ask my bank because so far nothing else worked. Problem seems to be because it is sent from a different country.
Should I be concerned about the security of giving the other person my bank account number for the transfer?
| |
|
Back to top |
0
0
|
chatz
|
Sun, Dec 04 2016, 9:28 pm
Regarding security, at work we have a separate bank account that is used to receive wires and transfers.
| |
|
Back to top |
0
0
|
Related Topics |
Replies |
Last Post |
|
|
How do you choose lipstick color online?
|
7 |
Fri, Apr 26 2024, 6:16 pm |
|
|
Mishpacha Online
|
1 |
Thu, Apr 25 2024, 10:50 pm |
|
|
[ Poll ] Flatbush community fund pesach money-did you get it yet?
|
17 |
Fri, Apr 19 2024, 6:59 pm |
|
|
From where can I order shabbos food online?
|
1 |
Thu, Apr 18 2024, 10:52 pm |
|
|
Do I have to wait another 24 hours to kasher?
|
10 |
Thu, Apr 18 2024, 10:24 am |
|
|
Imamother may earn commission when you use our links to make a purchase.
© 2024 Imamother.com - All rights reserved
| |
|
|
|
|
|