Electronic person-to-person payments

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mudfud
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Electronic person-to-person payments

Post by mudfud »

I'll be paying some students small amounts (usually <$50) for performing chores through the summer. I won't be around to pay them in person, so I'm thinking of electronic payments instead of mailing checks.

I'm considering Google Wallet (https://www.google.com/wallet/send-money/). Money can be sent through Gmail, then funds can be transferred to one's bank account, can be used on Google Play, or you can get a Google Wallet card.

But I know there are many other options such as Chase QuickPay, Amazon Payments, and the like. Any preferences? I looking for a free service which is easy to use for the recipient.

Thanks!
Mud
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Gecko10x
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Re: Electronic person-to-person payments

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livesoft
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Re: Electronic person-to-person payments

Post by livesoft »

My daughter uses venmo.com
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wilpat
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Re: Electronic person-to-person payments

Post by wilpat »

PayPal
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CyberBob
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Re: Electronic person-to-person payments

Post by CyberBob »

Does your bank offer one? They don't always advertise it much, but many banks have free access to http://www.PopMoney.com which can send via text or email (Chase, Citibank, Bank of America, Wells Fargo, Ally, Suntrust, PNC, etc)

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BuckyBadger
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Re: Electronic person-to-person payments

Post by BuckyBadger »

I use paypal a lot for transferring money between friends and families. If I can't use paypal I use my bank's bill pay to mail them a paper check.
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Kenkat
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Re: Electronic person-to-person payments

Post by Kenkat »

I use Paypal for that
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midareff
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Re: Electronic person-to-person payments

Post by midareff »

PayPal
acegolfer
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Re: Electronic person-to-person payments

Post by acegolfer »

If you want 100% electronic, then paypal.

But what's wrong with mailing checks, when you are not around? Is it because of stamp cost? If so, most banks will mail the check on behalf of you. You can set it up online.
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thedayisbrave
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Re: Electronic person-to-person payments

Post by thedayisbrave »

Paypal is easy, but takes a cut.

There is a relatively new app called Venmo that allows electronic person-to-person transfers. I've used it and it's super easy to use. It's definitely becoming more popular with students for paying their friends if they split a meal, cab, etc. You may find the students you will be working with already have it.
eschaef
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Re: Electronic person-to-person payments

Post by eschaef »

I second the idea of PopMoney through your bank. All it takes is the person's email address (though it is quicker if you have their account number).
Luke Duke
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Re: Electronic person-to-person payments

Post by Luke Duke »

thedayisbrave wrote:Paypal is easy, but takes a cut.
Not if you fund it from your bank account and if you select "I'm sending money to family or friends"
fareastwarriors
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Re: Electronic person-to-person payments

Post by fareastwarriors »

all the cool kids use venmo on their phones
4strings
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Re: Electronic person-to-person payments

Post by 4strings »

Chase QuickPay
slbnoob
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Re: Electronic person-to-person payments

Post by slbnoob »

I use my credit union's online Bill Pay system to even pay individuals where a check is mailed out to them by the bank.
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mudfud
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Re: Electronic person-to-person payments

Post by mudfud »

Great suggestions: thanks to all who replied. There so many options now.

I was thinking of Google Wallet since the recipients already have Google accounts and don't need to register--also they don't have to enter their bank account numbers to access funds.

I checked out Venmo--It has a fantastic interface and I can see why it's popular with the younger generation.

Thanks again,
Mud
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Barefootgirl
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Re: Electronic person-to-person payments

Post by Barefootgirl »

Do any of these services allow you to send money to someone using your credit on a credit card?

thanks, BFG
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ourbrooks
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Re: Electronic person-to-person payments

Post by ourbrooks »

Yup, Venmo is the cool, hip young person thing. Paypal is for old foggies.
Venmo, LLC is an authorized delegate of PayPal, Inc. If you have a complaint, first contact the consumer assistance division of PayPal, Inc. at the address above; if you still have an unresolved complaint regarding PayPal, Inc.’s money transmission activity, please direct your complaint to: Texas Department of Banking, 2601 North Lamar Boulevard, Austin, Texas 78705, 1-877-276-5554 (toll free), http://www.dob.texas.gov.
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FelixTheCat
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Re: Electronic person-to-person payments

Post by FelixTheCat »

Paypal
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crg11
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Re: Electronic person-to-person payments

Post by crg11 »

Huge fan of Square Cash. It's my go-to whenever I owe money to someone now.
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