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+--- Thread: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? (/showthread.php?tid=179640)
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - jdc - 05-29-2015
thanks all
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - N-OS X-tasy! - 05-29-2015
GGD wrote:
Can they walk into a branch of your bank in their city and deposit it into your account via the teller window?
Or transfer it electronically from his account to yours? I have done this for both my mother and my sister, neither of whom bank with the same institution I do.
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - N-OS X-tasy! - 05-29-2015
rjmacs wrote:
[quote=jdc]
Might just eat the $50. Fuck credit card companies and their "fees"
It's like they want to get paid for providing you a service. Jerks.
It takes just as much effort on the credit card company's part to transfer $5 as $5000. Given that fact, why does the CC company charge so much more for the latter transfer?
Fuck credit card companies and their fees.
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - N-OS X-tasy! - 05-29-2015
thermarest wrote:
You can do the photo deposit thing with an image of the check. If your bank only has an app-based system, then you would have to print on to paper and then photograph the paper.
My bank has a browser based system. I just select the jpeg files (front and back) of the check and done.
Either way, the check images get converted to tiny, low-res black and white images by the bank so quality is of little issue. Computer just needs to be able to interpret the account number, check number, etc.
Just my opinion, but boy is there a seemingly high potential for fraud there.
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - Gareth - 05-29-2015
N-OS X-tasy! wrote:
It takes just as much effort on the credit card company's part to transfer $5 as $5000. Given that fact, why does the CC company charge so much more for the latter transfer?
Because it costs them a lot more when they have to deal with a $5000 fraud claim than a $5 one?
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - N-OS X-tasy! - 05-29-2015
Gareth wrote:
[quote=N-OS X-tasy!]
It takes just as much effort on the credit card company's part to transfer $5 as $5000. Given that fact, why does the CC company charge so much more for the latter transfer?
Because it costs
FTFY.
By that logic, the majority of the transfer fee on a$5000 transfer refunded when it turns out to be a legitimate transaction.
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - wurm - 05-29-2015
Maybe I'm missing something, but if they have a checking account with online access (and bill pay), can't they just send you the money the same way they'd pay a bill. Set you up as an account and make a payment.
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - Gareth - 05-29-2015
wurm wrote:
Maybe I'm missing something, but if they have a checking account with online access (and bill pay), can't they just send you the money the same way they'd pay a bill. Set you up as an account and make a payment.
Bill pay is often done by mailing a check, so it wouldn't be any faster.
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - A-Polly - 05-29-2015
Venmo, with bank acct.. debit or credit card. The sender gets charged 3 percent to use a credit card, but receiving is free.
Cash out overnight
Receive money instantly and move money from Venmo to your bank account in one business day.
Free payment methods:
Your Venmo Balance
This is money in your Venmo account before you Cashout.
Bank Accounts
Your account works with all major banks in the US.
Major Debit Cards
We support all debit cards.
Check if yours is free.
To help cover processing costs, there is a 3% fee per payment for credit cards and non-major debit cards.
Receiving money on Venmo is always free.
https://venmo.com/about/fees/
Re: Need someone to send me $1500. Could use Square, but 3.5%... pfft. Options? - $tevie - 05-29-2015
I've used Cash a number of times, although never for more than $600. But it was free and fast and the money has always been available next day despite their saying it would take three days.