Trying to get it faster than snail mail from East Coast.

They can pay by CC, but Square wants 3.5% for keyed entries = $50 fee.

I could setup a PP account, but assuming it would take days to clear $1500 for a new account?

Dont want anything difficult on their end, so no silly Western Union or whatever.

Options? Ideas? TIA

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Edited 999 time(s). Last edit at 12:08PM by jdc.

FedEx?
No idea if it would be cheaper than your already-ruled-out $50 or not.

---

Paul F.
-----
A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
----
Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.
--

--

--
Eureka, CA

Priority Mail would be 2-3 days and less than $6.

Have you checked with your bank(s) to see what person-to-person payment options they have (i.e. Chase Quickpay)?

Ghetto option: Have them scan the check or take good photos. Email and print them out. Use an app to deposit the check... No idea how/if that would work...



Edited 1 time(s). Last edit at 05/28/2015 02:00PM by Gareth.

Google Wallet - [www.google.com]

Never tried it.

wire transfer from their bank to yours ?

[www.mybanktracker.com]

Quote
jdc
Trying to get it faster than snail mail from East Coast.

They can pay by CC, but Square wants 3.5% for keyed entries = $50 fee.

I could setup a PP account, but assuming it would take days to clear $1500 for a new account?

Dont want anything difficult on their end, so no silly Western Union or whatever.

Options? Ideas? TIA

How much do you trust this person?

---

rj
AKA
Vreemac, Moth of the Future

[cash.me]

Used to send $600 to my brother without fees. Did take a call to the bank to assuage their fears of fraud, however.

Can they walk into a branch of your bank in their city and deposit it into your account via the teller window?



Edited 1 time(s). Last edit at 05/28/2015 02:34PM by GGD.

If you both happen to have Fidelity accounts you can set up a joint checking account that both of you can access. That person moves the $1500 over from their account to the joint account and you take it out to your account. My daughter and I did this a couple of weeks ago and I put in $10 to test it. The account and $10 showed up on both of our accounts immediately. You could also do the same thing if you both have Wells Fargo accounts; surely it would be possible with other financial institutions.

Thanks.

I have a client that pays via Chase Quickpay, takes 2 days.

Thought about the photos/app process, ive used that too -- also takes a few days.

No bank in their region.

totaly trustworthy, would like the money before the end of the month.

Might just eat the $50. @#$%& credit card companies and their "fees"

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Edited 999 time(s). Last edit at 12:08PM by jdc.



Edited 2 time(s). Last edit at 05/28/2015 03:01PM by jdc.

I am not an expert on this stuff at all. However, I thought PayPal would have been mentioned amongst the alternatives. Now I am wondering if there is a reason it wasn't?

I have give them a cashiers chek for $5,000 that I happen to have, they can cache it at there bank, keep $1500 an give me $3500 change in cache. I will then await the prompt arrival of your check for $1500. Consider it a temporary fiendly loan.

Or have them go to their bank and do a transfer to you. Immediate, reasonably cheap and safe.

---

Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

Quote
SKYLANE
I am not an expert on this stuff at all. However, I thought PayPal would have been mentioned amongst the alternatives. Now I am wondering if there is a reason it wasn't?

Yeah, I mentioned it, but no feedback. Not sure if they have fees or a "holding" period.

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Edited 999 time(s). Last edit at 12:08PM by jdc.

Quote
jdc

Quote
SKYLANE
I am not an expert on this stuff at all. However, I thought PayPal would have been mentioned amongst the alternatives. Now I am wondering if there is a reason it wasn't?

Yeah, I mentioned it, but no feedback. Not sure if they have fees or a "holding" period.

Fees for sure. 3.5% I think, if you don't already have an account you will most likely have a holding period.

---

C(-)ris
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Throwback Thursday Signature:

PayPal should have no fees if they send it as a "gift".

---

Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

We use Square Cash via email - no fees. Need to link your debit cards on either end of the transaction. Has worked flawlessly for many transactions.

[squareup.com]

Quote
jdc
Might just eat the $50. @#$%& credit card companies and their "fees"

It's like they want to get paid for providing you a service. Jerks.

---

rj
AKA
Vreemac, Moth of the Future

Quote
bhaveshp
We use Square Cash via email - no fees. Need to link your debit cards on either end of the transaction. Has worked flawlessly for many transactions.

[squareup.com]

yeah, looks like google wallet has the same options, but has to be debit cards. Good to know for the future tho.

Quote
rjmacs

Quote
jdc
Might just eat the $50. #%%# credit card companies and their "fees"

It's like they want to get paid for providing you a service. Jerks.

If it were only that simple.

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Edited 999 time(s). Last edit at 12:08PM by jdc.



Edited 1 time(s). Last edit at 05/28/2015 03:32PM by jdc.

Quote
rjmacs

Quote
jdc
Might just eat the $50. @#$%& credit card companies and their "fees"

It's like they want to get paid for providing you a service. Jerks.

---

Paul F.
-----
A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
----
Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.
--

--

--
Eureka, CA

Dwolla.com, no CC, but their total fee is 25 cents...

[www.unfaircreditcardfees.com]

[ecreditdaily.com]

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Edited 999 time(s). Last edit at 12:08PM by jdc.

Quote
jdc
[www.unfaircreditcardfees.com]

[ecreditdaily.com]

Then don't use their services...
Why is that so hard to fathom?

---

Paul F.
-----
A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
----
Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.
--

--

--
Eureka, CA

Personally, I dont. No credit cards in the house.

But for the rest of everybody else, again, not that simple.

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Edited 999 time(s). Last edit at 12:08PM by jdc.

Quote
jdc
Personally, I dont. No credit cards in the house.

But for the rest of everybody else, again, not that simple.

Yeah, it really is for most of the rest of everybody else... they're making the CHOICE to deal with the "big eeeeeevil credit card companies".

---

Paul F.
-----
A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
----
Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.
--

--

--
Eureka, CA

Well, they ARE eeeeeevil.

Sometimes you gotta dance with the devil.

Sometime you can choose NOT to.

---

I am that Masked Man.

All you can do, is all you can do.

There’s trouble — it's time to play the sound of my people.

Your boos mean nothing to me, I've seen what you cheer for.

Insisting on your rights without acknowledging your responsibilities isn’t freedom, it’s adolescence.

I've been to the edge of the map, and there be monsters.

We are a government of laws, not men.

Everybody counts or nobody counts.

When a good man is hurt,
all who would be called good
must suffer with him.

You and I have memories longer than the road that stretches out ahead.

There is no safety for honest men except
by believing all possible evil of evil men.

We don’t do focus groups. They just ensure that you don’t offend anyone, and produce bland inoffensive products. —Sir Jonathan Ive

An armed society is a polite society.
And hope is a lousy defense.

You make me pull, I'll put you down.

I *love* SIGs. It's Glocks I hate.

We sent money to our grand daughter when she was in Oregon.

It was from a Credit Union to a Credit Union.

They were on the same approved list.

Need the account holders account etc.

Like Gareth's "ghetto" suggestion, only less ghetto, but also less secure:

If they're reeeeally trustworthy, have them download your bank's app, login as you, and do the photo deposit thing. I'm not sure about your bank (if they even have this option), but when I do deposits with Wells Fargo they quote a couple days, but it always goes in much quicker than that.

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.

edit: oh, didn't see Gareth's post. Yes, it will work.



Edited 1 time(s). Last edit at 05/28/2015 06:22PM by thermarest.

No fees for Paypal Gift but it would only work if you already had an account set up. It might take too long to verify a new account. And yes, depending on your bank, it can take a few days for the funds to clear but it seems like Gift from a bank account (not CC) is pretty quick.

I don't have experience with some of the suggested electronic options but Dwolla sounds like it might work unless it takes too long to get set up.

Otherwise, the cheapest options would be (starting with the cheapest):

* Bank-to-bank transfer, either with a Bill Pay with you as the payee (unless it takes too long for the transfer to go through), or a service like Chase Quickpay or BofA's or Wells Fargo's P2P transfer options.

* FedEx, UPS or USPS a check for overnight or possibly 2nd day delivery.

* Bank wire transfer. (Virtually instant access to the funds with a fee a little less than the CC fees.)

Quote
Speedy
I have give them a cashiers chek for $5,000 that I happen to have, they can cache it at there bank, keep $1500 an give me $3500 change in cache. I will then await the prompt arrival of your check for $1500. Consider it a temporary fiendly loan.

Nice job on imitating the spelling errors.

Walmart offers two options. To transfer $1500 in 10 minutes, they'll charge you $120. If you want it there in 4 hours, they'll charge you $30. The money gets sent to a Walmart store. For more info, just search on 'send money' from walmart.com

thanks all

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Edited 999 time(s). Last edit at 12:08PM by jdc.

Quote
GGD
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.

---

It is what it is.

Quote
rjmacs

Quote
jdc
Might just eat the $50. @#$%& 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?

@#$%& credit card companies and their fees.

---

It is what it is.

Quote
thermarest
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.

---

It is what it is.

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 them a lot more when they have to deal with a $5000 fraud claim than a $5 one?

Quote
Gareth

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 them us a lot more when they have to deal with a $5000 fraud claim than a $5 one?

FTFY.

By that logic, the majority of the transfer fee on a$5000 transfer refunded when it turns out to be a legitimate transaction.

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It is what it is.



Edited 2 time(s). Last edit at 05/28/2015 07:40PM by N-OS X-tasy!.

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.

Quote
wurm
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.

Venmo, with bank acct.. debit or credit card. The sender gets charged 3 percent to use a credit card, but receiving is free.

Quote

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.

[venmo.com]



Edited 1 time(s). Last edit at 05/28/2015 08:58PM by A-Polly.

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.

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I think you all should experiment with sending me money utilizing all of the various methods mentioned here. Then I'll do a report on how it worked out and share it with the group.

As a guy that uses Square for three different business uses...I would use it and eat the $50 as a convenience. Square is a zillion times better than PayPal. Most payments process the same day at 5pm.

Square offers a lot of different way to do transactions for small businesses. I sure hope they stay in business!

---

“Live your life, love your life, don’t regret…live, learn and move forward positively.” – CR Johnson
Loving life in Lake Tahoe, CA

Quote
Markintosh
As a guy that uses Square for three different business uses...I would use it and eat the $50 as a convenience. Square is a zillion times better than PayPal. Most payments process the same day at 5pm.

Square offers a lot of different way to do transactions for small businesses. I sure hope they stay in business!

I used Square as soon as it was possible. It allowed me to capture business that I otherwise would have missed out on. Piece of cake. When you think about what we had before with banks and merchant accounts and bulky machines that needed a telephone line or the one that used wireless but cost a thousand dollars for the swiper machine. I shudder that I dealt with a bank.

Square would have worked, but they have a deposit schedule that akes 2 days when you deposit on Friday = Monday.

Payments taken before 5 p.m. PT/8 p.m. ET will be available in your bank account the next business day.
Payments taken after 5 p.m. PT/8 p.m. ET will be available in your bank account by the second business day.
On Friday, the cut-off is 1 p.m. PT/4 p.m. ET. Any payments taken after 1p.m. PT/4 p.m. ET will be sent in the following deposit.
Deposits are not sent on Saturdays.

So it looks like if you swipe a card After 5 PM Thursday, doesnt go in until Monday. It looks like I would done it before that to get the $$ today. No money comes in on Saturday.

It is what it is, but I wonder about how long some of these "rules" should actually last? I mean these days we live in a 24/7 world, and the net allows us to work worldwide instantly anytime. You would think that banking might catch up with that fact and start offering deposits all the time, everyday, everyhour. Its not like theres some guy sitting in an office approving every deposit that comes thru a bank.

Im in Cali, and have clients in Portland, Seattle, Billings, Pontiac, Charlotte, Nashville and Sarasota -- 5 years ago I might not have thought that was even possible -- especially with large graphics. But no more. Fast net and Dropbox have made those limitations a thing of the past.

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Edited 999 time(s). Last edit at 12:08PM by jdc.



Edited 1 time(s). Last edit at 05/29/2015 12:06PM by jdc.

Quote
jdc
Square would have worked, but they have a deposit schedule that akes 2 days when you deposit on Friday = Monday.

Payments taken before 5 p.m. PT/8 p.m. ET will be available in your bank account the next business day.
Payments taken after 5 p.m. PT/8 p.m. ET will be available in your bank account by the second business day.
On Friday, the cut-off is 1 p.m. PT/4 p.m. ET. Any payments taken after 1p.m. PT/4 p.m. ET will be sent in the following deposit.
Deposits are not sent on Saturdays.

So it looks like if you swipe a card After 5 PM Thursday, doesnt go in until Monday. It looks like I would done it before that to get the $$ today. No money comes in on Saturday.

It is what it is, but I wonder about how long some of these "rules" should actually last? I mean these days we live in a 24/7 world, and the net allows us to work worldwide instantly anytime. You would think that banking might catch up with that fact and start offering deposits all the time, everyday, everyhour. Its not like theres some guy sitting in an office approving every deposit that comes thru a bank.

Im in Cali, and have clients in Portland, Seattle, Billings, Pontiac, Charlotte, Nashville and Sarasota -- 5 years ago I might not have thought that was even possible -- especially with large graphics. But no more. Fast net and Dropbox have made those limitations a thing of the past.

You gotta remember that the government has to squeeze itself between each transaction. That's why most purchases appear as "pending" when you check your online account. Checks have to "clear" the government clearinghouse as does each and every transaction. If they ever bust you for something, they'll have their proof (kind of a pun since it's proof operators that historically sent checks to clearinghouses). In one of my former lives I was an Operations Supervisor for a bank.

So, jdc, what did you end up doing?

---

Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.