posted on October 3, 2000 09:44:20 AM new
Based on the PayPal fiasco, I thought it might make sense to move a couple threads back to the top instead of recreating them.
posted on October 11, 2000 07:18:45 PM new
Drop PayMe.com from the list. I got this email from thier support today in response to troubles I have had accessing my account:
-------------------------------------------
Hello,
Thank you for giving us the opportunity to respond to your e-mail.
Unfortunately, at this time we are unable to respond to your request
this site is under maintenance. We do not currently have an expected
timeframe for completion of this maintenance, but we have disabled this
feature to prevent from requesting funds that we may not be able to
deliver. Since we do not yet know when we will be able to fulfill
payments again, we recommend that you find an alternate source to
transfer funds electronically.
Please feel free to call us toll-free at (800) 982-3480 M-F, 7am to 6pm
PST or e-mail [email protected] if you require any further assistance.
One of our Customer Support Representatives will be happy to provide
assistance.
Roberto Mota
Customer Support Team PayMe.com
(800) 982-3480 Phone
(888) 979-2345 Fax
-------------------------------------------
Looks like a sinking ship to me...
posted on October 11, 2000 08:24:34 PM new
Over this past weekend I had an auction end and the winning bidder was in the United Kingdom. He stated in his reply to my end of auction e-mail that he wanted to pay for his purchase with BidPay. I had no experience with BidPay but in the interest of trying to work with my customer I went to the BidPay web site and read it over. I registered with BidPay Saturday night and my bidder paid for his purchase with BidPay on Sunday. BidPay sent me two e-mails. The first to say that the bidder had notified them of his intention to pay with BidPay and the second to to tell me that the payment with through and they would be mailing me a money order for the total due. I mailed his package to England on Monday morning and Tuesday the BidPay money order was in my mailbox! Granted I live in Florida and one of the BidPay service centers is in Florida, but still I thought that was amazingly fast. The bidder couldn't have even purchased the money order and mailed it himself and got it to me that fast. I paid no fee and I believe the buyer had to pay $5.00 for using the service. BidPay paid me with a Western Union money order. Personally I loved it! Has anyone else had any experience with BidPay, pro or con that they would be willing to share? It almost seems too good to be true for receiving payment from bidders outside the U.S.
James
posted on October 12, 2000 07:58:20 AM new
I haven't used this Fee-based service since Decmeber, but there is also www.Verza.com
Personally, I didn't like it. Fees were a tad high, they only send out a check on the 1st and the 15th, depending when your bidder gets around to paying, but they had great fraud protection.
Other than than, I haven't used it, nor have I offered it.
posted on November 3, 2000 06:32:31 PM new
Another payment service has arrived from Citibank: c2it.com
Speed of Payment
----------------
(i.e., How fast do I have access to my money in business days)
Immediate if funded from credit card.
~5 days if funded from checking/savings
Speed of Withdrawal
-------------------
(i.e., How long does it take to get my money out of the system or transfer to my checking acct in business days)
~14 Days
Payment Options
---------------
(i.e., Ways to fund my account or send payment)
MasterCard, Visa, ACH
Withdrawal Options
------------------
(i.e., Ways to get my money out of the system)
ACH, Credit/Debit Card, Manual Check
Transaction Limitations
-----------------------
for Credit/Debit cards:
$500/ day
$1000/ 4 days
Availability of Payment Icons
------------------------------
None
International Acceptance
------------------------
No
Payee/Payor Registration
------------------------
Requires counterparty to register with system to make/receive a payment
Fees
----
$2 per send transaction after 3 month introductory period
posted on November 6, 2000 09:01:02 AM new
By the same token then, services like ProPay should be free as a transfer from one ProPay member to another is free. The feature I like best at ProPay is that you can accept credit cards from anyone. Buyers don't have to be ProPay members to pay you. The downside it the 3.5% credit card fees.
I think any service that charges like ProPay and PayPal, even if they don't charge for certian transactions, should be listed in the fee based services.
posted on November 10, 2000 05:35:35 PM new
An update on c2it.com, Citibank's attempt at an internet payment service. In short, an old economy company's attempt to break into the new economy using old economy processes: I signed up recently and have come to realize that the firm has a very convoluted way of operating its service. When I tried to add a bank account I received a message that said they would have to verify my address and identity. Fair enough but like the rest they will not allow you to deposit money into an account until verified. STRIKE 1. A few days later I received a letter requesting a copy of my most recent telephone bill displaying my name address and telephone number. STRIKE 2: They have not considered the possibility that I use an internet bill presentment service (e.g., paytrust) so my billing address on my phone bill is not my home address. So instead of adding a checking account, I simply add a debit card to the system and instruct them to apply a credit to my debit card from the recent email payment I received through c2it. Get this, after 5 days I called wondering why the money was not in my checking account yet (should take about 2 days) and I was informed that they don't have an electronic link to the debit card system so they have to send a manual check to my bank. I'm sorry but I thought one of the objectives of these systems was speed of payment. The person could have just sent me a check and it would have been faster. STRIKE 3: I shake my head. This is worse than the old economy.
