4 ms·

I'm surprised Zelle isn't mentioned here. It's owned by the major banks and allows for business account transfers without fees. I use it to pay some US contract

I'm surprised Zelle isn't mentioned here. It's owned by the major banks and allows for business account transfers without fees. I use it to pay some US contractors. Most free services (e.g. Venmo) don't support business transfers and have low monthly transfer ceilings.

streptomycin 8y ago
I don't think it supports business transfers. https://www.zellepay.com/user-service-agreement https://www.zellepay.com/user-service-agreement "The Service is intended for personal, not business or commercial use. You agree that you will not use the Service to send or receive payments in connection with your business or commercial enterprise. We reserve the right to decline your registration if we believe that you are enrolling to use the Service with your business account or to receive business or commercial payments. We further reserve the right to suspend or terminate your use of the Service if we believe that you are using the Service for business or commercial purposes, or for any of the uses identified directly below."
- jameslk 8y ago
  Maybe it depends what kind of account you have? Zelle is offered directly through my business bank account interface and it's what the bank recommends using as an alternative to ACH and wires.
- edoceo 8y ago
  Wells Fargo directs users from the Bill Pay service into Zelle - and is aware that booth sides are business accounts and that payment is for commercial services.
nickjj 8y ago
Yeah, this just looks like a list where someone Googled all of the alternatives and put them into 1 article without ever using them or "really" looking for alternatives. Zelle is quite good. IMO it's the ideal way to accept payments for 1 on 1 services. Over the last 18 months I've done dozens of transactions with them to accept money as a freelancer. If you're in the US, it's a no brainer if your bank supports it. There's no fees and it's quite fast to get the funds, plus there's no other service to sign up for since it's a part of your bank's dashboard. But for selling digital goods to the masses you're leaving a lot on the table if you don't support PayPal. I don't think there is an alternative to it because customers will use whatever is comfortable for them and if they prefer PayPal and you don't support it, you may lose that sale.
robdachshund 8y ago
I use zelle when I can, but you can't send more than 600 bucks in a week or something along those lines.

streptomycin 8y ago

I don't think it supports business transfers. https://www.zellepay.com/user-service-agreement https://www.zellepay.com/user-service-agreement "The Service is intended for personal, not business or commercial use. You agree that you will not use the Service to send or receive payments in connection with your business or commercial enterprise. We reserve the right to decline your registration if we believe that you are enrolling to use the Service with your business account or to receive business or commercial payments. We further reserve the right to suspend or terminate your use of the Service if we believe that you are using the Service for business or commercial purposes, or for any of the uses identified directly below."

jameslk 8y ago
Maybe it depends what kind of account you have? Zelle is offered directly through my business bank account interface and it's what the bank recommends using as an alternative to ACH and wires.
edoceo 8y ago
Wells Fargo directs users from the Bill Pay service into Zelle - and is aware that booth sides are business accounts and that payment is for commercial services.

nickjj 8y ago

Yeah, this just looks like a list where someone Googled all of the alternatives and put them into 1 article without ever using them or "really" looking for alternatives. Zelle is quite good. IMO it's the ideal way to accept payments for 1 on 1 services. Over the last 18 months I've done dozens of transactions with them to accept money as a freelancer. If you're in the US, it's a no brainer if your bank supports it. There's no fees and it's quite fast to get the funds, plus there's no other service to sign up for since it's a part of your bank's dashboard. But for selling digital goods to the masses you're leaving a lot on the table if you don't support PayPal. I don't think there is an alternative to it because customers will use whatever is comfortable for them and if they prefer PayPal and you don't support it, you may lose that sale.

robdachshund 8y ago

I use zelle when I can, but you can't send more than 600 bucks in a week or something along those lines.