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You have this already. It's called "using checks and money orders." The problem is that people want the convenience credit cards use, and don't want to wait fo
by Noos 6y ago
You have this already. It's called "using checks and money orders."
The problem is that people want the convenience credit cards use, and don't want to wait for the check to clear to get their stuff.
- jimmydorry 6y agoBanks can and will close your account for any reason under the Sun. How do you write a check or receive one without a bank account? I'm not familiar enough with money orders, but I assume the same applies. Then, on top of all of that, you can't run a business through a personal account. So you still require a business type bank account, and the above options are terrible for any eCommerce site, which is pretty much the only kind of business that will be discussed here on HN.
- totalZero 6y agoYou can get a money order without a bank account. There's often a limit on the amount, so in some cases you may need to buy several in order to amass the full balance. You may also need to show ID. You can also cash a money order without a bank account.
- gojomo 6y agoExactly, modern e-commerce convenience requires credit-card-equivalent payment mechanisms. The delays & extra expense/staff required for mailed checks are an onerous barrier to legal commerce, for both merchants & buyers. The market is afraid to provide them to unpopular, but legal services. Earning a living is an important human right. So perhaps the government – maybe the Department of Health & Human Services, or the Fed – should provide a alternative to protect this human right.