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It's nice to see the banks trying to catch up with PayPal 12 years later.
by thinkcomp 15y ago
It's nice to see the banks trying to catch up with PayPal 12 years later.
- viggity 15y agoI'm interested to see what their fees are going to be. PayPal is ridiculously expensive (2-3%). Dwolla is a flat 25 cents per transaction (regardless of size).
- mrgordon 15y agoIt competes with PayPal, but they really just borrowed the feature from ING Direct. ING has let you send money to anybody with an email address for a while.
- patio11 15y agoYou need an email address and the bank account information, don't you? I'd love it to be otherwise, but getting banking information from e.g. my younger brothers is a lot trickier than just emailing them.
- bricestacey 15y agoCorrect. Here is exact quote on ING's P2P payment screen "To send a P2P Payment, you'll need the recipient's email address and account information."
- mrgordon 15y agoHuh. Thanks for pointing that out. I'd never actually used it but IIRC they always advertise that you can send money to any email address.