3 ms·
> leanpub disburses payments using paypal generally speaking, is it more complicated for these kinds of payments to be done via wire/swift/etc versus paypal?
by kmlx 5y ago
> leanpub disburses payments using paypal
generally speaking, is it more complicated for these kinds of payments to be done via wire/swift/etc versus paypal?
- pc86 5y agoWire transfers have borderline predatory fees unless you're moving thousands of dollars, and there's still the issue of "oh you entered one of the numbers incorrectly, hopefully they give you your money back!"
- vorpalhex 5y agoTry shopping banks. My wires are free in most cases and I am not a big customer or anything.
- Xylakant 5y agoThis is a distinctively US feature. SEPA transfers cost (next to) nothing, and the IBAN has a checksum, so entering a single digit wrong will get the transaction rejected.
- maccolgan 5y agoIt's not a US feature, the US has ACH.
- ratg13 5y agoI wonder how Wise (formerly TransferWise) accomplishes this. They seem to be able to send money to bank accounts anywhere for extremely reasonable prices.
- Scoundreller 5y agoThey have bank accounts everywhere. They just avoid transferring money between them in the first place. As long as an even amount of money is going in each direction, they won’t have to. Only if flow gets too out of whack but that means their rates are too one-sided. That’s the forex business in a nutshell. They don’t convert money, they just exchange it.
- bluGill 5y agoI've used Zelle and it was easy. My bank is suggesting them (they have first class support), but I have no idea if they are otherwise better/worse than paypal. Most of the time if I owe money it is either credit card or I used my bank's bill pay (which sends a physical check if they don't have an electronic arrangement) I did a wire transfer once, $15 in fees, but since the amount was from a house sale (to get from the bank where the money was deposited to my mortgage bank - they couldn't do this direct which was annoying). I wouldn't do it for normal things, but with that much money involved I don't blame the banks for some friction and the cost wasn't much. Hopefully I never do one again, and also I hope I'm an oddity for even doing it at all.
- kevin_thibedeau 5y agoZelle is window dressing on top of ACH.
- wiml 5y agoWhich is exactly what I want, most of the time — I want to write a check, but without the hassle of paper, or the recipient having to explicitly deposit it.
- gunapologist99 5y agoPaypal is window dressing on top of ACH.
- FireBeyond 5y agoWith increased provisions for those banks to push liability for fraud further away from themselves and towards consumers...
- adrr 5y agoZelle is instant for banks on the Zelle network. ACH isn’t.