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Bank of America did not generate QR codes until very recently. Imagine having a business setup to accept payment from Zelle and then realizing you have to inst
by grepfru_it 3y ago
Bank of America did not generate QR codes until very recently. Imagine having a business setup to accept payment from Zelle and then realizing you have to instruct each user how to use Zelle with their bank. A lot of the time the sale never happened, the few cases it did required 30 minutes of hand holding.
- lxgr 3y ago> Imagine having a business setup to accept payment from Zelle Well, here's the problem: Zelle was never intended for this use case (i.e. B2C payments). I believe they are planning to move into that space, but right now it's just the completely wrong tool for the task, and I've never seen it used for that myself (except for a few otherwise cash-only restaurants, food trucks etc).
- grepfru_it 3y agoI hear you. Wells Fargo did generate QR codes though. So did Chase. So even though it’s a B2C feature, plenty of C2C use cases that other banks implemented and that Bank of America eventually implemented
- vel0city 3y ago> Imagine having a business setup to accept payment from Zelle Imagine having a concrete business and you bought Miatas instead of concrete mixers. Clearly Miatas are useless vehicles which serve no purpose seeing as how they can't keep a few tons of mixed concrete moving for an hour as it gets delivered. Having a business set up to use Zelle, well, you're using the wrong tool for the job. We don't need every tool to be able to do every use case. Not every car needs to be a cement mixer.
- grepfru_it 3y agoI see you have never worked with small businesses (read someone with a Etsy store going around to individuals to make their first $100) trying to get off the ground. This post is not meant for you in that case