When it comes to easy money transfers, nothing beats PayPal in terms of popularity. The process is very simple to send money to friends and family: 1.Both the sender and the receiver should have a Paypal account 2.If the payment is for personal use, there may or may not be fees depending upon the source [...]
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Checks are becoming a thing of the past, but you do get that occasional payment in the form of a check. You have to either mail it in or deposit it with a bank teller or in an ATM machine and within a certain period of time. Some banks started offering the convenience of cashing [...]
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I had written about my frustration earlier on how complex it was to send money to my wife since we keep our finances separate and in different banks. Of course, PayPal would be the first avenue that would come to one’s mind. But my wife’s PayPal account isn’t linked to her bank account but to [...]
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Not all couples have a joint account. Some just prefer to keep their accounts separate and reconcile joint expenses periodically, including yours truly! When we first started doing this, we were stumped! This wasn’t straightforward. Exchanging cash was too cumbersome, writing a check meant a trip to the bank, wires cost money and ACH money [...]
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Paypal has two modes of payment – a one-time payment and a subscription or pre-approved payment. Sneaky merchants might charge you for a subscription when you might be under the impression this is a one-time payment. They can keep charging you till you cancel. How to find out if you are in fact a victim [...]
Continue reading →I appreciate the convenience offered by Paypal, making or receiving payments became as easy as sending an email. But what is Paypal? Is it a bank or a credit card provider? Neither. It isn’t regulated like a bank or like a credit card provider. Their rules are draconian – if Paypal freezes your account, they [...]
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