On 8 Oct 2012 at 12:49, Robert J. Lang wrote: > >Another possibility I've recently investigated for another > organization > >is PopMoney. > >They don't charge $$$ but they sit on the transfer for a few days, > which > >is how I think they're making their money. In this case, we don't > mind > >the few extra days as it means more $$ for us. (I haven't been > following > >this closely enough to know if you've investigated using them or > not.) > > Hadn't heard of them before, sounds worth looking into. Thanks!
I think this is even *WORSE* than paypal. It is another dwollah-like service and is, basically, an electronic debit card. And I can't see any conflict-resolution machinery on the popmoney page [nor did I see any on the dwollah page, in case they caught your eye]. I think a consumer would have to be *NUTS* to use either service: Basically, your money is *GONE*, right up front. No float, no billing.. just _gone_ from your bank account. And if the transaction falls through -- what recourse do you have? If you're billed $10,000 instead of $10, what recourse do you have? If you're sent the wrong thing [or nothing], what recourse do you have? If the item is out of stock and they tell you we'll ship it in four or five months, what recourse do you have? [and remember: at that point the *money*is*gone* and you have to fight to get it back -- neither they nor the intermediary have any compelling reason to sort the mess out [they have your money, so why should they rush?] and there's no legal club [short of small claims court or something] to get it sorted out if they don't feel like cooperating. My advice is, still, stick with good old, federal-law-protected, credit cards. /Bernie\ -- Bernie Cosell Fantasy Farm Fibers mailto:[email protected] Pearisburg, VA --> Too many people, too few sheep <--
