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PayPal Alternative? - What's your opinion?

I'm thinking about opening an electronic checking account with ING that would allow me to avoid PayPal fees. Basically the account would allow me to send money to anyone as long as I had their email address. Once I direct the funds to go to that person, ING pulls the money from my account, and sends the recipient an email that money is available. The recipient clicks the link in the email, inputs their own bank routing number and account number, and - zip - the money is theirs.

Does anyone already use this? Or would you be willing to input your bank info to receive money in this way?
128x128grannyring

Showing 1 response by richard_stacy

richard_stacy
686 posts
 
I hate Paypal and have been screwed but it is the best solution I know of.

There is a way to use Paypal with no fee, not an echeck. Using the Personal transfer tab on the send money page there is zero fee for either party. You must have the funds in your Paypal account...not bank transfer or cc. I have not paid a fee in a very long time.

There was talk a ways back about Google starting a similar service but I guess it has gone away. Too bad because I am pretty pleased with everything they have done so far.
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