Questions tagged [electronic-payment]

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3
votes
2answers
259 views

What is the safest method of receiving payment for expensive items being sold on Gumtree?

I intend to try to sell a laptop on Gumtree. Since this is my first time selling something online, my knowledge of this is near zero. I've researched the safest ways to sell items on Gumtree and I'...
1
vote
1answer
90 views

Cheap payment processing options apart from credit card [closed]

I receive check payments from some customers who mail it to me. Recently, some priority mail express packages have had to be redelivered or lost. Yes, they do lose mail! I spoke to a local mailman who ...
40
votes
5answers
8k views

Do institutions have right to ask for your credit card security code and all other CC data?

A school wants my credit card data including a security code. They've sent me a form to fill in about my card. As I know security code is something that shouldn't be shared publicly. Should I provide ...
2
votes
2answers
124 views

Interaction-less payments, how do they work?

I've seen a lot of payment gateways offer subscription payments: the user agrees to pay a recurrent fee at a fixed interval. However, there are also services in which you pay a variable pay-as-you-go ...
7
votes
2answers
492 views

How to be sure that a payment cannot be reverted?

Many scam schemes are based upon sending some money to the victim and make them forward it. Then the first transaction is reverted and the victim has to take the loss. The concept of the reversibility ...
5
votes
1answer
428 views

The equivalent of the standing order in the internet age for the UK specifically

I have purchased a parking spot in a busy town which I want to rent out for a monthly fee. I have found someone who wants to pay a rent and is happy to have an arrangement indefinitely. When I have ...
3
votes
1answer
646 views

Why Debit MasterCard if there is already Maestro?

In some parts of the world MasterCard is offering its "Debit MasterCard" instead of or alongside its Maestro brand which is a debit only system. Question is: Which one has been there longer and why ...
3
votes
1answer
3k views

Are ACH transfers between individuals possible?

All the information I've found on ACH transfers for individuals apply to the scenario in which the individual makes payments to an institution of some kind (usually a business). But are ACH transfers ...
1
vote
1answer
67 views

Use of Electronic Wallets

I was wondering if anyone knows of any inherent security risk(s) to using Electronic Wallets, such as Android Pay, Apple Pay, Samsung Pay, etc, where it would put the individuals money at risk? I am ...
3
votes
2answers
617 views

ACH processing time of day

As I understand it, ACH transactions are not processed when a customer initiates them, but rather batched by the institution and processed at once. Is there a standardized time of day that the ...
1
vote
0answers
259 views

EU company selling internet services to US customer, any tax?

I know that companies from US selling electronic goods to EU customers over internet need to charge and pay EU tax rate. For example if the company from US with no physical location in EU sells web ...
1
vote
0answers
4k views

How to transfer funds online from a Canadian CIBC account to RBC instantly?

I thought Interac transfer is instant but my mom wants to send me money from her CIBC account but she said it takes 2-3 business days? What method can be used to transfer from a CIBC checking to a ...
10
votes
3answers
8k views

Should I pay rent electronically?

I'm renting an apartment from an individual. The landlord and I discussed the possibility of paying rent electronically. My bank (BofA) has some kind of electronic payment option where I'd enter the ...
2
votes
1answer
132 views

Canadian accepting money electronically from Americans

What are some methods I can receive money from someone in the States if Paypal is out of the question? I run a small electronic cigarette company, and I'm finding it hard to find an easy method to do ...
3
votes
4answers
1k views

What are some options for sending and receiving money electronically?

I occasionally sell items via Kijiji and Craigslist in Canada, and while cash is convenient sometimes it's easier to do electronic transfers, or even have the ability to accept credit card in person. ...
0
votes
1answer
96 views

Are U.S. mobile provider contactless payment services compatible with similar systems abroad?

With major U.S. mobile service providers rolling out Isis (contactless payment using a cell phone) and Google Wallet tap and pay gaining popularity, I wonder if these payments are compatible with ...
3
votes
3answers
23k views

Can I make PayPal release pending balance on personal payment sooner than 30 days?

My uncle and my brother sent me some money over paypal recently, but it says I have to wait 30 days to receive it. It was made as personal payment. Is there any way to get that money any faster? I ...
4
votes
2answers
10k views

Can wire transfers be reversed? Is there a law or regulation providing for it?

Can wire transfers be reversed? Is this codified into United States or International regulation/law anywhere?
4
votes
2answers
526 views

Spain: Convert cash to electronic money?

I am in Spain, have some cash, and would like to move that to a German bank account. I asked at Deutsche Bank Spain, and they said that to do that, I would need an account at their bank. Note that ...
1
vote
1answer
123 views

How are bank accounts linked to other accounts?

How do services like Square link bank accounts to people's personal accounts? Is there some API they're plugging into? Is this the same as ACH?
5
votes
2answers
190 views

Is there a threshold at which estimated taxes must be paid electronically?

In the United States, is there an income or tax threshold above which an individual is required to make their estimated quarterly tax payments by electronic means?
-2
votes
1answer
1k views

Must all details match exactly if receiving payment via my personal bank account?

I want to use my personal bank account to receive payment for my work e.g. as a first-time software developer. I found a company who wants to list my application for sale in their online store. To ...