IBAN transfer, as mentioned a couple times upthread. All the banks here have dedicated apps and bank account numbers are not confidential. Easy peasy.
Cash , check ,Venmo or Zelle. I never take payments from people I don’t know , so that’s not an issue . I do think I had to do something to start using Zelle. It’s in my bank’s app but I think I had to enroll my email address/phone number
It might not be a debit card tied to a bank account - could be a payroll debit card.
The short version is that my credit union doesn’t have Zelle integrated into their website/app (They use a different payment system for sending people money). In theory one can still manually sign up to use Zelle, but their sign up process requires providing a debit card number (not the checking account number) and that card needs to be ‘fast funds enabled’ (I just got the correct term from Zelle’s FAQ). Mine apparently does not support that feature, and since that’s the only checking account I have I had no way to receive the funds.
From their FAQ:
@WildaBeast; thanks for the explanation. Very interesting. Today I learned.
My daughters and I bank at the same credit union and are set up to be able to instantly transfer money to each other’s accounts. We can’t see what’s in each other’s accounts and we can’t take money out of each other’s accounts.
Otherwise, Zelle, or a personal check if I know the person.
Almost everyone personal pays me Zelle these days. I have Venmo, too, but prefer Zelle. And businesses still pay me (as an independent contractor) in checks for the most part. Some smaller businesses will do Zelle, but large clients are all checks.
Cash, check, money order, PayPal if you insist though I almost never use it, or barter if you offer something I need. (I took part of a field rent payment in dressed-out chickens last fall.) At market, FMNP coupons if you’ve got those.
?? What are those?
Farmers’ Market Nutrition Program coupons. Available to people getting WIC and to low-income people over 65 (I think it’s 65); good for fruits, vegetables, and edible herbs.
I’ll admit I was surprised yesterday. I was in a brick-and-mortar bookstore and they told me they don’t accept cash as payment.
Don’t businesses pay a surcharge on credit card sales? Shouldn’t a business prefer cash sales from a financial standpoint? Let alone the loss of potential sales from customers who don’t want to use a credit card.
It’s a lot more expensive for most businesses to deal with cash.
Why?
…
If you’re Japanese over a certain age*, cash is still king. I don’t know what those young people are doing, probably all hip with the electronic stuff, like here.
For me, Paypal if you’re buying something from me at a distance (otherwise cash); I also accept checks, Zelle, or electronic transfer
*My idiot Japanese sisters-in-law sent my husband a Christmas card, from Japan, with Japanese cash in it. It never arrived. Color me unsurprised. They probably used one of those gold-decorated envelopes that screams “money inside!”
Here’s a whole recent thread on the cash vs credit tradeoffs for both consumers and businesses:
As mentioned upthread, in Canada we can do transfers pretty much instantly. I’ve seen adverts for a new aspect, where the bright young things eating out together can split the bill electronically at the table, so the couple pays for two, the singletons pay their own, and so on. Also saw it being touted before Christmas to allow the grown kids to make a big purchase for mom and dad’s Christmas present, and each one chips in their share electronically to the kid who is handling the purchase.
Cash, check, Zelle, Venmo, or PayPal. I do still get a paper check from time to time (including from my father), but I can easily deposit those using my bank’s phone app.
I use paypal or cashapp.
So far, Paypal is the leader with my older friends, Zelle with the younger crowd, venmo infrequently, then cash. I don’t recall ever writing a check to a friend/family member in the past 20-30 years.
Cash, check, Zelle, or PayPal. Zelle much preferred, as it’s the fastest and (I think) most secure. But not everyone has it set up. PayPal least preferred, since it takes much longer to get the money into my bank account.