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I have been using PayPal off and on since 2012 for 2 main reasons.
1 - Convenience, I didn't have to enter a credit card every time I purchased from a site other than usual trusted sites where I store my payment information, like Amazon, and sending payments to friends/family was simple.
2 - Peace of mind.
I recently found that the assumption of (2) was wrong, so I fired PayPal. I don't want to get into the details. Beyond being therapeutic, it won't really make life better moving forward.
That brings me to the question, since I have fired PayPal, I am sure that someone will want to send me, or more likely, have me send them money. Before I go out and research the providers on my own, I thought I would come here. What do Soylentils suggest for peer to peer payments?
(Score: 2, Interesting) by j-beda on Thursday December 01 2016, @07:58PM
For transfers between friends and family, e-Transfer is workable. Depending on your banking package, there is probably a per-transaction fee and there are limitations on how large of a transfer can be made.
http://interac.ca/en/interac-e-transfer-consumer.html [interac.ca]
There seem to be similar systems for many US banks.
Aleternatively, or additionally, most Canadian and American banks now allow you to use a smart phone to do photo-deposits of cheques, for free, so breaking out the old chequebook is not as bad as when the recipient needed to visit a bank or ATM to make a deposit. I did manage to have my sister across the continet email me the image of a cheque (front and back) made out to me which I then doctored with my signature and then used my phone to take a picture of the computer screen to make the deposit - this saved the cost of postage and the time it would take for the cheque to travel to me. Maybe not something to do all the time, but it did make a single transaction a lot easier than actually dealing with paper cheques the whole way.