In the UK (and plenty of other countries, I'm sure) I get a notification for every payment from my banking app and/or Google Wallet (usually both, since I use GPay a lot).
Thankfully, they still support my favorite way to pay: dropping an envelope filled with various cash currencies and your account number on a slip of paper in a mailbox at a random airport.
That's terrible. I've never used it though, as an Australian. The name does sound vaguely familiar though. Are there any businesses that actually require you to use it? I've never seen one.
I usually pay for airlines with my credit card, now they aren't allowed to charge as large fees as they used to. Before that, I'd used BPay instead (which I still use for a lot of bills).
Most of my contractors (house) charge 2% more for visa/mc so I give them checks. I pay my car insurance by check in person because my bank and insurance company routinely lose automated payments of any kind. In person I usually pay with ApplePay or a chip CC, and routinely refuse to shop at places (looking at you Pei Wei) who refuse to accept Apple Pay or chip cards. The cash in my wallet sits there for months.
I'm kind of curious - is this new to the US market ? There was Paypal BillMeLater, etc. In India - we have something called EMI (Equated Monthly Installments) which a lot of credit card companies do for certain online purchases (like mobile phones, etc.)
Also there’s BPAY for bills and things which must be pretty cheap to vendors because it’s almost always an option for any kind of internet/phone/utility etc. invoice and never has a surcharge unlike credit card payments sometimes do.
I’ve seen it for web payments but it’s not ideal because of the delay (usually like next business day) in processing.
Yes, I pay all my bills by bank transfer (house, electric, internet, settlements with friends etc). It's the most common payment method here (I'm in Europe).
PayPal et al are barely used here because the bank transfer system is free and frictionless.
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