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Many of us use PayPal quite a bit to send and receive money, I know that I do. In fact Paypal is integrated into many online services, such as Eventbrite – so many of us use it more than we think.
There’s a new service I’ve been looking at called Zipmark, which let’s vendors/businesses/people transfer money from their bank account to the recipient’s bank account – instantly. No middleman. And, unlike services like PayPal, who charge higher transaction fees, Zipmark’s transaction fee is only 1% with a $5 cap.
Here’s a detailed overview of how it works from a Zipmark spokesperson:
Wanda’s Interior Design offered Betty a secure and easy way to pay her bill once she received her invoice. For Betty, no time was wasted cutting a paper check, placing a stamp on the envelope and inserting the letter in the mailbox or taking it to the Post Office. No money is stored using Zipmark; Zipmark is just helping open the connection between the bank accounts to send and receive money.
“Zipmark secure digital checks improve the way small businesses send and collect money from their customers by bringing check payments into the 21st century,” said Jay Bhattacharya, CEO and co-founder of Zipmark. “Zipmark is as much a risk management platform as it is a payment platform. We take on the risk of the transaction and guarantee funds to billers.”
So, if you are looking for a new alternative to paying your invoices, with reduced fees and headache, maybe Zipmark is a solution that will fit your need. Let us know if you try it and what you think.
The post Skip PayPal – Send Money From Bank to Bank With Zipmark appeared first on Small Business Technology.
Ramon Ray, Editor & Technology Evangelist, Smallbiztechnology.com
http://www.twitter.com/ramonray | http://www.facebook.com/smallbiztechnology
[email protected]
Small Business Technology Tour (Fall 2011)
http://www.smallbiztechtour.com
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2013-01-30 12:04:05