Email money transfer from bank account, not CC

[tntpower]

Hi folks,

I am interested in instant email money transfer service (transfer between bank accounts, not CC). I know major Canadian banks provide such service Certapay. How about US? I don't have US bank account so have no idea.

How about other countries?

[edited by: lorax at 11:56 am (utc) on April 22, 2005]
[edit reason] no URLs please [/edit]

[tntpower]

What a funny! without this URL, can you think folks will know what it is quite well? I am not an affiliate to this service.

[Corey Bryant]

In the United States, it is ACH & governed by NACHA

-Corey

[tntpower]

Is that real-time? I used to use paystone. But it takes a long time to load money,up to two days.

[Corey Bryant]

Well it goes thru the system, but if the client does not have the money, it can be rejected - just like a check. Privacy laws prevent people from actually seeing how much money you have in your checking account

-Corey

[tntpower]

That's not good. I do not like credit card as payment option because of the possibility of chargeback; but the NSF of cheque is worse. An ideal payment solution is to withdraw from bank account immediately; if no sufficient money, the payment fails.

[blaze]

Yeah, you'd think the banks would be all over this.

Why give all the money to middlemen like PayPal and Visa?

If it's a security issue, then just let people open up seperate accounts at their bank and transfer money into those accounts via the web.