Gracious Gee Whiz Guys - I didn't mean to rile you all up.
Being a first time FOG CLASSIFIED's seller - Working with a first time FOG CLASSIFIED's buyer -
We were looking for a "no cost", easy way to quickly effect our transaction -
Transferring funds thru our different, (but both) national banks.
Each looking to our own banks - We found out that Zelle (according to our banks) -
Is a U.S. based digital payments network owned by Early Warning Services, a private financial services company -
Which is owned by the banks: Bank of America, BB&T, Capital One, JPMorgan Chase, PNC Bank, US Bank, Citibank and Wells Fargo.
Apparently, Zelle has replaced what were their own individual, proprietary P2P $$ Transfer programs.
I called my guy - An officer at my local U.S. Bank - And he told me that he has personally been using Zelle -
To make car payments, rent payments, pay his electric bills, and a variety of other personal bills -
As well, as sending $$$ to his grand kids for spending money.
He then helped me set up my own Zelle-U.S. Bank connected application.
My buyer, who had a checking account at his Chase Bank did the same thing - Setting up his Zelle-Chase Bank application On-Line.
The $1,000 funds transfer for the hand planes I sold to him - Was quick and easy - And worked flawlessly.
I use PayPal to buy stuff all the time. But... I must also say that -
During the last two weeks - I've attempted to use PayPal - To buy airline tickets On-Line -
For two separate trips - From two different national carriers.
I buy a lot of airline tickets - On-line - So I've got plenty of experience doing it.
Given the payment choice - I tried to pay with PayPal both times - And both carriers systems "hung".
I finally had to pay for the tickets using my MasterCard directly.
I'm just guessing - But I'll bet those airlines do a lot more business On-Line - Than the FOG's Classified section.
So Here's The Deal:
[member=5277]Alex[/member] -
I hope that answers: "... what that guy is thinking for posting it".
And NO. I'm definitely NOT "advertising" for Zelle. If you don't like it - Don't use it.
I couldn't care less what anyone uses to transact their business:
PayPal, Zelle, hand written checks; or even rocks.[wink] To each his own.
My buyer and I found something that worked great for our transaction -
And I was simply trying to pass on to fellow FOG members another way to conduct business.
Personally - Going forward - If I'm selling or buying something in the FOG Classified section -
I'll continue to use the vehicle the buyer/seller thinks is the best way we both can agree on.
[member=1674]Peter Halle[/member] -
Thx for your patience and letting this discussion happen.
