Does anyone accept payments through MMK?

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  • SunflowerMama
    Advanced Daycare.com Member
    • Mar 2010
    • 1113

    Does anyone accept payments through MMK?

    I don't know why I haven't noticed this before but just saw that MMK allows you to accept payments for $1/transaction.

    Does anyone use this service? How long do payments typically take to enter your bank account? Any info or reviews...good or bad would be great.

    Thanks!
  • Cat Herder
    Advanced Daycare.com Member
    • Dec 2010
    • 13744

    #2
    I do and I love it!

    I have mine set to take payments out on Mondays and deposit into my account on Fridays.

    I pay the $1 fee since the convenience is really for my benefit.

    The only caveat, when a holiday occurs (all "holidays") the payment will be held up until the next available date. Typically the following Monday.

    It can leave you broke over a holiday weekend or two if you forget to budget in advance. Um, not that it has ever happened to me.....::
    - Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.

    Comment

    • SunflowerMama
      Advanced Daycare.com Member
      • Mar 2010
      • 1113

      #3
      Originally posted by Cat Herder
      I do and I love it!

      I have mine set to take payments out on Mondays and deposit into my account on Fridays.

      I pay the $1 fee since the convenience is really for my benefit.

      The only caveat, when a holiday occurs (all "holidays") the payment will be held up until the next available date. Typically the following Monday.

      It can leave you broke over a holiday weekend or two if you forget to budget in advance. Um, not that it has ever happened to me.....::
      Great! So typically I have parent's drop off payment (via check) Friday for the upcoming week. So now they could pay online Friday and it would be in my account by Monday?

      Comment

      • Cat Herder
        Advanced Daycare.com Member
        • Dec 2010
        • 13744

        #4
        Hmm... Let me check.

        I think they keep it a specified number of days before putting it into your account (to earn interest? IDK, I thought the fee covered that).

        When I set it up I intended for the payments to be taken out AND deposited into my account on Mondays.

        I was almost late on bills the first time because I was not expecting to have to wait until Friday.

        I will check the handbook, again. I just have to finish a round snack first...

        EDIT: OK.... It says "the money will be deposited into your account three business days from when the transaction is made" "Payments made before 7:00pm on Monday will normally be deposited into your account on Friday. Payment made after 7:00 pm Monday would be deposited to your account on the following Monday."
        Last edited by Cat Herder; 10-23-2012, 07:08 AM. Reason: adding....
        - Unless otherwise stated, all my posts are personal opinion and worth what you paid for them.

        Comment

        • LaLa1923
          mommyof5-and going crazy
          • Oct 2012
          • 1103

          #5
          I plan on using intuit. It's safe, attaches to my iPhone and the money is deposited into my account. It costs a little more but it's worth it not to have to go to the bank!

          Comment

          • ABCDaycareMN
            Mommy to 2
            • Oct 2012
            • 371

            #6
            intuit

            Im interested in using that device? Have you already used it and had success with it?

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