How Do You Receive Your Payments?

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  • rmc20021
    New Daycare.com Member
    • Jan 2013
    • 589

    How Do You Receive Your Payments?

    I have only taken either cash or check (plus my state assistance payements) so far but I've been thinking about going either bank transfers, or direct deposit or finding another way to pay.

    By the time I'm done on Friday's it's too late to get to the bank (or any other weekday for that matter) so that only leaves Saturday mornings.

    I DON'T WANT TO GET UP EARLY OR HAVE TO GET READY TO GET OUT ON SATURDAYS...that's my free day to be lazy all morning.

    What types of payments do you all accept??? and how did you go about setting it up?
  • canadiancare
    Daycare Member
    • Nov 2009
    • 552

    #2
    I have 2 parents who do online banking and the rest give me cheques.

    The store where I do my groceries also has a bank machine for my bank so I just deposit any cheques at the same time I do my shopping.

    Comment

    • Blackcat31
      • Oct 2010
      • 36124

      #3
      I accept cash, check, money orders, automatic transfers and cheesecake.

      Does your bank have an option to e-deposit or do the take a photo of the check with your smart phone and it automatically deposits? I use that option alot.

      If I know a parent banks at the same bank as I do, I request that they do an transfer from their acct to mine. They don't need my acct info, just my name and the bank takes care of the rest.

      Otherwise, I spent years doing ALL bank runs to deposit on Saturday morning.

      Comment

      • EntropyControlSpecialist
        Embracing the chaos.
        • Mar 2012
        • 7466

        #4
        My parents pay through Minute Menu Kids Pro -- childcarepay.com.

        I never have to take the money I make to the bank. It is all paid through there. I LOVE it.

        Comment

        • rmc20021
          New Daycare.com Member
          • Jan 2013
          • 589

          #5
          I haven't had much luck maneuvering my way through minute maid...maybe I'll do some more touring.

          Comment

          • wdmmom
            Advanced Daycare.com
            • Mar 2011
            • 2713

            #6
            I got sick of checks too. If parents pay monthly, I accept a check. If they pay weekly, I prefer cash.

            I offered parents the options of paying with credit cards or e-checks but no one wanted to pay the fee to utilize the service and I really didn't think I needed to absorb it either.

            I do cash, cashiers check, money order, personal check or bill pay (where their bank mails me a check.) If they are set up with their bank for bill pay, payments are to be received 3 business days before they are actually due to ensure mail delivery.

            Comment

            • rmc20021
              New Daycare.com Member
              • Jan 2013
              • 589

              #7
              went to childcarepay.com and didn't see a place to register or anything. How do I get this started so I can use it?

              Comment

              • EntropyControlSpecialist
                Embracing the chaos.
                • Mar 2012
                • 7466

                #8
                Originally posted by rmc20021
                went to childcarepay.com and didn't see a place to register or anything. How do I get this started so I can use it?
                I set mine up through Minute Menu Kids Pro. The parents log on to childcarepay.com.

                Comment

                • williams2008
                  Daycare.com Member
                  • Oct 2012
                  • 981

                  #9
                  I accept cash, check, debit/credit card. Most of my parents pay in cash, I have 1 who pay with a check and 1 who pay with a money order.

                  Comment

                  • Blackcat31
                    • Oct 2010
                    • 36124

                    #10
                    Originally posted by rmc20021
                    went to childcarepay.com and didn't see a place to register or anything. How do I get this started so I can use it?


                    HTH

                    Comment

                    • snbauser
                      Daycare.com Member
                      • Jan 2011
                      • 1385

                      #11
                      Mine usually pay by check. I have until 9pm on Friday to deposit the checks through my ATM and still have the funds available on Saturday morning. But even better now is my bank has a mobile application. I take a picture of the front and back of each check and send the images to the bank by 6pm on Friday and the money is deposited into my account that night. LOVE IT!!! No more running to the bank after work.

                      Comment

                      • MarinaVanessa
                        Family Childcare Home
                        • Jan 2010
                        • 7211

                        #12
                        I have a smart phone and my bank has mobile photo capture for deposits so I deposit my checks at home by taking a photo of them and submitting them that way. You don't have to send the checks in, so once they clear I return the checks to the DCPs. This is free to use. It takes about a business day for the deposit to clear as long as I deposit the check before 3 or 4pm.

                        I have a PayPal account that parents can use to pay me with for like a 3% fee. It takes about 24 hours for the money to clear in my PayPal account and I can transfer it to my bank account (takes about 5 days to clear) or I can use my PayPal debit card to use the funds.

                        I also have a SquareUp card reader (free for the card reader) that charges less than PayPal and you can swipe a debit or credit card or you can manually enter the information (like if the parents call me by phone). It takes 3-5 days for the money to clear in my account.

                        I use Minute Menu Kids Pro so I use ChildCarePay.com along with it. I create an invoice in Minute Menu which is emailed to the parent and the parents can log in to ChildCarePay and sign up for electronic payments and pay their fees that way. You can even set them up for automatic invoicing and they can sign up for automatic payments but you may have to go back and change the invoice coverage dates. There is a $1 per transaction fee but that's all. It takes about 5 days for the money to clear in my account.

                        I accept cash (which I don't particularly like) but I still have to go to the bank to deposit it.

                        I accept person-to-person payments through my bank for clients that bank at the same bank that I bank at. I add them to my account simply by adding the email address and telephone number that they have on file at their bank and sent them a request for the amount that they owe. They receive a text message and/or email alert and then login to their account (either online or on their phone) and sent the payment, I get an alert that the payment was sent and I verify the amount and accept the payment. This is free. Payment is in my account within 24 hours.

                        Comment

                        • Sugar Magnolia
                          Blossoms Blooming
                          • Apr 2011
                          • 2647

                          #13
                          Cash, check, Paypal and credit card. DON'T do credit cards, unless you enjoy flushing money down the toilet. When my awful contract is up, switching to Square One. Paypal is really cool and affordable prices.

                          Comment

                          • EchoMom
                            Daycare.com Member
                            • May 2012
                            • 729

                            #14
                            99% of the time I get checks. Rarely cash. 1 family that does bank transfer.

                            Comment

                            • cherryhill
                              Daycare.com Member
                              • Aug 2010
                              • 169

                              #15
                              I have one parent that pays me through Chase transfer bi weekly. I have another pay me through there checking account as a bill. It comes in the mail by Friday. I have another parent that pays me bi-weekly through check and the last family pays me weekly with a check. I have snap deposit with my bank so I can the deposit the check with my phone.

                              Comment

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