Electronic Payments

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  • Unregistered

    Electronic Payments

    I need to set up a way to accept electronic payments now that kids are out and that seems the most convenient for everyone. What’s the best way to do this? I was thinking either Venmo or Zelle but I’ve never used either one before. Does anyone know the difference between them?
  • megoddess444
    Daycare Member
    • Jan 2009
    • 33

    #2
    Everyone has their own preference. But I like Venmo

    Comment

    • Msdunny
      Daycare.com Member
      • Nov 2012
      • 442

      #3
      Applepay is a good option if you have a iphone.

      Comment

      • Unregistered

        #4
        Is there any charge for these?

        Comment

        • delferka
          Daycare.com Member
          • Sep 2010
          • 126

          #5
          I use Venmo. (NO Charge) I think some of my parents will be surprised to be charged if they're not here!

          Comment

          • Blackcat31
            • Oct 2010
            • 36124

            #6
            I use Zelle.

            Venmo will not side with you if a parent disputes the payment as it is specifically not meant for business use

            Here is another thread about this
            One of the posts explains the down side to Venmo

            So I think I discovered today that I am old school in how I receive payments even though non of my parents have every said anything. So I was wondering the ways you receive payment from your parents that does not charge you a fee that is easy. I was told about Venmo and Cash? anyone familiar or have any other ones you use that

            Comment

            • AmyKidsCo
              Daycare.com Member
              • Mar 2013
              • 3786

              #7
              My parents set up direct deposit from their bank account to mine.

              Comment

              • Unregistered

                #8
                My bank wasn’t on the list for Zelle. Could I still use it if I downloaded the app?

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                • Blackcat31
                  • Oct 2010
                  • 36124

                  #9
                  Originally posted by Unregistered
                  My bank wasn’t on the list for Zelle. Could I still use it if I downloaded the app?
                  My bank isn't on the list for Zelle either but only one party needs to have a bank that participates.

                  For example my bank is "Provider's Bank" and isn't on the list but "Parents Bank" IS on the list so they can send me funds as long as they have either my email address OR my phone number that is connected to my bank account.

                  I also send money to my daughter who banks at Wells Fargo (they DO participate).

                  Comment

                  • Alwaysgreener
                    Home Child Care Provider
                    • Oct 2013
                    • 2519

                    #10
                    Originally posted by samlarson
                    Venmo is the best choice and their support could help you during the setup process
                    I have venmo that I use too. But if you are not using as a business account and a parent disputes you can lose it all.

                    If you use it as a business there is a charge.

                    I like the convince of electronic payment but there are risk associated with it.

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