Skip PayPal – Send Money From Bank to Bank With Zipmark

Many folks use PayPal quite a lot to send and receive money, i do know that I do. If truth be told Paypal is integrated into many online services, reminiscent of Eventbrite – such a lot of folks use it greater than we predict.

There’s a brand new service I’ve been staring at called  Zipmark , which let’s vendors/businesses/people transfer money from their checking account to the recipient’s checking account – instantly. No middleman.  And, unlike services like PayPal, who charge higher transaction fees, Zipmark’s transaction fee is simply 1% with a $5 cap.

Here’s an in depth overview of the way it really works from a Zipmark spokesperson:

Zipmark doesn’t require you to constantly log-in for your account to receive or pay money and isn’t a ”clearinghouse” like PayPal that’s actually moving money. Instead, Zipmark allows the payee to send money on to the payer’s bank account. Below is a step-by-step means of how Zipmark has transformed the payment process for small businesses.
  1. Wanda’s Interior Design sends her new client an invoice for $1,200 via email to her customer, Betty.
  2. Betty receives the invoice, opens it and sees various ways she will be able to pay for it (check via snail mail, PayPal or Zipmark).
  3. Betty chooses Zipmark and a link takes her to the Zipmark registration site where she authorizes her bank to send money to that exact vendor (Wanda’s Interior Design).
  4. Once registration is complete, Betty hits the “pay” button on Wanda’s electronic invoice and she or he authorizes payment for $1,200.
  5. The next day Wanda’s Interior Design accesses their checking account online and sees a cleared deposit for $1,200 from Betty.

Wanda’s Interior Design offered Betty a safe and straightforward method to pay her bill once she received her invoice. For Betty, no time was wasted cutting a paper check, placing a stamp at the envelope and inserting the letter within the mailbox or taking it to the Post Office. No money is stored using Zipmark; Zipmark is simply helping open the connection between the bank accounts to send and receive money.

“Zipmark secure digital checks improve the best way small businesses send and collect money from their customers by bringing check payments into the 21st century,” said Jay Bhattacharya, CEO and co-founding father of Zipmark. “Zipmark is as much a risk management platform because it is a payment platform. We tackle the danger of the transaction and guarantee funds to billers.” 

So, if you’re seeking a brand new alternative to paying your invoices, with reduced fees and headache, maybe Zipmark is an answer so we can suit your need.  Let us know in case you try it and what you watched.



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