Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [electronic-payment]

34 questions
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In the US, is it normal to not include an electronic way to pay rent?

A property manager requires rent to be paid using check. Is it normal that rent cannot be paid using electronic methods such as a credit/debit card, or a bank transfer, or Paypal, or anything electronic? Can checks be obtained without going into a…
det
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Do institutions have right to ask for your credit card security code and all other CC data?

A school wants my credit card data including a security code. They've sent me a form to fill in about my card. As I know security code is something that shouldn't be shared publicly. Should I provide it to them?
Green
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1 answer

Friend accidentally Venmo'd me rent as a commercial Venmo transaction. What are the tax implications of this?

I pay the full rent to our landlord and my friend sends me his share. When using Venmo, he accidentally ticked the 'goods and services' option which marks it as a commercial transaction. He sent me $725 which is over the $600 IRS limit. I spoke with…
rsn
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Is online payment with credit card equal to giving merchant whole wallet to take the money we agreed upon?

I'm curious about how the credit cards work. When you do a bank transfer it is you who tells your "bank account" what amount to send and where to send it. When you pay with credit card it seems reverse. You give all required card details to merchant…
john468144631
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Checking system vs. SEPA and the like

My first question here was inspired by the massive load of questions labeled scam here, especially the once involving checks. If this is too broad or off topic in some way please let me know so I can improve and/or narrow down the question a bit. My…
iLuvLogix
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Should I pay rent electronically?

I'm renting an apartment from an individual. The landlord and I discussed the possibility of paying rent electronically. My bank (BofA) has some kind of electronic payment option where I'd enter the payee's account number and use that instead of…
MWB
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Are ACH transfers between individuals possible?

All the information I've found on ACH transfers for individuals apply to the scenario in which the individual makes payments to an institution of some kind (usually a business). But are ACH transfers between indviduals possible? (Or, more…
kjo
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How to be sure that a payment cannot be reverted?

Many scam schemes are based upon sending some money to the victim and make them forward it. Then the first transaction is reverted and the victim has to take the loss. The concept of the reversibility of transaction can be extended on any purchase:…
dg3
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The equivalent of the standing order in the internet age for the UK specifically

I have purchased a parking spot in a busy town which I want to rent out for a monthly fee. I have found someone who wants to pay a rent and is happy to have an arrangement indefinitely. When I have done similar things in the past when I had a…
user619818
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Is there a threshold at which estimated taxes must be paid electronically?

In the United States, is there an income or tax threshold above which an individual is required to make their estimated quarterly tax payments by electronic means?
WilliamKF
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Can I make PayPal release pending balance on personal payment sooner than 30 days?

My uncle and my brother sent me some money over paypal recently, but it says I have to wait 30 days to receive it. It was made as personal payment. Is there any way to get that money any faster? I have just recently activated my account to recieve…
Jinx
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Can wire transfers be reversed? Is there a law or regulation providing for it?

Can wire transfers be reversed? Is this codified into United States or International regulation/law anywhere?
Kinnard Hockenhull
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Spain: Convert cash to electronic money?

I am in Spain, have some cash, and would like to move that to a German bank account. I asked at Deutsche Bank Spain, and they said that to do that, I would need an account at their bank. Note that while I do have a Deutsche Bank account, it's at…
feklee
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Why Debit MasterCard if there is already Maestro?

In some parts of the world MasterCard is offering its "Debit MasterCard" instead of or alongside its Maestro brand which is a debit only system. Question is: Which one has been there longer and why would they introduce the other one? I suppose they…
Arminius
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ACH processing time of day

As I understand it, ACH transactions are not processed when a customer initiates them, but rather batched by the institution and processed at once. Is there a standardized time of day that the transfer actually happens or is it dependent upon the…
arcyqwerty
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