Electronic banks ROB you a quarter at a time – Instant bank transfers are coming to PayPal and Venmo for a FEE!

Again making money off of just handling my money is to a point ok but when even thing this is being do is a change!

In this new cyber world we are alway looking at how to make money, so it not that strange that PayPal has decided they will make money off of charges now, instead of the old model of holding funds.  In the old model holding funds for a period time a day or so and using the interest paid from it.  Now it’s difficult for most people, as they need their money right away, and just can’t wait for as much as a week for funds to move. so go instant gratification at .25 cents a pop.

As we sit here today, it may not seem like a big deal, but as electronic payment service become more and more ubiquitous and cash less and less, you will need to shop your funding services as well.   You will need to see what works for you the wait or the cash and as usual, it will hit the poor the most as you will lose much less in the wait.

 

PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and..

Source: Instant bank transfers are coming to PayPal and Venmo

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