You're currently viewing posts by Pinsider highvoltage.
Click here to go back to viewing the entire thread.
I started using Zelle electronic bank payment for selling some pinball parts. It's nice since it doesn't have fees like paypal. I'm wondering if anyone has more experience with Zelle? Is it any better/worse than paypal as far as risks and things that can go wrong?
I see there was some minimal comment on it a year ago in this thread: wondering if anyone has experiences to share by now?
Quoted from YeOldPinPlayer:Enroll with the Zelle® App Using Your Online Banking Username & Password
https://www.zellepay.com/link
"Some banks let you enroll with the Zelle app using your online banking username and password. If your bank supports this feature, it’s an easy way to link your bank account."
Can you think of anything that could go wrong giving a third party direct access to your bank account?
Who said anything about Zelle Mobile or third-party apps? 
You seem to be misinformed as to how Zelle works: I don't use any apps, haven't given any third-party access. I have an email address associated with my bank account. I give a buyer my email address, and they send me the money specifying my email address. No apps are involved unless the buyer is using one, but I don't think that's necessary either, you just use your online bank account.
I'm wondering if anyone has experienced disputes or the like mischief as with paypal.
Quoted from Coyote:USAA started pushing it. I said no thanks, since the user agreement I got from USAA for Zelle **specifically stated** that they would collect my phone number and use it in marketing campaigns. I don't know if it's changed now, but.. eyah, no.
I wonder if that's the app only: I have been using Zelle on my Chase online account with email only (not mobile phone) and have never received a marketing call.
Quoted from YeOldPinPlayer:Zelle seems to be misinformed, the quote is directly from their FAQ.
Thanks for your concern, but it's obvious you were more interested in being a smart ass than contribute anything useful: making non-relevant quips about mobile apps.
Quoted from YeOldPinPlayer:PITFALL ALERT: Zelle and Chase have a relationship. The details of that relationship are somewhere
Duh... exactly why I'm asking about people's experiences and comparison to Paypal.
Below are the terms, but as with most of these things it's difficult to infer practical implications, which is why it's always interesting to hear about other's experiences.
https://www.chase.com/content/dam/mobile/en/legacy/documents/legal-docs/chasenet_la.pdf
That might actually be true, similar to linking a bank account to paypal, which I've avoided until now, but have sold more than I buy with paypal so have been looking for other options.
But if one has to accept electronic payment some way, if it's between Paypal & fees & bank-linking versus no-fees & Zelle, the latter seems preferable to me.
Need to do some more googling, but it actually sounds like selling with Zelle is a better option based on reports like these. Sounds like Zelle doesn't get involved and banks are much less likely to reverse than paypal or venmo.
https://www.theverge.com/2018/2/16/17021656/zelle-venmo-scam-false-transactions-bank-app-no-refunds
You're currently viewing posts by Pinsider highvoltage.
Click here to go back to viewing the entire thread.
Wanna join the discussion? Please sign in to reply to this topic.
Great to see you're enjoying Pinside! Did you know Pinside is able to run without any 3rd-party banners or ads, thanks to the support from our visitors? Please consider a donation to Pinside and get anext to your username to show for it! Or better yet, subscribe to Pinside+!
This page was printed from https://pinside.com/pinball/forum/topic/how-to-not-get-ripped-off-in-pinball-vids-guide?tu=highvoltage and we tried optimising it for printing. Some page elements may have been deliberately hidden.
Scan the QR code on the left to jump to the URL this document was printed from.
