Anyone heard of Checkfree?

Discussion in 'After Hours Lounge (Off Topic)' started by alan halvorson, Aug 23, 2005.

  1. alan halvorson

    alan halvorson Cinematographer

    Joined:
    Oct 2, 1998
    Messages:
    2,009
    Likes Received:
    0
    Trophy Points:
    0
    After Ebay bought PAYPAL and discontinued its own payment service, I thought that left PAYPAL as the only payment service. I was poking around Ebay and found a seller with an icon from another payment service called Checkfree. Its claim to fame is that it's cheaper than PAYPAL (1.85% vs. 2.9%) and that it uses eBay's Authentication & Authorization Process for seller verification.

    Payment method seems to be simply money transfers from buyers bank account to sellers bank account; it appears that Checkfree does not allow buyers to use credit cards for purchases. That's a plus for some sellers, a minus for others.

    Is this a legitimate service? Anyone ever use Checkfree and have an opinion about them? I do not like the idea that they ask for your Social Security number.
     
  2. Steve Tannehill

    Steve Tannehill Ambassador

    Joined:
    Jul 6, 1997
    Messages:
    5,547
    Likes Received:
    215
    Trophy Points:
    0
    Location:
    DFW
    Real Name:
    Steve Tannehill
    They are legit, and from what I've seen, easy-to-use.

    - Steve
     
  3. george kaplan

    george kaplan Executive Producer

    Joined:
    Mar 14, 2001
    Messages:
    13,063
    Likes Received:
    2
    Trophy Points:
    0
    They may be legit, but I wouldn't give them my social security number. That's just asking for trouble.
     
  4. Scott Merryfield

    Scott Merryfield Executive Producer

    Joined:
    Dec 16, 1998
    Messages:
    12,308
    Likes Received:
    1,066
    Trophy Points:
    9,110
    Location:
    Michigan
    Checkfree has been around for quite a few years. I used them for electronic bill paying with Quicken many years ago before my bank offered the service.
     
  5. Joseph DeMartino

    Joseph DeMartino Lead Actor

    Joined:
    Jun 30, 1997
    Messages:
    8,311
    Likes Received:
    13
    Trophy Points:
    0
    Location:
    Florida
    Real Name:
    Joseph DeMartino
    I know of many merchants who use Checkfree - you can often see a Checkfree sticker in the window of convenience stores, gas stations and similar businesses. They're hardly a fly-by-night operation and giving them your social security number is no more dangerous than giving it to a bank, credit card company or other financial company.

    Regards,

    Joe
     
  6. Nathan*W

    Nathan*W Screenwriter

    Joined:
    Sep 9, 2001
    Messages:
    1,079
    Likes Received:
    2
    Trophy Points:
    110
    Real Name:
    Nathan
    +1. Couln't have said it better, myself.
     
  7. Chris Lockwood

    Chris Lockwood Producer

    Joined:
    Apr 21, 1999
    Messages:
    3,215
    Likes Received:
    0
    Trophy Points:
    0
    If you're looking at using this as a seller, I wouldn't do it. If you don't accept Paypal you'll miss out on a lot of potential buyers.
     
  8. Mark Fontana

    Mark Fontana Stunt Coordinator

    Joined:
    Aug 26, 1999
    Messages:
    83
    Likes Received:
    0
    Trophy Points:
    0
    Real Name:
    Mark
    Most of the banks who appear to offer their own electronic bill payment services actually contract things out to Checkfree behind the scenes. During college, I briefly worked as a CSR for Checkfree in their wholesale banking division. The phones told us which bank to answer as for each incoming call.
     
  9. Joseph DeMartino

    Joseph DeMartino Lead Actor

    Joined:
    Jun 30, 1997
    Messages:
    8,311
    Likes Received:
    13
    Trophy Points:
    0
    Location:
    Florida
    Real Name:
    Joseph DeMartino


    Is there some rule that says a seller can't accept both? That way alan gets the benefit of the lower rate from CheckFree on sales using that option while still being able to accept payment from PayPal users.

    Regards,

    Joe
     
  10. Chris Lockwood

    Chris Lockwood Producer

    Joined:
    Apr 21, 1999
    Messages:
    3,215
    Likes Received:
    0
    Trophy Points:
    0
    > Is there some rule that says a seller can't accept both? That way alan gets the benefit of the lower rate from CheckFree on sales using that option while still being able to accept payment from PayPal users.

    He said CheckFree doesn't allow credit cards, so why pay their fee at all? A Paypal account that can't accept credit cards doesn't have to pay a fee to receive money.

    I have to think very few buyers are going to choose CheckFree for ebay purchases if they've never heard of it.
     
  11. alan halvorson

    alan halvorson Cinematographer

    Joined:
    Oct 2, 1998
    Messages:
    2,009
    Likes Received:
    0
    Trophy Points:
    0
    I'm wasn't looking to use Checkfree, I was just curious about it. But now I might.

    No reason a seller can't use both payment services. It will up to the buyer which he prefers and if he prefers Checkfree, the seller will save a bit on the fee.

    PAYPAL accounts that don't accept credit cards and are not charged a fee are limited by PAYPAL and aren't of much use to anyone who does a lot of selling on Ebay, as I do. For these sellers, only a Premier or Business account, with fees, will work. Furthermore, despite their extra risk, if you don't accept credit cards you will lose sales.
     
  12. todbnla

    todbnla Screenwriter

    Joined:
    Oct 17, 1999
    Messages:
    1,514
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    39466
    Real Name:
    Todd
    My electric company uses "check free" works great!
     
  13. Chris Lockwood

    Chris Lockwood Producer

    Joined:
    Apr 21, 1999
    Messages:
    3,215
    Likes Received:
    0
    Trophy Points:
    0
    > PAYPAL accounts that don't accept credit cards and are not charged a fee are limited by PAYPAL and aren't of much use to anyone who does a lot of selling on Ebay, as I do. For these sellers, only a Premier or Business account, with fees, will work. Furthermore, despite their extra risk, if you don't accept credit cards you will lose sales.

    Which is it then? The free Paypal account that doesn't take credit cards, or the Check(not)free one that also doesn't?

    Thanks for making my point.
     
  14. alan halvorson

    alan halvorson Cinematographer

    Joined:
    Oct 2, 1998
    Messages:
    2,009
    Likes Received:
    0
    Trophy Points:
    0
    I guess I don't understand what point you're trying to make, Chris.

    I cannot use a no-fee PAYPAL account because of the limits placed on it by PAYPAL. Both PAYPAL and Checkfree are free to the buyer; the buyer can use whichever service he feels comfortable with. Some people, apparently, have heard of Checkfree and it would be an advantage to me, the seller, if they used it because of the lower fees. But I wouldn't require it.
     

Share This Page