InvestorsHub Logo
Followers 123
Posts 6709
Boards Moderated 0
Alias Born 03/01/2011

Re: MODiFiEDZ post# 116826

Thursday, 04/17/2014 7:27:24 PM

Thursday, April 17, 2014 7:27:24 PM

Post# of 298910
Its for people who dont have bank account access, so they CANT use the MYEC app. If someone needed money out of state theyd have to wire this person Western Union for a big fee and rare locations. Or have Walmart do it for less and more convenience. Myec certainly fits the bill because the money can be moved quickly and verified, whether from a persons bank account or sending cash to cash.

Its sad to say, but a shocking number of Walmart customers AND employees dont have bank accounts. Also, it also makes a number, albeit small, of that group more likely to owe small amounts of cash. Heck, even some employees would probably move cash around town or out of state if they needed to.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.