Replies to post #231843 on MyECheck, Inc. (fka MYEC)

[GenesisX]

The CEO's entire angle is no interchange fees for merchants. That now appears to be an insignificant selling point since major retailers are backing eMobile's competitor who also claims to reduce those same processing fees.

Major retailers vs Dick Sushi? Advantage, Chase

Whatever the difference may be in fees, it's meaningless to consumers.

If a consumer is worried about privacy and security, are they more likely to use their banks payment app, or are they going to link their bank account to a penny stock company's app? The answer is obvious.

Consumers are more likely to use their banks mobile payment app which allows them to load with debit/credit/prepaid/checking and has customer support services. A mobile wallet that also allows people to send money to each other.

Why link your bank account to a 3rd party with no support services?

If I understand correctly as a business owner, I can quickly download eMobile, register my business and begin accepting payments. One big caveat. I also need to convince my customers to go home, register and link their checking accounts to the app and then come back to purchase services. Sounds like an extra pain in the ass for me. I should just accept Chase Pay and their 90 million potential users.

eMobile - It's snot relevant.

[windansea]

BHE: I do not know what version of Chase QuickPay you are referring to.
Several of my tenants pay their rent every month via Chase QuickPay and there is absolutely no fee or charge collected by the bank. The only requirements are that both the payer and the payee have current Chase bank accounts and sign up to use Chase QuickPay. There is a $2000 limit to any single payment, so my tenants with a higher than $2000 rent, just makes a 2nd Chase QuickPay for the remaining amount. Signing up for Chase QuickPay can be daunting. I have Kaspersky internet protection, which opens a special protected browser whenever the web site of a financial entity is used. It does not like Chase's several levels of security and there was also a issue with the "cookies" settings of my computer. But now that I have that is all cleared up, Chase QuickPay is working great. There is an instant deposit to my account when I "ACCEPT" the e-mail notification that funds have been sent to me. I do not know if there is a lag on the sending end.