How do you prefer to receive money/get paid?

38 replies
Getting paid is pretty obvious part of the business so how do you prefer to receive money?

If I missed some channel/service, please do point it out
#money or get #paid #prefer #receive
  • Profile picture of the author Walter Parrish
    Originally Posted by Stephen Root View Post

    Getting paid is pretty obvious part of the business so how do you prefer to receive money?

    If I missed some channel/service, please do point it out
    You missed "In my hand" lol

    I prefer instant payments without the middle man holding my cash.
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    • Profile picture of the author Stephen Root
      Originally Posted by Walter Parrish View Post

      You missed "In my hand" lol

      I prefer instant payments without the middle man holding my cash.
      Hah, true

      Though it would be awfully impractical to get people traveling to you (or you to them) from all over the world if you want to give them money every month
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      • Profile picture of the author Daniel Evans
        I'm going to sound like a broken record, but it depends on what I'm selling.

        Some things just aren't suited to PayPal and others aren't suited to CB and visa versa.

        Daniel
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        • Profile picture of the author Stephen Root
          Originally Posted by Daniel Evans View Post

          I'm going to sound like a broken record, but it depends on what I'm selling.

          Some things just aren't suited to PayPal and others aren't suited to CB and visa versa.

          Daniel
          Just realized I forgot ClickBank...
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  • Profile picture of the author John Atkins
    I prefer paypal. It's easy to use and I've never had
    any problems with them.
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    • Profile picture of the author Stephen Root
      Originally Posted by IM Headlines View Post

      I prefer paypal. It's easy to use and I've never had
      any problems with them.
      You don't have to look very far to find a "few" horror stories about them
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    • Profile picture of the author Jonathan Branson
      Originally Posted by IM Headlines View Post

      I prefer paypal. It's easy to use and I've never had
      any problems with them.
      We Too, we accept only PayPal in our Company it's the best way to accept payments.
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  • Profile picture of the author BAC
    First preference By Check and second by bank Transfer never PayPal (only due to higher fees)

    Thanks,
    VGM
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  • Profile picture of the author Joel Young
    PayPal, until recent horror stories about accounts getting frozen because of sudden increase of income. I'm on the verge of having one of those sudden increases, so I'm checking into other processors. I used 2Checkout years ago, so I may go back to them.
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    • Profile picture of the author Stephen Root
      Originally Posted by Joel Young View Post

      PayPal, until recent horror stories about accounts getting frozen because of sudden increase of income. I'm on the verge of having one of those sudden increases, so I'm checking into other processors. I used 2Checkout years ago, so I may go back to them.
      PayPal also has a history of freezing accounts without proper reason that absolutely requires freezing the account. And on top of that then they can be very hard to work with to resolve the issue.

      As for merchant services, we are currently going to use 2Checkout for IMSaurus.com. They look like most dependable solution. Of course optimal solution would be to use payment gateway like Sagepay and build your own billing system but that requires way more resources than what we have right now.
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  • Old school bank wire.

    No chance I'm going to risk it with PayPal. I've had my account frozen over unusually high spikes and it wasnt funny.
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  • Profile picture of the author Stephen Root
    Interesting that bank transfer is at the same level than Paypal. Though not much participation yet :/
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  • Profile picture of the author Arief Ramadhan
    I prefer PayPal and Bank Transfer. I always use PayPal if I want to send and receive money from the people abroad and I use Bank Transfer to send and receive money from people that in Indonesia (my country).
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  • Profile picture of the author DDavisDesign
    I use paypal for all my clients whom are outside my area of operations, bank transfers can be very useful and for on site I use TheSquare on my iPhone to pay the invoice right there and then.
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  • Profile picture of the author Stephen Root
    Hmm, I wonder if anybody would accept payment in bitcoins?
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  • Profile picture of the author charlesmurphy
    Paypal for me, I've been happy with them so far.
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  • Profile picture of the author Snow_Predator
    Like Walter mentioned, cash in hand is by far my most favoured option. Namely because you don't have to pay any tax on it .

    I'm currently using Paypal, but I don't like all the stuff I'm hearing about accounts getting frozen. I hear some Warriors advising you to "communicate" with Paypal, tell them when you're expecting a huge influx of cash. But I say F communicating. I'd rather put all my focus on dealing with my customers and making more money. It's money coming in, it ain't gettin' stolen, what's so damn suspicious?

    I'm sorting out this bank wire thing as soon as I crank up that income.
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  • Profile picture of the author Snow_Predator
    Oh, and umm Arief... are you old enough to be on this forum?
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  • Profile picture of the author theory expert
    Banned
    I'd prefer my money straight cash homie. Is there a gentlemens club online?
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  • Profile picture of the author Malcolm Thomas
    I prefer Paypal because it's simple, easy to use, and it's what 95% of internet marketers use to purchase products.
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    • Profile picture of the author Snow_Predator
      Originally Posted by Malcolm Thomas View Post

      I prefer Paypal because it's simple, easy to use, and it's what 95% of internet marketers use to purchase products.
      How'd you arrive at that figure? Did you get the total number of internet marketers (what IS that number btw?) and divide into that the number of paypal users who exclusively use paypal, and multiply by 100?
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      • Profile picture of the author AffNinja
        I used to do PayPal.. even though I never had any real horror stories that some people had experienced with PayPal. I made the decision long ago that I don't do PayPal for any payment larger than 2k. And I never hold a balance there.. I always cash out on every transaction I made since my debit card is linked to PayPal I can always do purchase through there anyway.

        The one instance that I'd rather trust bank with the transfer because PayPal is not even a bank and hence there's no way to get your money back should they decided to freeze your asset.
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  • Profile picture of the author RachelLily
    I think you missed out the "in person payment" lol where you and someone meet at a certain place, time, and then boom, the payment is made.
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    • Profile picture of the author Daniel Evans
      Originally Posted by RachelLily View Post

      I think you missed out the "in person payment" lol where you and someone meet at a certain place, time, and then boom, the payment is made.
      Don't miss that one out on your tax retun.
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  • Profile picture of the author kelvintoro
    I prefer PayPal and Western Union. I've been using PayPal for years and I haven't encountered a problem with it. Western Union is also a good option. It's faster to get the money via WU. For local payments, bank transfer is good.
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    • Profile picture of the author randycowen
      PayPal is definitely my choice. Unfortunately I've been involved lately with some programs that use Payza which is dependable but pricy . Sometmes though, you got take it anyway you can get it.
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  • Profile picture of the author MsHeart
    I'm using Moneybookers because I really don't trust Paypal. They have frozen my account once before and wouldn't want it to happen again. Moneybookers, on the other hand, gives a prepaid mastercard so I can get the money instantly. Still, I always withdraw what I can quickly, can't trust any of those online payment processors enough to keep my funds there for long.
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  • Profile picture of the author Sugar Cube
    paypal for me till now. But considering the suden increase of income brings accounts getting frozon, i am considering using Bank transfer as well . it will be a disaster to find your paypal being limited overnight! no kidding ...
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  • Profile picture of the author Sara F
    Making an assumption that the best one is the majority one is not wise, but I choose PayPal anyway. It is easy to use, everyone at least have a PayPal account, while other method is just a secondary method. Some people think it is not save using PayPal, but I don't think I have a viable options beside PayPal. No problem arise when I am using PayPal for the last several years, so I hope nothing will change.
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  • Profile picture of the author ayu2013
    Paypal, it needs to wait for long time for your check, abd bank transfer is not for global user.
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  • Profile picture of the author TimothyTorrents
    I still think Paypal is the best and most convenient.
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  • Profile picture of the author rmolina88
    Paypal.

    I love how my phone constantly rings telling me I got a paypal payment.
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  • Since I'm doing Clickbank marketing, I always prefer via Wireless transfer on a weekly basis. It's around $45 per transaction and it's SO worth it!
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  • Profile picture of the author celente
    clickbank, paypal and my own merchant too.

    But please remember its not how you receive your money its all in your marketing, get that right and people will not care how you get money or how they give it to you in the first place.

    I remember frank kern talking about this a while ago. Marketing and give people good stuff, and they will already have their wallet halfway out of their pockets. :-)
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  • Definitely through paypal because of their safety net. Although it does have flaws but what payment processor doesn't?
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  • Profile picture of the author vishwa
    I will prefer PayPal for receiving payments as it is widely used, fast and convenient.
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  • Profile picture of the author Masondavis
    Interesting that bank transfer is at the same level than Paypal.
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  • Profile picture of the author ashabe
    I use Stripe now but I have a slightly different business than most of people here.

    I have a Saas business. I used Paypal at start but they sux hard.
    Their platform is ancient, my users hates it (me included, for example, I have a UK credit card and can't simply use it with paypal because I live in another country... I just want to pay with my card ffs), and recurring can't be set for German customers, their support had no clue and had to go through many hoops before being told, sorry, that's not something we support.
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