Sunday, February 19, 2012

All About the Mula!

Yep starting a business is all about the dough, mula, the big bucks, but so is managing money. Transfers from most banks take on average 3 days to complete while payments from PayPal take about 2 weeks to clear and lets not discuss Credit/Debit card fees. Wouldn't it be great if we can reap the rewards of our online business the same way brick and mortars are instantly compensated?!?!! Here are a few startups that allows us this very satisfaction.

Dwolla -Created to help eliminate credit card fees, as well as allowing for faster and easier payments whether online or via mobile. Dwolla operates on a free micro-transactions concept, and a 25 cents fee for everything else, note 25 cents not 25%! Their free micro-transactions and low fees make Dwolla the cheapest payment network around.

PaymentNetwork - Brought to you by Intuit who looks like their into everything from web design, Quick Books, Turbo Tax and now securing online payments. The big up on PaymentNetwork is its ability to charge as low as 50 cents per transfer, which is great considering most bank fees for separate account transfers are at least $3.00; to make it even better PaymentNetwork can clear as much $5,000 in one day!

Popmoney - Bridging the gap for waiting on payments via check is Popmoney, which btw can be real handy for personal use. Popmoney works in conjunction with many banks, log in to their site and see if your bank is a participating member, if so all you have to do do is log in to your online account and transfer money using Popmoney, (look at their site for instructions). To send money all you need is an
email address, mobile number or bank account information. When receiving money you will receive an email or text message telling you someone sent you money via Popmoney. Btw, Popmoney also offers invoicing, payroll services and the linking of personal and business account for better cash flow optimization.

Note: QC Hustle does not endorse any of the above listed products and or services. The above items are listed for informational purposes only.

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