Popmoney

From Bitcoin Wiki
Revision as of 19:31, 1 May 2012 by Sgornick (talk | contribs) (Add Payment methods article to list of See Also.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Popmoney is an e-commerce business allowing payments and money transfers to be made through the Internet.

A Popmoney account is used to receive money from another Popmoney customer. After funds are received in a Popmoney account the funds can be held until they are withdrawn to a U.S. bank account. The Popmoney account may instead be configured to automatically have all funds received automatically sent to the account holder's bank.

Anyone can receive Popmoney, however the funds received are accessible only to those who have a bank account in the U.S. The website for the account holder's bank is the method used to transfer money to a Popmoney customer. The banks that offer the ability to send Popmoney include Citibank, US Bank, PNC Bank, Ally and many others.

The Popmoney recipient is notified immediately when funds are sent. Withdrawn funds are sent as ACH transactions and will take two to three days, or more, before the funds to appear in the recipient's bank account.

Fees

There are no fees for sending or receiving using Popmoney.

History

On June 29, 2011 FiServ announced that it is acquiring CashEdge, which is the company that provides the PopMoney service.

See Also

External Links