These services allow individuals to use their
credit card to pay another individual online. The payer sets up
an account with the service, and deposits money with his/her credit
card. Then s/he inputs information about who to pay, and the recipient
receives an email notification, and can sign in (or set up a new
account, if s/he doesn't already have one) to receive the money.
Users can withdraw funds from their account by requesting a wire
transfer to a bank checking account, or a physical check can be
mailed to him/her. While primarily for person-to-person payments,
some services also have business accounts.
Xoom
- Money transfers all over the world. The sender can
use the service online, and the recipient can have direct
deposit to a bank account, cash pick up, secure debit
cards, or home delivery.
