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Send and receive money with Gmail

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31–40 of 71 posts

Re: Send and receive money with Gmail

#32

Earlier quoted context omitted.

What word would you use for the class of machines that are desktops and laptops? It's a real, if not very important, question that I've never found a good answer for.

Lol, I always on the lookout for an answer to this as well. I use Browsers vs Mobile Browsers vs Desktop Apps vs Mobile Apps if I want to be precise. But, yeah, it's usually confusing.

At work I ask "Are you using your phone or your computer?" It's generally non-techie people that will get confused and might consider their tablet a "computer", but that is pretty rare.

Re: Send and receive money with Gmail

#34
Interesting to see this get traction here today, this article is for the web version which has been around for awhile.

But we did just (in March) launch this for Android: https://blog.google/products/gmail/send-and-request-money-in... & https://techcrunch.com/2017/03/14/you-can-now-send-and-reque...

Re: Send and receive money with Gmail

#36
post #21

I wonder why banks in the US don't just give all of their customers an IBAN and let them transfer money for free or very cheap. They could even give companies those IBANs and let them receive bill payments that way. But I guess that would be too easy and also too European.

Profit. Edit: & security.

Re: Send and receive money with Gmail

#37
post #21

I wonder why banks in the US don't just give all of their customers an IBAN and let them transfer money for free or very cheap. They could even give companies those IBANs and let them receive bill payments that way. But I guess that would be too easy and also too European.

If you're asking about making transfers electronically inside the US, that already exists -- the system is called ACH. You use your bank's routing number and your account number. It's not as widely adopted for things like bill payments, since the US banking system is quite antiquated (they still use checks for many payments).

If you're asking about international payments between US and EU banks, currently you do that using the SWIFT network (i.e. wires). It's $25-30 a pop. And there are significant regulatory and technical barriers to getting this cost down (see the EU's SEPA program for a regional version, and that's with a bunch of countries that have already normalized their financial regulations).

Re: Send and receive money with Gmail

#38
post #37
post #21

I wonder why banks in the US don't just give all of their customers an IBAN and let them transfer money for free or very cheap. They could even give companies those IBANs and let them receive bill payments that way. But I guess that would be too easy and also too European.

If you're asking about making transfers electronically inside the US, that already exists -- the system is called ACH. You use your bank's routing number and your account number. It's not as widely adopted for things like bill payments, since the US banking system is quite antiquated (they still use checks for many payments). If you're asking about international payments between US and EU banks, currently you do that…

Unfortunately many banks seem to put up arbitrary hurdles to performing ACH transfers, or obscure the fact that they are available. Certainly I've had this issue with Wells Fargo, US Bank, and BoA.

I assume this is because a number of them use "free, easy transfers between our customers" as a selling point, which would vanish quickly if it were easy to do between anybody. Sometimes it seems like we're even sliding backwards -- for example Chase used to have a fairly nice person-to-person payment system, but they recently locked it down to people with their own Chase account.

Re: Send and receive money with Gmail

#39
After reading a horror story of Facebook completely locking out someone's account for allegedly doing Marketplace fraud, I'm extremely dubious of services adding financial stuff into their existing offering. Imagine being accused of fraud and losing all access to your GMail information.

Re: Send and receive money with Gmail

#40

After reading a horror story of Facebook completely locking out someone's account for allegedly doing Marketplace fraud, I'm extremely dubious of services adding financial stuff into their existing offering. Imagine being accused of fraud and losing all access to your GMail information.

Google already has a history of that with AdSense, I believe. I think HN has seen stories of total Google lockout over AdSense disputes.
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