I use eBay on a regular basis and find paying via online methods not only is easier but means you get your goods quicker, instead of waiting for a cheque to clear.
Now I know a lot of people aren’t happy with fees when using online payments, but when you put it in context is actually the same as a stamp to post a cheque! ONLY 20p!
Natwest backs up Fastpay so you know transactions are secure.
All you have to do is register and then you can send / receive payments via your email address and via a mobile phone.
There are limits to the amount you can load and send on your account. The maximum you can send or collect is £500, this is also the maximum you can have in your account. A limit of £250 can be paid into your account each day and the minimum is £1.
Fees
• Sign up = FREE • Load / unload money = FREE • Send money = ONLY 20p
These fees are subject to change (as per website t’s & c’s) and correct at time of writing.
How Fastpay works
You want to send £10 to your buddy, all you do is log into your account and enter your buddy’s email address. Now you need to send £10.20 because the fee is deducted from the funds you send. Thus being £10 to your buddy and 20p to Natwest. If you only type in £10, then £9.80 is sent to your friend and the 20p to Natwest.
So in summary…
Fastpay is by far the cheapest online payment facility I know of and recommend my winning bidders to make payment this way. Although most like Paypal, they have to be the most expensive and because they are owned by eBay they kinda force people to accept it!
+ Low fees – Cheapest I know of + Instant payment + Easy as 1-2-3 - Account limit of £500 - £250 maximum can be paid in one working day
v1 June 30, 2003
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I was just searching for something like this - does the account let you receive online payments aswell and if so what are the charges for this or are you restricted to just sending money online? Fiz
SueMagee 30.06.2003 17:40
If you just enter your buddy's email address I don't know how he converts it to cash?
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