Like many others, I have been searching for an alternative to PayPal. PayPal has myriad problems besides the 2.9%-plus-$0.30 fee. It is very seller/payee unfriendly. In fact, it has rightly been called an invitation to buyer fraud.

I think I have found the perfect alternative to PayPal in Chase Bank's QuickPay.

I recently sold someone $300 worth of chips via PayPal. The PayPal fee to me was $9.00. With Chase QuickPay it would have been zero!

Dealers and collectors can no longer settle trades and purchases using PayPal AND PAYING NO FEES. It used to be (before June 3rd) that ANY receipt into a PERSONAL PayPal account was not charged a fee as long as it was NOT credit card-funded. No longer. Since June 3rd, EVERY receipt (including cash-funded ones) going into a Personal PayPal account is charged the 2.9%-plus-$0.30 fee unless the sender formally designates it as personal, like as a "gift" or "loan" payment. Even if you were willing to perpetrate lying, I wonder how long PayPal will let you get away with it if you have NUMEROUS "gift" or "loan" receipts.

Chase's QuickPay is not a bank account. It is merely an EFT (Electronic Funds Transfer)/ACH (Automated Clearing House)-type service that routes funds from one person's bank account or credit card to another person's bank account. Among its advantages and features are:

¶ completely free -- there are no fees, monthly payments, minimums, etc. for either the payer or payee. (Chase QuickPay INVOICING service costs $25.00 per month, but QuickPay alone [and that is all you need] is completely free.)

¶ only one party must be a Chase customer -- only one of the parties (either the sender or receiver) must have a Chase account!. The other needs only an email address and a non-Chase bank account. Both parties, of course, must sign-up for the Chase Quick/Pay profile, a simple, one-time, free process.

¶ quick -- if both parties are Chase customers, it takes one day to receive the funds. If one party is a non-Chase customer, it takes a few days for the funds to clear, but you are notified right away that process was initiated by the payer. All of this is done electronically -- no snail mail, no manual deposits.

¶ easy -- once you have your Chase QuickPay profile set-up (and it is permanent; you only set it up once), it takes less than a minute to type in the payee's name and email address and the amount you are sending, and to select the source of the payment (which bank account or credit card). It is even easier the next time because the profile comes with a permanent address book so it is easy to select the name and email address.

¶ send money to person who DOESN'T have a Chase QuickPay profile -- for example, as a Chase customer with a QuickPay profile, I can go to the profile and send funds to a person who knows nothing about Chase QuickPay. All I need is his name and email address. When he gets the email from Chase, it comes with a dollar amount and an invitation to sign-up for a Chase QuickPay profile, something which should take much less than a week to accomplish. He has 10 days to sign-up and get the money.

¶ complete privacy between the payer and payee-- there couldn't be more privacy than there is here. For example, to send money, the payer just accesses his online Chase QuickPay profile, selects the source (bank account or credit card) of the funds, and enters the name and email address of the payee and the amount of money to be sent. Chase emails all this to the potential payee. The payer never even learns the bank of the payee!

¶ great privacy between the non-Chase customer and Chase -- When the non-Chase customer sets up his profile with Chase, he doesn't disclose any personal information to Chase (such as social security number, date of birth, mother's maiden name, etc.). The only information he gives Chase are routine things: his name, address, phone number, the name of his bank and the account and routing numbers.

¶ eBay use -- eBay doesn't sanction it, but allows it if the buyer requests it as the payment method. (And what is stop the seller from offering it to eBay buyers, perhaps with a discount as an inducement?).

¶ Chase is the 3rd largest bank in the US.

Links to Chase information and application:
https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/marketing/page/ChaseNetwork

https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/individuals/shared/page/quickpay_faqs
(You can easily find these links/pages yourself by doing a Google search on "Chase bank QuickPay" or "JP Morgan Chase QuickPay" or anything similar.)