What's another way to accept online payment besides paypal? (1 Viewer)

[T J]

Long story short, I run/ran a large NCAA pool with $5 bracket sheets and a good percentage of the entry fees came in via paypal. And while I tried to make clear to people not to use words such as pool, brackets, NCAA, and the like when sending money, I cannot govern what happens on the other end when people actually are using paypal to pay for their brackets.

I got through the pool ok - was able to get my hands on the monies people sent me but I did get an email from paypal near the end stating I was violating their terms of use as they consider NCAA pools to be gambling and to basically don't do it again or they'll shut me down.

So in in order to run this pool again next year, I need to figure out a way to get funds payable to me electronically online, 'cause it looks like paypal is out.  Ideas?

 

[mquinnjr]

Venmo IMO

 

[Dan Lambskin]

Venmo

 

[Chadstroma]

Various banks have services available through their online banking that you can send money between people. There may or may not be a fee associated depending on the bank.

 

[Dan Lambskin]

Or do it via league safe

 

[eoMMan]

Bitcoin 

 

[Mr. Ected]

Venmo IMO

Venmo

If Venmo is a:

Venmo is a service of PayPal, Inc., a licensed provider of money transfer services. All money transmission is provided by PayPal, Inc. pursuant to PayPal, Inc.’s licenses. © 2015 PayPal.

Wouldn't you run into the same issue with a pool?

 

[Jaysus]

I think you can send money with Gmail now.

 

[kutta]

We had the same problem but the guy who runs it and sends out the pool put "DO NOT MENTION THE POOL WHEN PAYING" in big red letters about 5 different times in every email he sends. It's worked great the last few years.

 

[matuski]

IOU

 

[pats3in4]

Various banks have services available through their online banking that you can send money between people. There may or may not be a fee associated depending on the bank.

Yes.  I use Chase QuickPay.  Works great.

 

[Pooch]

Google wallet works pretty well.  

 

[MattFancy]

With PNC, you can send money through PopMoney. Automatically goes into your checking account.

 

[T J]

We had the same problem but the guy who runs it and sends out the pool put "DO NOT MENTION THE POOL WHEN PAYING" in big red letters about 5 different times in every email he sends. It's worked great the last few years.

I had over 1700 brackets coming from all over the place and people just do what they want. I tried this (not to the same extent) and I tried to be very clear, but obviously not clear enough.

 

[kutta]

I had over 1700 brackets coming from all over the place and people just do what they want. I tried this (not to the same extent) and I tried to be very clear, but obviously not clear enough.

Oh, OK. 1700 bracket is a bit more than the 45 we deal with in our pool. I agree you need something else besides Paypal.

 

[Chadstroma]

I had over 1700 brackets coming from all over the place and people just do what they want. I tried this (not to the same extent) and I tried to be very clear, but obviously not clear enough.

1700? What the.... I can't even count that high let alone put together a pool that big.

 

[AnonymousBob]

Online coupons. 

 

[Ted Stickles]

I had over 1700 brackets coming from all over the place and people just do what they want. I tried this (not to the same extent) and I tried to be very clear, but obviously not clear enough.

Wow.  Tracking the incoming entry fees for 1,700 brackets is absolutely insane.  

You cannot prevent 100% of the entrants from populating Paypal with a gambling-related note.

Do you take a small cut to compensate for the many hours it takes to track and run this bracket?

 

[Ted Stickles]

I use Paypal regularly.  Venmo to a much lesser extent.

 

[T J]

Wow.  Tracking the incoming entry fees for 1,700 brackets is absolutely insane.  

You cannot prevent 100% of the entrants from populating Paypal with a gambling-related note.

Do you take a small cut to compensate for the many hours it takes to track and run this bracket?

The website I use does the bracket entry and all the tabulations. It varies based on how big the pool is, but this year the site cost $180. I took a $150 "admin fee", but I think going forward I'm going to up it to 5%. 

The brunt of the work is getting the word out and getting the pool size growing, but more so the collection of monies from that money people. Granted, of the 1742 entries, there were approx. 500 individual people to collect from.  Now THAT, can be work 'cause I personally know maybe 10%-15% of the entrants. 

I doubt that a lot of the entrants will want to sign up for another web site just to pay an NCAA pool but a great many alr day have paypal so that made it much easier.

 

[Ted Stickles]

The website I use does the bracket entry and all the tabulations. It varies based on how big the pool is, but this year the site cost $180. I took a $150 "admin fee", but I think going forward I'm going to up it to 5%. 

The brunt of the work is getting the word out and getting the pool size growing, but more so the collection of monies from that money people. Granted, of the 1742 entries, there were approx. 500 individual people to collect from.  Now THAT, can be work 'cause I personally know maybe 10%-15% of the entrants. 

I doubt that a lot of the entrants will want to sign up for another web site just to pay an NCAA pool but a great many alr day have paypal so that made it much easier.

My buddy ran a large work bracket, but that was maybe 200ish people?  

He spent a lot of time running that pool.  The worst part to me would be becoming a part-time collections agency and having to harass those deadbeat people that failed to pay their entry fees; that alone would not be worth the stress and angst.