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Originally Posted by D_hodough
Well, we kinda operate under the assumption that a most people don't want to share their bank account information with anyone that they don't absolutely have to share it with.
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You're disturbuting the same information everytime you write a personal check.
Quote:
Originally Posted by D_hodough
That, and it would also require sponsers to adopt a level of responsibility that they may not be ready to or willing to adopt. Not that any financial information isn't, but bank account information is even moreso kinda sensitive stuff... I mean, I'm sure you have a lot more personal and important-type transactions going through that account than you might have on an epass account, or whatever. I'm no accountant, but I imagine it'd also mean more insurance cost on the part of the sponser in the event that something _could_ go wrong.
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I would imagine that the banks involved take on the liability. It shouldn't reflect on insurance costs. I can't figure how that would ever apply.
I mean isn't the same info used in wires?
Even if some sponsor commits fraud using the accounts its not like we would never get the money back. Banks protect agaisnt things like that these days.
Quote:
Originally Posted by D_hodough
I reckon there's also the fact, as a few threads have discussed in this community before, that some institutions have problems doing business with entities in our line of business... I remember people talking about accounts being shut down, checks refused, and all that jazz...
Just seems like direct deposit would introduce a lot more variables than the simplicity of epass or mailing checks provides.
But then, like I said, I'm no accountant... just shooting from the hip here.
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I think direct deposits are just as simple as epass and easier on the sponsors and affilates then checks.
I mean their are already a few spnsors that I know who offer direct deposit.
Topbucks, Gonzo, ARS, etc.
They don't seem to have a problem with it and in fact it has been working flawless over the years that I have used the direct deposit option.
I appreciate your perspective though.
