The Official Forum  

Go Back   The Official Forum > Basketball

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #16 (permalink)  
Old Tue Nov 13, 2012, 01:06pm
Back from the DL
 
Join Date: Mar 2010
Location: Maine
Posts: 2,540
Thanks for the feedback. I'm meeting with our board's president this week to go over our options, and present them at our semi-annual business meeting this weekend.

It sounds to me like RefPay has similarities to PayPal. That is, if you sell something on eBay, it credits your PayPal account, and you can decide where to move the money (typically, to your account). My question is, do some vendors accept RefPay for payment (like PayPal)?

Camron, thanks for the heads up about RefTown. We'll check that out, too. Any other RefTown users?
__________________
Confidence is a vehicle, not a destination.
Reply With Quote
  #17 (permalink)  
Old Thu Nov 15, 2012, 01:37am
C'mon man!!
 
Join Date: Jan 2012
Posts: 965
Quote:
Originally Posted by BadNewsRef View Post
Never said it wasn't simple. Still, the money is not in your bank account when you are paid as could be inferred by certain comments in this thread.
No but it can be momentarily. It really is easy and a good system. Do you like it or not?
Reply With Quote
  #18 (permalink)  
Old Thu Nov 15, 2012, 01:40am
C'mon man!!
 
Join Date: Jan 2012
Posts: 965
Quote:
Originally Posted by Adam View Post
Picking on the diction doesn't change the fact that there's an important distinction here. The money isn't guaranteed. Not that it's really in danger, but I still move it asap.
That is why we said it is like a bank account as in similar, not it "is" a bank account. And your check that is supposed to come in the mail is way more guaranteed than RefPay.
Reply With Quote
  #19 (permalink)  
Old Thu Nov 15, 2012, 01:42am
C'mon man!!
 
Join Date: Jan 2012
Posts: 965
Quote:
Originally Posted by Camron Rust View Post
Making the transfer costs them money...not anything near $2 but it costs. If they do auto-transfer, they probably incur more transfer fees...one for each payment you receive. But, if you manually transfer the money, they get to lump each payment into one paying only one fee to have the transfer made at the time you log in and make the transfer.

I chose to offer a different payment service on RefTown. It is a true direct deposit contracted out to a 3rd party. The money goes directly from the organization making the payment to the official's account. The money is never in RefTown's accounts and is immediately available to the Referee (after the Bank's normal electronic transfer delays). RefTown just facilitates the transaction. It is also cheaper for the organization than either RefPay or printing and mailing a check and it is free to the official.
Maybe this is a better option.
Reply With Quote
  #20 (permalink)  
Old Thu Nov 15, 2012, 08:54am
Courageous When Prudent
 
Join Date: Jan 2006
Location: Hampton Roads, VA
Posts: 14,839
Quote:
Originally Posted by Sharpshooternes View Post
No but it can be momentarily. It really is easy and a good system. Do you like it or not?
I definitely like it. But it doesn't change what BBR said about the money not being insured or what I said about it not being in your bank account until action is taken by the payee.
__________________
A-hole formerly known as BNR
Reply With Quote
  #21 (permalink)  
Old Thu Nov 15, 2012, 09:22am
Official Forum Member
 
Join Date: Oct 2008
Location: depends on your perspective
Posts: 697
I love RefPay's e-mail notification feature. EFT transfers are fee, as well.
Reply With Quote
  #22 (permalink)  
Old Thu Nov 15, 2012, 09:38am
Adam's Avatar
Keeper of the HAMMER
 
Join Date: Jan 2003
Location: MST
Posts: 27,190
Quote:
Originally Posted by Sharpshooternes View Post
No but it can be momentarily. It really is easy and a good system. Do you like it or not?
For my bank, it takes a full day, so "momentarily" isn't really accurate.
__________________
Sprinkles are for winners.
Reply With Quote
  #23 (permalink)  
Old Thu Nov 15, 2012, 05:24pm
Official Forum Member
 
Join Date: Aug 2000
Posts: 14,616
Quote:
Originally Posted by fiasco View Post
Actually it is "like" a bank account, as in it has similar features. It is not actually a bank account, although I doubt anyone here was confused about that fact.
Maybe you didn't read what I wrote.

It is NOT basically like a bank account in that it is not federally insure like money in a bank is. If they were to go under (bankrupt) and you had money still in your account, you're pretty much screwed. If some unscrupulous person in the company stole all the meny and flew to some far away country, again you're screwed.

BTW, it's also not basically like a bank account because you can't write checks on it, setup a bill pay system with it, nor can you draw any interest from the money.

The only features it has similiar to a bank is that you can transfer money out or have it placed on a prepaid MC. I believe my cons outnumber your pros 4 to 2.

No, it is not basically like a bank account. bainsey asked what are your thoughts on the service? Whether you agree with me or not, these are the things IO learned when we inquired about it. Posters who are not familiar with the service need to know these things before they make a decision regarding it's use.
__________________
"...as cool as the other side of the pillow." - Stuart Scott

"You should never be proud of doing the right thing." - Dean Smith

Last edited by BktBallRef; Thu Nov 15, 2012 at 09:20pm.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Need feedback The Ref Basketball 18 Sun Jan 22, 2012 02:03pm
looking for feedback muxbule Basketball 12 Sun Feb 21, 2010 06:11pm
RefPay Andy Softball 11 Mon Jan 11, 2010 01:58pm
need some feedback dave30 Basketball 16 Sat May 27, 2006 11:53pm
Need Feedback Chess Ref Softball 3 Fri May 13, 2005 10:50am


All times are GMT -5. The time now is 03:42pm.



Search Engine Friendly URLs by vBSEO 3.3.0 RC1