RefPay Feedback

[bainsey]

I see this has come up on other forums, but that was some time ago, and I'm looking for fresh feedback.

My association is looking into using RefPay. Has anyone here used it? If so, what are your thoughts on the service?

[Sharpshooternes]

Originally Posted by bainsey

I see this has come up on other forums, but that was some time ago, and I'm looking for fresh feedback.

My association is looking into using RefPay. Has anyone here used it? If so, what are your thoughts on the service?

It is really good. It is basically like a bank account. They deposit the funds into your account, usually same day. I then can have it direct deposited right into my bank account. no more social security numbers or worrying about if the proper paperwork got done.

[Adam]

Originally Posted by Sharpshooternes

It is really good. It is basically like a bank account. They deposit the funds into your account, usually same day. I then can have it direct deposited right into my bank account. no more social security numbers or worrying about if the proper paperwork got done.

Schools still need SSNs, as they still need to send 1099s. Every school here needs a W9.

As for refpay, I like it.

[RKBUmp]

The high school association here has been using it for 2 years now and personally I like it way better than dealing with each school individually. Some schools would pay you on the spot, some required you to sign and would send the check later. It was constantly a problem keeping track of who had paid and who hadnt. Now you can just pull up your refpay account and comapare it to your assignment list and instantly know if you have been paid or not.

As for the 1099, if Im not mistaken we get a single 1099 for all the assignments we have worked.

[BktBallRef]

Originally Posted by Sharpshooternes

It is really good. It is basically like a bank account. They deposit the funds into your account, usually same day. I then can have it direct deposited right into my bank account. no more social security numbers or worrying about if the proper paperwork got done.

No, it is not basically like a bank account. If these people go under and they still have your money, it's gone. It is not federally insured like a bank is.

[Sharpshooternes]

Originally Posted by BktBallRef

No, it is not like a bank account. If these people go under and they still have your money, it's gone. It is not federally insured like a bank is.

Works similarly minus the insurance. Not like any of us do it for the money anyway or will be broke if it did go under.

[Raymond]

Originally Posted by Sharpshooternes

Works similarly minus the insurance. Not like any of us do it for the money anyway or will be broke if it did go under.

So it wouldn't bother you if you lost 1, 2, or 3 thousand dollars b/c you don't do it for the money? I know many officials who only do it for the money.

And the money is deposited originally to your RefPay account. It doesn't make it to your personal bank account until action is taken.

[jTheUmp]

Originally Posted by BadNewsRef

So it wouldn't bother you if you lost 1, 2, or 3 thousand dollars b/c you don't do it for the money? I know many officials who only do it for the money.

And the money is deposited originally to your RefPay account. It doesn't make it to your personal bank account until action is taken.

So as soon as it gets deposited into the RefPay account, have it transferred to your bank account. Simple enough.

[fiasco]

Originally Posted by BktBallRef

No, it is not like a bank account. If these people go under and they still have your money, it's gone. It is not federally insured like a bank is.

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.

[Adam]

Originally Posted by fiasco

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.

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.

[Sharpshooternes]

Originally Posted by Adam

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.

[BktBallRef]

Originally Posted by fiasco

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.

[HawkeyeCubP]

Originally Posted by bainsey

I see this has come up on other forums, but that was some time ago, and I'm looking for fresh feedback.

My association is looking into using RefPay. Has anyone here used it? If so, what are your thoughts on the service?

Like it. Never had any negative issues.