tag:blogger.com,1999:blog-6999174.post1555817029923996990..comments2020-01-19T11:20:13.413-08:00Comments on The FamZoo Blog: A Proven Alternative to PayPal Student Accounts That Teaches More Money LessonsBill Dwighthttp://www.blogger.com/profile/18111536057225186993noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6999174.post-1181607508725360302017-12-21T02:01:07.722-08:002017-12-21T02:01:07.722-08:00Hey, Wow all the posts are very informative for th... <br />Hey, Wow all the posts are very informative for the people who visit this site.Good work!We also have a Blog.Please feel free to visit our site. Thank you for sharing.<br /><a href="https://perfectvoucher.com//" rel="nofollow">fund perfect money with mastercard </a><br />Keep Posting:)Perfect Voucherhttps://www.blogger.com/profile/10034116916332496277noreply@blogger.comtag:blogger.com,1999:blog-6999174.post-13591586092422491462017-01-03T15:40:48.868-08:002017-01-03T15:40:48.868-08:00Hi there. Thank you for checking out FamZoo with y...Hi there. Thank you for checking out FamZoo with your family and taking the time to leave your frank feedback.<br /><br />You are correct: most load methods do take a few days to get money to your primary funding card. The exceptions are Greendot&#39;s MoneyPak and Reload @ the Register which are within minutes but they require visiting a retail store and incur a larger fee. <br /><br />And, yes, the recommended practice is to keep a stash of funds on your primary funding card so you can make immediate and arbitrarily small distributions to the kids at no charge. That&#39;s because once we have money in our card processor&#39;s system, we can move it between a family&#39;s cards instantly without fees. It is definitely a key difference from the now defunct PayPal Student Accounts, and I explicitly emphasize it in the &quot;Instantaneous transfers&quot; section as well as in our FAQs for load methods.<br /><br />We too wish we could provide an instant, free, online loading mechanism. That would be awesome! Unfortunately, we&#39;d have to get licensed in every state as a money transmitter to do so. That costs millions of dollars. As a money transfer service, we&#39;d also become a magnet for fraud (perhaps that&#39;s why PayPal cancelled their service - we can only speculate though, since as far as I know they have not revealed why they shut Student Accounts down). Perhaps someday we will become large enough to offer such a capability. Or, perhaps when same day ACH transfers roll out from banks this will become less of an issue (https://www.nacha.org/rules/same-day-ach-moving-payments-faster). It&#39;s definitely ridiculous that bank-to-bank transfers take so absurdly long in today&#39;s world. Frustration shared.<br /><br />As far as charges in general, note that FamZoo Inc only makes money from our flat rate subscription fees unlike large financial institutions or payments companies which charge per-transaction fees, hidden fees, and much more. Right now, we charge $59.99 for two years for the WHOLE family (cards beyond the 4th incur a one time $2 shipping fee). That&#39;s equivalent to $2.50 per month for the whole family. Compare our fees to average checking account fees for a SINGLE person as reported in this recent WalletHub article: https://wallethub.com/edu/checking-account-cost-comparison-report/6269/ We stack up quite favorably. (Note: always check our FAQs for our latest subscription fees since they are subject to change over time.)<br /><br />In any case, all of this misses a major point made in the final bullet above entitled &quot;Learn about personal finance.&quot; That&#39;s really what FamZoo cards and software are all about - delivering an effective, hands-on financial education to kids. You&#39;ll find our capabilities are unparalleled in that regard. And when you compare our program&#39;s costs to what we pay to teach our kids skills in other areas (piano lessons, sports equipment/programs, tutors, books, etc), it&#39;s really just a micro drop in the bucket.<br /><br />I hope that doesn&#39;t come off as too defensive. Your comment highlights important differences, and we definitely do not want families to be surprised or disappointed.Bill Dwighthttps://www.blogger.com/profile/18111536057225186993noreply@blogger.comtag:blogger.com,1999:blog-6999174.post-34105719525378429752017-01-03T12:34:35.274-08:002017-01-03T12:34:35.274-08:00I&#39;m using Famzoo as an alternative to PayPal -...I&#39;m using Famzoo as an alternative to PayPal - but there are a couple of differences if you are comparing this to the PayPal Student account. To transfer money into Famzoo takes 3 business days via Pop money from my bank account. I&#39;ve not found a faster way to do this - other than to leave a large amount sitting in the Famzoo account ready to transfer to your son/daughter. So, I&#39;d really like to see them come up with a faster way to transfer the money without being charged - it is not identical by any means to the way the PayPal Student card worked. Sorry.. I was really hoping that it would be a great alternative, but the PayPal Student card worked tremendously well, with no charges. Famzoo has charges (for the account), plus it takes too long to send money into the account.Anonymousnoreply@blogger.com