Recently there was a bit of a shock when Circle Pay announced it was discontinuing P2P payments.
This was also followed by a similar announcement from GooglePay.
With banks now also insisting on real names to be used when making payments – this is starting to limit options for things like; deposits, tributes, reimbursements.
So. I want to assess what some of the options are for both clients and providers.
I just want to get this out of the way as a big, fat, no.
While some are using it successfully it runs too many risks of being suddenly closed down and funds frozen. Anything from a disgruntled customer reporting to a careless one writing “deposit for our session”.