I got that information from here: http://crave.cnet.co.uk/mobiles/barclays-pingit-mobile-money-app-is-it-any-good-50006982/ Bob www.floorfixer.co.uk
I think that's wrong. I checked and never been charged for receiving a payment. http://ask.barclays.co.uk/business/pingit/charges On Barclays site it says it's free too. But the payment limit is 1500 personal and 3000 business so like you said your payments are high so probably not viable for someone like yourself.
Many thanks for the advice Glenn. Don't think I'll bother with card payments just yet. Bob www.floorfixer.co.uk
Further to my recent post regarding accepting payment via a mobile card reader. I have heard that The Payments Council has been working with participating UK banks and building societies to develop a secure new way to pay using a mobile phone number. You can register to receive payments now, and the full service will be available from 29 April. Paym will be integrated into customers’ existing mobile banking or payment apps as an additional way to pay, making it possible to send and receive payments using just a mobile number. At launch, customers of nine bank and building society brands - Bank of Scotland, Barclays, Cumberland Building Society, Danske Bank, Halifax, HSBC, Lloyds Bank, Santander and TSB - will be able to use the new service. It will be easy for a customer to pay a bill for the work we do by selecting who to pay from their mobile contacts or by entering a mobile phone number, in a mobile banking or payments app. Paym will expand further still later in 2014 – Clydesdale Bank, first direct, Isle of Man Bank, NatWest, RBS International trading as NatWest, The Royal Bank of Scotland, and Yorkshire Bank have committed to join, meaning Paym will be available on more than nine out of ten current accounts. Nationwide Building Society have also confirmed their intention to join in early 2015, while Metro Bank and Ulster Bank head up the list of other interested parties who are finalising their launch plans. The details can be found here: http://www.paymentscouncil.org.uk Bob www.floorfixer.co.uk
Just a few more facts I've found out: Paym, is pronounced as "pay em", Individual Banks may put a cap on the amount that can be transferred, so this may only be useful for taking a deposit. You need to register your mobile number alongside a nominated current account in order to receive money into that account through Paym. The customer does not have to register for Paym in order to pay you through the service, although their bank or building society does need to be taking part in the scheme. Bob www.floorfixer.co.uk
