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Zelle For Business: What Small Businesses Need To Know About The New Money Transfer App

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Hsin-Wei Luang

Hsin-Wei Luang

Hsin-Wei is a freelance writer focused on small business and technology writing. Before becoming a writer, she worked as a techie lawyer for many years until she came to her senses. Now, in her spare time, she plays frisbee with her Mini Australian Shepherd dog.

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2 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Tamara

    Here’s something to think about for business use: Even though they say it’s “for business,” the bank (I’m looking at YOU, US BANK!) might restrict the Zelle capabilities to the named account holder only (the business owner). This means that you can’t delegate the bill paying to, let’s say, YOUR BOOKKEEPER, who pays all the rest of the bills by other methods. Even being an authorized signer on the account is not enough.
    So sure, if the business owner wants to take on yet another responsibility that their employees ought to be doing, they could consider using this; otherwise, it’s of no use.

      This comment refers to an earlier version of this post and may be outdated.

      Rodney Warwick

      I’m a criminal investigator currently working a fraud case. The victim is a elderly gentleman that has been defrauded by someone using the Zellepay App. I have reached out to Zellepay’s legal department a number of times and received no response. The victim was partially reimbursed by his bank, BB&T however, their fraud unit has also reached out to me as they to perceive themselves to be a victim as well. Funny to after reading this article learn that they have ownership interest in Zellepay. Bottom line is their legal department should be available to assist victims of fraud…..

        This comment refers to an earlier version of this post and may be outdated.

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