Friday, April 8, 2011

Home Inspectors Can Save Money With Email Money Transfer!

A great way to offer convenience and save the small business owner money at the same time.

Are you looking for another way to take payment from your Home Inspection clients but are hoping to avoid the high costs associated with accepting credit cards?  Email money transfer may be the solution you are looking for.   If you and your client are both set up for online banking, you can transfer money via email.  It's safe and neither party needs to share any of their banking information.  

It's super convenient!  May inspectors and their clients carry smartphones now which means you have instant access to log in to your online banking right at the inspection.   Client forget their cheque?  No problem.  If you both have smart phones, the client just logs into their online banking service, selects the option "send money by email"  and then enters the email address they wish to send the money to (this would be the inspectors email address) and the amount they wish to transfer.   They select the account they wish the money to be transferred out of and enter a security question that you (the receiver) will need to answer to receive the money.  This could be as simple as the contract number or the street the inspection was done on.   Then hit send.  

Within minutes, you will receive an email notifying you that someone has sent you money.   In the email, there will be a link that will open up a window allowing you to select the bank you bank with.  From there, you will be able to log into your own online banking account.   You will then be asked what the answer is to the the sender's security question.  If you correctly answer this question, you will be asked which account you would like the money deposited to.   Then, bam! - the money is now in your account.

If you know the client or you don't carry a smart phone with Internet access you could even have the client pre-pay so this transfer is complete ahead of your arrival at the home inspection.

So easy!  So convenient!  The cost of the service varies and is based on the sender's bank's rate for the service, but at most major banks, the cost ranges between $1.00-$1.50 per transfer.   This is paid by the sender.  

So, save hundreds on credit card merchant fees and, instead of accepting credit cards, suggest all your clients pay you by email money transfer!

I hope this article was helpful.    I wish you continued success in the home inspection business.

Happy Inspecting,

Sharon Purtill
Canspec Home Publishing


  1. It's excellent to know that email money transfer can save you lots of money....

    home inspectors gta

  2. A great way to offer convenience and save the small business owner money at the same time.
    houston home inspectors.

    1. Yeah great information!!
      This is also the good way to send money by email. It's safe and convenient way.

      Rancho Palos Verdes Certified  Home Inspector

  3. I never thought about that. I wonder if my bank does that. ??? I was going to look into getting either the Square app for iPhone or PayPal's Here service, but they charge around 4% I think. I could just charge a convenience fee for them to pay with a credit or debit card to avoid that though. I hardly ever use checks so I think doing this is a forward-thinking trend that many Utah Home Inspection companies have not implemented yet. Great tips!!!