ClearXchange (CXC) is the first network in the U.S. created by and for financial institutions that lets customers send person-to-person (P2P) payments easily and securely. With only the recipient’s mobile number or email address, customers can send funds directly from their checking and savings accounts without requiring sensitive account information. Safety and convenience mean customers can forego cash, checks and other higher-cost services.
ClearXChange is a safer and more Viable way to pay, and get paid than PayPal according to CEO Mike Kennedy. Members include Chase, Wells Fargo, and Bank of America. Many of these banks will not indorse or promote the use of PayPal because of all the recent banking problems customers are having with PayPal. ClearXChange has access to over 95 Billion customers through those major banks that are already servicing customers through the P2P network. May consumers don’t like using PayPal because of poor consumer practices.
Why would you ship an item before payment was received? Ebay and PayPal should know this. There is no guarantee that if you ship the item you will be paid, even if eBay or paypal says they have the funds on hold. Something doesn’t seem right about this.