I guess finding the best way to accept electronic payment from our clients is crucial to everyone of us in this forum these days.
Yesterday, I found that there is a service called Zelle. A client made a payment with it.To my surprise, the credit showed up in my account within just a few minutes. And based on what I read, there is no charge at all to use the service.
Therefore, my question is…since Zelle is so convenient, easy to use and does not charge a service fee, why most businesses are still only taking credit card, PayPal, Venmo, etc which all come with a service fee?
What are the downsides, if any, to use Zelle?