Which Service to Use for Collecting Wedding Cash?
January 15, 2014 5:25 PM Subscribe
We'd prefer little hassle, few fees, and a way to know who they are so we can thank them. We expect 0 to 50 people to actually gift us money this way. What are our best options?
posted by ethidda to Work & Money (21 answers total)
We are getting married, and we already have almost everything we need, want, or could reasonably ask as gifts since we've been living together. Gifts are completely optional, and we're telling our parents that, in hopes they will tell everyone else and actually convince them. We have a small registry with things we want, if people insist on buying something for us. We also live in a very small house, so we'd prefer items we picked out or gifts of cash ("flat gifts") to getting random things we won't be using or even keeping. Plus, cash is pretty standard in my family's culture. So, we expect at least some people to give gifts to us in this form.
It looks like Paypal and Square take fees, but are the simplest.
We can also open a deposit-only bank account, but that might be too complicated to receive just a few gifts. (We don't know how many people might choose this option, and it's a small wedding anyway.)
Alternatively, his mother will already be handling money for us, for hotel reservation (it's complicated, but we had to prepay for it). Maybe we can ask her to also organize receiving cash? I don't want to burden her too much, but she's organized and we would absolutely trust her with this.
I know some people find it unpalatable to give cash. Would it make it any better if we asked for a The Home Depot gift card or something similar? (Though we really would prefer cash since a lot of things can be had for cheaper from Craigslist, if we do our own leg work.)
Any other suggestions? Thoughts? Weigh in with your experiences?