For arguments sake, let's just say a person wants to run a NFL football weekly pick em league for $5 per entry. Say they have about 20 or so people that want to participate. Of course this person cannot collect everyones cash every week of the season. Online transfers seem to be the best way to go. They have done some research on both Paypal and Amazon Payments. Which one should that person use? A key thing the person running the pool is looking for: 1. Be able to accept payments without all of said friends having to sign up for an account to receive the money. Is there any service out there that offers this?
first, accept all the payment at one time, much easier. Then for payout, depending on your bank, you can send money with it and the receiver just needs to register with email or mobile number. I know WF, Chase, and BOA has it. Or try using a site like http://maximumfantasysports.com