"An American Express Serve app for both Android and iOS has been created for
online purchases, paying bills and even person-to-person payments."
"Serve consumer fees will be highly competitive. There are only two fees for
consumers and we are waiving the fee to put money into the Serve account for
the next six (6) months. The two fees are:
Putting money into a Serve account: 2.9% + 30c/per load, discounted to 0% for
cash, debit and ACH.
ATM cash withdrawal (after first one each month free): $2.00
Unlike some other products in the market, Serve has no fees to open an account,
no monthly fees, no fees for P2P transactions, no fees to set up sub-accounts
(up to four accounts) and no fees to use the widgets."
Launched today in the US and will be available for the rest of the world later
this year. I'm looking forward to offering my customers another paypal alternative!
USA, California
