(Closed) Online cash registry, "Present Value"

posted 5 years ago in Gifts and Registries
Post # 3
Member
2 posts
Wannabee
  • Wedding: May 2013

@hattie:  

We registered with honeyfund.com only because I had a friend use it with good results. It’s free if someone prints off the certificate and adds it to their card (& adds cash) bringing it to the wedding. But, if they pay online with a credit card it deducts 2.8% + $0.30 transaction fee. I figure it’s not much for the convenience.

I don’t know anything about Present Value, but I hope this helps some.

 

Post # 4
Member
1 posts
Wannabee

Hattie,

I am one of the Co-Founders of Present Value, thanks for your interest in the site. Regarding your first question, we are a relatively new site which is why you probably can’t find any reviews about us. We launched Present Value in late 2012. However, I can assure you that we will be available every step of the way if you should encounter any issues or if you have any questions for us.

On the fees question, we are truly a no fee registry! You and your guests will not incur any fees on our site. Our goal is to get people to think about their financial futures at critical moments of their lives such as getting married or having a baby.  Staying true to that goal we did not want to charge any fees that would eat into the savings that people achieved by using Present Value.

You can certainly register with us to remodel your kitchen in addition to anything else such as building a nest egg.

We hope that you sign up for a Present Value registry and have a great experience with us. If you have any questions along the way please don’t hesitate to contact us at [email protected], we are happy to help.

Hope you have a great day, and thanks again for your interest in Present Value!

Post # 5
Member
1876 posts
Buzzing bee
  • Wedding: October 2014

I personally wouldn’t do it. Most people here will flame you for asking for cash. If cash is really all you want/need, then don’t create a registery and if anyone asks your family can just say that you don’t really need anything but you are hoping to save up cash for a remodel.

Post # 6
Member
12833 posts
Honey Beekeeper
  • Wedding: November 1999

I personally would not register for cash.  I think it’s inappropriate, but if your social circle wouldn’t find it offensive, I guess it’s okay to use.  If you are going this route, I’d pick honeyfund over a new site, since honeyfund is more credible!

Post # 7
Member
3265 posts
Sugar bee

I don’t understand the point of a place like this.  Why use a middle man to get cash from your guests?  Also how do they stay a float if they don’t charge fees.  Surely that website doesn’t run it’s self, nor does the money send itself to the couple.  The goal of all businesses is to make money, so that sketches me out a little.  I doubt these people are just so alturistic that they want people to get cash and work for free to make that happen for people.

Most people give cash at weddings, and those that don’t are not likely to use an online site to give cash.  Typically, they are present givers because they like it, or don’t believe in gifting cash.  Present value doesn’t do anything to overcome those issues.

Everyone knows that people like cash.  Just not registering, and spreading via word of mouth (when asked)  will yield you the same results, but without risking offending anyone.

 

Post # 9
Member
3053 posts
Sugar bee
  • Wedding: February 2015

@hattie:  I would try it with a small amount first…set up a registry & donate to it yourself & then withdraw the cash & see how the process goes. I appreciate that the owner responded to you and am impressed by the customer service but I also wonder how they stay in business if there is no charge for the service…that would make me a bit wary. Though if it’s true & it works out well, that’s fantastic! I think the practice run is the best idea!

Post # 10
Member
9917 posts
Buzzing Beekeeper
  • Wedding: June 2013

@hattie:  If you want to remodel, you could also register at Home Depot or Lowe’s.  That way people would be buying you actual things instead of just giving money.  For the website you mentioned, I suggest doing what @soontobemrsm11 recommended.  That way you’ll know for sure whether they take a cut or not.  

Post # 11
Member
3697 posts
Sugar bee
  • Wedding: May 2012

I have nothing to add to your actual question, but I would totally buy you an actual kitchen sink if you registered for one at Lowe’s!  How fun would it be to come over and see…. the sink I bought you. 

Post # 12
Member
1 posts
Wannabee
  • Wedding: September 2013

So, how did it go?  I just started looking around and thought Present Value was great. My issue is that I am in 700 sqft.  I’m and older bride and I’ve got everything I need right now.  We have the wedding ceremony scheduled for June and the wedding reception scheduled in September and we are moving in November.  I can’t fit anything into my current place and I have no idea on the layout of the next place.  I am a huge Suze Orman fan and can’t help but thing this is a great tool to assist folks to live within their means.  

Post # 13
Member
1399 posts
Bumble bee
  • Wedding: July 2013

@peachacid:  +1 register for the thing you want from home depot (or lowe’s, or amazon, wherever)… you can add that you want gift cards for these places, as well!

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