Cashless real estate service in Silicon Valley, Ca- April 2019

Real Estate Agent with (408) 425-1601 CA bre 1519182

                                                          Sam Shueh

                                                          Cupertino, Ca


This is inspired by a question to me that a local home buyer does not carry check books and wish to pay earnest money deposit (EMD) for real estate mobile transaction. It also implies if one can purchase a real property  I contacted a few large US escrow and title companies and they informed me they are more opt to receive funds or deposits electronically.  Some title companies influenced by the international banking industry are evaluating opportunities to receive funds other than wired funds or checks.  Federal Reserve has now a committee to see if US can become a cashless mobile society. 


The millennial buyers are more opt to use new technology often popular in Europe or Asia for years ahead of US to purchase without cash. 100% of them carry already at least one smart phone and others even have a company issued phones for work. Often they have experimental software applications in beta test and actually work on the coding of transations.


This is a contest for what the area people are up to in April suggested by Hannah Williams. In this blog I wear my real estate technologist hat out of Cupertino, California. As the technology advances most realtors do not work in just one neighborhood anymore. They cover a bigger area.  The big deal in this country has been IC or magnetic stripe reader difference that took United States Postal Service forever to implement.  Half of local postal services are still not there yet. Neither is hospitals where same hospital will accept one format but not other.


I walked across my office a strip mall from Apple Spaceship. This store (cf photograph) takes many different plastic money. A little research shows maximum allowed for transmitting currency is shown applying to real estate downpayment or purchase a real property through mobile means.  


1. AliPay $30K max; $5K a day

2. American Express $50K

3. Apple Pay $3K

4. Chase $100K max

5. Discovery $60K

6. Google Pay $2500

7. Square $50K

8. PayPal $60K

9. Master 

10. Union Pay * $1450 

11. Visa

12. WeChat $1.5K or $30K max 

13. Zelle $2.5K


* Of these the most influential credit card is Union Pay. It is the world largest card payment bank (debit and credit cards combined) based in Shanghai offering online and mobile payments on total value of payment transactions. It links to all Chinese and overseas affiliates ATMs already.


eWallet is very popular in UK, Spain and PayUMoney are also popular mobile payments used in India.  Furthermore, RuPay popular in India and all oversea affiliates are threatening established Visa and Master cards resulting in complaints.  Our local technology depends on the H1 visa workers from many of these countries. Mexico does not yet have a reliable system. But don't worry, Jeff Bezos is getting top Mexican officials interested in Amazon Pay.  My gardener soon will take mobile pay.  More on it with local street beggars later.


This is April 15 tax filing time. Do you know IRS takes plastic money plus a 2% service fee these days?  If you are CC savvy it is easy to get the bank pay all if not getting ahead with some promotions which pays more.  Do you pay the difference as ordinary gain or not? Ask your CPA.


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Sam ShuehRealtor 

 I've called San Francisco South Bay home for over many years. We love this area and all it has to offer, and I enjoy sharing what I know about homes.  I documented in several books about Silicon Valley history.

I have much expertise in real estate and technology...please give me a call. 

SamShuehRealtor@ Gmail.com0

Prediction of 2018 Silicon Valley Real Estate 

 Silicon Valley Realtor Sam Shueh Website   Phone (4-O-8)  425-1601  



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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Very interesting Sam Shueh . I appreciate this post.

Apr 03, 2019 05:05 PM #1
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Our  property taxes can also be paid with credit cards though I am guessing few people do with the added premium for processing charges. Interesting post !

Apr 04, 2019 03:13 AM #2
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Sally K. & David L. Hanson 

Rewards, points. There is a link in my blog showing where you get a platinum card with no name, no CVV code in the back that earns more than 2% back. iCard gives back 3% for some purchases. One offers 4% back for dining experiences.

Apr 04, 2019 06:27 AM #3
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi Sam, good post for payment options for EM. Bernie is pretty savvy about our CC choices. He uses one that gives us some nice benefits and rebates. 

Apr 04, 2019 07:18 AM #4
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