Give me the Readers Digest version of Venmo

[gkent]

Yay or nay? What are the pros and cons. I've looked at their website but its as clear as mud.

 

[Garceau]

I use it, its simple - similar to paypal in most every aspect.

Linked to an account, and you can transfer money to another member. Its super popular with the younger crowd, they use it for just about everything.

 

[gtxdana]

Venmo is owned by PayPal. No fee using debit card on Venmo. Like PayPal, scammers can still do chargebacks.

 

[XS22J8R]

I've been pressured to get Venmo or Zelle but so far have resisted. One more password to wrestle with managing, and one more potential outlet for scammers to get at to steal from me is my reasoning. It's getting tough though, everyone wants to pay digitally now it seems, I have a Paypal account but many don't want to use it to pay me.
Life was a lot easier and more secure when all we had was cash and checks!

 

[PlymCrazy]

I've had a VenMo account for several years. No trouble. Use it minimally however, typically only for vendors that don't accept another form of payment I would typically use. It's user platform takes some getting used to IME.

 

[hunt2elk]

I use Venmo. But only with my wife, kids, and renter.

 

[gkent]

Venmo is owned by PayPal. No fee using debit card on Venmo. Like PayPal, scammers can still do chargeback

I use Venmo. But only with my wife, kids, and renter.

Ok, well after doing a little more research Venmo is not an option - not available in Canada.

 

[Cranky]

I've had more scammers want to use Venmo and Zelle than PayPal....and I've had PayPal for a LOT of years now.

 

[eldubb440]

I use Zelle....... easy peazy, and instant

 

[Cranky]

I use Zelle....... easy peazy, and instant

You use your phone to make transactions?

 

[RemCharger]

In Canada we have E transfers.
It goes straight from your account, into the sellers. Or vice versa.
on your phone, in 2 seconds. No third party bullsh*t.

 

[RemCharger]

If bbodies could take etransfers, I'd be a goldmember

 

[Cranky]

In Canada we have E transfers.
It goes straight from your account, into the sellers. Or vice versa.
on your phone, in 2 seconds. No third party bullsh*t.

Not sure but think I can do an E transfer with my credit union. I know I can do it with my IRA account and other places but not sure with other members within the credit union or out of it.

 

[RemCharger]

Not sure but think I can do an E transfer with my credit union. I know I can do it with my IRA account and other places but not sure with other members within the credit union or out of it.

They way I've understood it, there's thousands of little independent banks in the states. Up here there's maybe 10? And they're all on board with the national program. So I can send someone $$ on the eastern coast no matter what bank they're with.

 

[gkent]

Two things we definitely do right in Canada - health care and banking

 

[Cranky]

Two things we definitely do right in Canada - health care and banking

What's the population in the area you get your health care from? I have a bud that lives in one of the big cities and he says getting in for medical care sucks.....long lead times. Got that way here too after Obummer care came in. That mess made a system that needed work way worse.

 

[demonram]

In Canada we have E transfers.
It goes straight from your account, into the sellers. Or vice versa.
on your phone, in 2 seconds. No third party bullsh*t.

We have that here. I had never used it, until about a month ago, I had a customer send me a pretty good chunk of change. He said he didn’t want to take a chance with snail mail. Next day it was in my account. Had another customer wanted to do the same 2 weeks ago. He said he’d never done it, but asked if it was alright if he did, same reason, it took 8 days for the last check, to get to me. He has Wells Fargo, after trying a few times, he called and said, they wouldn’t transfer outside their system. He sent the check, 7 days later I received it. He said next time he’d just debit it to me. I said you’re not paying 3% to debit it, just send it by mail, no problem. The one piece of advice I got was from the first guy. Text your banking info instead of email. His wife is in real estate, and she had had, 2 emails hacked or whatever, and it caused a big problem for the senders account.

 

[gkent]

What's the population in the area you get your health care from?

I live in a city of 80,000 in the most populated area in Canada.

In June I went for a routine checkup. Doctor asked some questions and said at my age a stress test would be a good idea. Got that about two weeks later and just before Mopars at Carlisle I went for the results and was told I should get an angiogram and possibility of a stint or two. Went for the angiogram around the first week of August and was informed stints weren't gonna cut it, I'd need by-pass surgery and it would be done within a month. Was scheduled for just after Labour day but was told it could be cancelled if there was an emergency. There was ... twice. I was finally admitted and got my quadruple by-pass on September 12th. Having been through it I'm quite confident that had I needed it sooner I would have got it, and that I wasn't bumped because someone had more money, clout or insurance than me. Oh, total cost of all the visits and operation ... whatever parking was !! And whatever my meds I need ... $100. for the year.

As for your buddy, a lot depends on his family doctor. Everything here works on referral or "emergency". If his doctor doesn't think his case warrants further scrutiny and a referral then he's pretty much screwed unless he's brought into emerg on a stretcher. You don't just walk into a hospital, flash your provincial medical card and tell them you want two new knees, a hip and a heart transplant.

Anyhow, we're off topic.

 

[gkent]

We have that here. I had never used it, until about a month ago, I had a customer send me a pretty good chunk of change. He said he didn’t want to take a chance with snail mail. Next day it was in my account. Had another customer wanted to do the same 2 weeks ago. He said he’d never done it, but asked if it was alright if he did, same reason, it took 8 days for the last check, to get to me. He has Wells Fargo, after trying a few times, he called and said, they wouldn’t transfer outside their system. He sent the check, 7 days later I received it. He said next time he’d just debit it to me. I said you’re not paying 3% to debit it, just send it by mail, no problem. The one piece of advice I got was from the first guy. Text your banking info instead of email. His wife is in real estate, and she had had, 2 emails hacked or whatever, and it caused a big problem for the senders account.

The way our e-transfer system works is airtight. As a "sender" all I need is the recipient's email address - nothing else. I enter that in the appropriate area in my online banking and I'm done. The recipient gets an email from my bank and does the deposit with a password I've provided. It is virtually INSTANT. Total cost regardless of the amount ... $1.50 to the sender. I have no idea who their bank is nor do they know mine.

 

[eldubb440]

You use your phone to make transactions?

my laptop..... but I could if I had to