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Venmo - Square Cash - Paypal

Posted on 7/14/16 at 4:04 pm
Posted by Neauxla
New Orleans
Member since Feb 2008
33443 posts
Posted on 7/14/16 at 4:04 pm
Which one do you use and why?
Posted by hiltacular
NYC
Member since Jan 2011
19677 posts
Posted on 7/14/16 at 4:05 pm to
Venmo. Everyone I know uses it / ease of use.
Posted by castorinho
13623 posts
Member since Nov 2010
82031 posts
Posted on 7/14/16 at 4:07 pm to
Why venmo over PayPal?
Posted by baldona
Florida
Member since Feb 2016
20456 posts
Posted on 7/14/16 at 4:10 pm to
Is venmo good for a small business? Most of my transactions are over $1000 do they have restrictions? Paypal has started to add security questions like SSN to transactions over $1000 I'm curious if anyone out there does not?
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 7/14/16 at 4:13 pm to
I use venmo or PayPal, depending on who and what in paying for. Venmo is a touch easier to use.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 7/14/16 at 4:14 pm to
Conducting business via Venmo is not allowed. They will freeze funds.

Eta: apparently you now can, didn't know that.
This post was edited on 7/14/16 at 4:16 pm
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 7/14/16 at 4:19 pm to
For personal activity, Venmo every single time
Posted by baldona
Florida
Member since Feb 2016
20456 posts
Posted on 7/14/16 at 4:20 pm to
So what do you use it for? Transferring money between people? Instead of writing a check to a friend or family member or cash? Seems limited, I'd need it like twice a year.
Posted by hiltacular
NYC
Member since Jan 2011
19677 posts
Posted on 7/14/16 at 4:22 pm to
I don't know anyone that uses Paypal over Venmo... in fact, I couldn't even tell you if Paypal has an app that allows you to immediately transfer funds to and from persons without a fee.

I hate the word literally, but literally everyone I know uses Venmo.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35333 posts
Posted on 7/14/16 at 4:28 pm to
quote:


So what do you use it for? Transferring money between people? Instead of writing a check to a friend or family member or cash? Seems limited, I'd need it like twice a year.


A lot more useful for the under 30 crowd, or maybe those who send money to their kids who are away at school.

It's so much more convenient and easier than cash or check when splitting bills/splitting checks/splitting groceries/etc. between roommates and friends.

Also nice when I'm buying/selling random stuff on craiglist etc. Don't have to exchange cash. Just a couple of taps on their end and a single tap on my end and it's in my bank account.


ETA: Also get a few thousand more AMEX points per year without spending any more money by putting group expenses on my AMEX and having people just venmo me their share of whatever was purchased.
This post was edited on 7/14/16 at 4:32 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/14/16 at 4:28 pm to
gooogle wallet
Posted by baldona
Florida
Member since Feb 2016
20456 posts
Posted on 7/14/16 at 4:46 pm to
How much does Venmo cost? It kinda blows me away how high paypal fees are now. I think a lot of it has to deal with so many people using rewards cards now and they are more expensive to process. I feel like in 5 years we're going to have 4% rewards programs as the norm and 5% CC fees.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35333 posts
Posted on 7/14/16 at 4:48 pm to
Free.


I assume they sell your information (what information I have no clue) but there is no fee on transactions.
Posted by lynxcat
Member since Jan 2008
24149 posts
Posted on 7/14/16 at 5:13 pm to
I use Square Cash. Very easy to use and completely free.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7222 posts
Posted on 7/14/16 at 5:43 pm to
I use chase quickpay, then venmo, then PayPal.
Posted by HYDRebs
Houston
Member since Sep 2014
1241 posts
Posted on 7/14/16 at 5:47 pm to
Pretty Much everyone I know uses Venmo (people in their 20's). It's interface is just so simple. It's great for bills, splitting tabs, small bets between friends.
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 7/14/16 at 5:49 pm to
quote:

in fact, I couldn't even tell you if Paypal has an app that allows you to immediately transfer funds to and from persons without a fee.


They do, it's called Venmo Venmos parent company is PayPal. PayPal as an app has the capability to send money without a fee but it's more complicated than Venmo.
Posted by LSUShock
Kansas
Member since Jun 2014
4917 posts
Posted on 7/14/16 at 7:25 pm to
Only reason I use PayPal is for eBay, other than that, Venmo all the way.
Posted by Louie T
htx
Member since Dec 2006
36317 posts
Posted on 7/14/16 at 7:45 pm to
Venmo is the greatest thing since sliced bread.
Posted by baytiger
Boston
Member since Dec 2007
46978 posts
Posted on 7/14/16 at 7:58 pm to
Square because that's what my friends use.

also the sound effect is really gratifying
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