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Snapcash

Posted on 11/18/14 at 9:29 am
Posted by Tanker225
Baton Rouge
Member since Nov 2014
65 posts
Posted on 11/18/14 at 9:29 am
Great idea IMO.

Stealing that 1-3% transaction fee from the likes of Paypal, Chase, Apple Pay, Google Wallet etc.

+ having a userbase that mainly uses their parents money or has access to some of it.

What are your thoughts?
Posted by schexyoung
Deaf Valley
Member since May 2008
6534 posts
Posted on 11/18/14 at 9:35 am to
My bank and I would assume most banks have a bill pay online feature. All I need is your cell number, name, and email to setup a payee. I can make a one-time or recurring payment from my mobile device for no charge.

How does snapchat improve on that service?
Posted by Tanker225
Baton Rouge
Member since Nov 2014
65 posts
Posted on 11/18/14 at 9:41 am to
You probably arent their target demographic w this.

It's an app you are already familiar with and have your friends on it as well. You just type in $15 and send them $15 within seconds.

Most kids arent paying bills online or have a bank account.
This post was edited on 11/18/14 at 9:42 am
Posted by colorchangintiger
Dan Carlin
Member since Nov 2005
30979 posts
Posted on 11/18/14 at 9:45 am to
quote:

Stealing that 1-3% transaction fee from the likes of Paypal, Chase, Apple Pay, Google Wallet etc.


Visa, Mastercard, AmEx, and Discover are the ones that get those transaction fees.
Posted by LST
Member since Jan 2007
16316 posts
Posted on 11/18/14 at 10:33 am to
Theres already an app like this called Venmo
Posted by wildtigercat93
Member since Jul 2011
112338 posts
Posted on 11/18/14 at 11:56 am to
dumbest thing ive seen.


the people that use snap chat, arent sending cash to their snapchat friends besides Porn accounts and drug dealers




on second thought, its a great idea
Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11440 posts
Posted on 11/18/14 at 3:18 pm to
quote:

besides Porn accounts and drug dealers




on second thought, its a great idea



It all makes sense now.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57457 posts
Posted on 11/18/14 at 3:29 pm to
quote:

Stealing that 1-3% transaction fee from the likes
quote:

Chase
quick pay and bill pay is free bro.
Posted by msutiger
Shreveport
Member since Jul 2008
69630 posts
Posted on 11/18/14 at 3:53 pm to
(no message)
This post was edited on 4/15/23 at 3:08 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 11/18/14 at 4:03 pm to
quote:

A lot of times me and a friend will split a case. It's always a pain in the arse if one of us doesn't have cash. This will make it easy to send over half the money.



or you could use google wallet and avoid any fees whatsoever

because by using Square theyre going to take a percentage of your money
Posted by msutiger
Shreveport
Member since Jul 2008
69630 posts
Posted on 11/18/14 at 4:08 pm to
I've actually never heard of Google wallet, I'll have to look into that. The difference is, the majority of college students already have snapchat and frequently use it.

I'm down for whatever is free. However, the majority of people who will use this will be girls who could give two shits about the fees.

It's a brilliant move by snapchat.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 11/18/14 at 4:10 pm to
yeah college sloots will dominate this for sure.

but with your buddies, google wallet is awesome. i use it weekly to send money around - for free
Posted by msutiger
Shreveport
Member since Jul 2008
69630 posts
Posted on 11/18/14 at 4:29 pm to
Yeah I'm for sure going to check that out. Thanks for the heads up
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 11/18/14 at 4:42 pm to
whats wrong with paypal'ing money as gift to friends???
Posted by lsufan_26
Member since Feb 2004
12559 posts
Posted on 11/18/14 at 4:48 pm to
Terrible idea. Guys are now going to start having to pay for snaps of tits.
This post was edited on 11/18/14 at 5:48 pm
Posted by msutiger
Shreveport
Member since Jul 2008
69630 posts
Posted on 11/18/14 at 5:59 pm to
Who wants to login to PayPal?


Hell, I hate when I have to do it for DAT payments.
Posted by chesty
Flap City C.C.
Member since Oct 2012
12731 posts
Posted on 11/18/14 at 6:05 pm to
So much drug money
Posted by GatorReb
Dallas GA
Member since Feb 2009
9280 posts
Posted on 11/18/14 at 7:36 pm to
quote:

Terrible idea. Guys are now going to start having to pay for snaps of tits.


Oh shite thats EXACTLY whats gonna start happening...

Youll get a teaser video of about 5 seconds saying "Show you all for $XXX"

Damn haha
Posted by JohnZeroQ
Pelicans of Lafourche
Member since Jan 2012
8514 posts
Posted on 11/25/14 at 2:56 pm to
Yeah it a shame now cause of this no more Dominoxxx
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