Venmo. Ugh. 🤢

[GayleMeyers]

Originally Posted by pmdelites

one can use zelle to transfer money to a provider.
however, the sender needs to know the receiver's RW info if that's how they are registered on zelle. and then the receiver knows the sender's RW info.

so, unless you really trust the other person or dont care what they do with that RW info, i suggest you dont use zelle.

cash or gift card or prepaid debit card.
or sheep and eggs and fresh milk.

Exactly.

[jonas1_2]

The problem is people using these electronic payments as bank accounts.

Get an actual bank account, and then use Venmo, CashApp, etc. just as an intermediary to transfer money to and from it.

Everyone I know who's had issues with electronic payments was using it to store money. If all of your electronic payment accounts always have a $0 balance because you never keep anything in it, you'll never have an issue.

Additionally, everyone I know who's had issues with electronic payments was using it to buy or sell illegal substances. It's more likely illegal substance sales, not hobbying, is what got the accounts shut down. Banks only care about what the government cares about, and the government cares way more about drugs than prostitution.

[TinMan]

My experience with Venmo has been that if I didn’t keep money I received in that account, they would charge me a fee to transfer money back from my bank to my Venmo account.

[Joddxxx]

I only use cash.

[TalliaThomas]

Originally Posted by jonas1_2

The problem is people using these electronic payments as bank accounts.

Get an actual bank account, and then use Venmo, CashApp, etc. just as an intermediary to transfer money to and from it.

Everyone I know who's had issues with electronic payments was using it to store money. If all of your electronic payment accounts always have a $0 balance because you never keep anything in it, you'll never have an issue.

Additionally, everyone I know who's had issues with electronic payments was using it to buy or sell illegal substances. It's more likely illegal substance sales, not hobbying, is what got the accounts shut down. Banks only care about what the government cares about, and the government cares way more about drugs than prostitution.

1. I've never stored money in CashApp nor Venmo. I never received payments in Venmo, was only used to pay rent when I lived in the USVI. CashApp was used primarily to send money to my kiddos because my Credit Union didn't have Zelle at the time.


2. Can't speak for others-- but I don't even drink, much less consume any other substances.

[KellyKiss]

Something happened to mine when I sent my info to a “client” apparently it was a scam same with cashapp. So I just use Zelle or paypal these days

[TinMan]

Originally Posted by KellyKiss

Something happened to mine when I sent my info to a “client” apparently it was a scam same with cashapp. So I just use Zelle or paypal these days

With both PayPal and Zelle, are you able to transact business without either you or your clients disclosing real-life information?

I doubt that I would ever use either for hobby transactions, but am curious.

[TalliaThomas]

Originally Posted by TinMan

With both PayPal and Zelle, are you able to transact business without either you or your clients disclosing real-life information?

I doubt that I would ever use either for hobby transactions, but am curious.

With Zelle-- you're going to be exchanging some info. Now-- in some cases, the guys have already given personal info to screen-- so its only the ladies who are disclosing information not previously known.



With Paypal-- I suppose if both parties have business accounts, there is a thin layer of hiding-- but its not hard to source out the information.

[sweet_k47]

PayPal, Venmo basically the same company, PayPal owns Venmo

[jan-w]

Originally Posted by TalliaThomas

While that is generally true-- its far easier for a man to pull 100-200 out than it is for a man to pull 600-800 out.



I get the appeal for some ladies. Its just not my personal preference.

Easy solution there. Just never pay 600-800.

[TinMan]

@Tallia: that’s what I figured.

Originally Posted by sweet_k47

PayPal, Venmo basically the same company, PayPal owns Venmo

Yes, I’m aware. I use PayPal to make purchases and don’t pay a fee. I assume the seller has some small merchant fee they pay, but I don’t know the fee structure on their end, if any. I don’t recall if I had to pay a fee for person-to-person transactions, but it’s been awhile since I’ve done so and don’t recall any.

Venmo wants to charge me a fee for any transaction that doesn’t involve money in my Venmo cash account or using a Venmo-affiliated credit card. If someone sends me cash through Venmo I’ll keep it there so I can use it without paying a fee. I think the most I’ve ever kept there is $300 and I’ve used up most of that.

Zelle doesn’t charge me anything and it’s easy to transact from my banking app. Most of my friends who used to use Venmo have switched to Zelle, presumably for the same reasons.

Back to Venmo and PayPal: I think the fee structure is different between the two because PayPal is focused on e-commerce. Most online retailers offer PayPal as an option alongside Visa and Mastercard. Venmo appears to be focused on replacing cash payments among individuals, and if they can get you to borrow to do so (via credit card) they are more than happy to make their money that way given how many people carry over balances and pay the big credit card interest rate.

[LadyAnastasia]

Ive never been comfy enough to use venmo. As I was reading through this post, my heart rate was slowly rising and before I got to the post before mine, I emptied my cashapp. Problem solved ��

[sweet_k47]

Cash and if in a pinch Zelle