8 ms·

For those who are older, Venmo is used today probably more than cash by college students (for things like paying a friend back, paying membership dues, paying t

For those who are older, Venmo is used today probably more than cash by college students (for things like paying a friend back, paying membership dues, paying to get into a party, etc.)

bigdubs 11y ago
venmo is used more than cash by my late 20 and early 30 friends as well.
- dplgk 11y ago
  What are the 30's people using it for?
  - imjared 11y ago
    I bought concert tickets and a friend paid me for one of them. I need help moving and my friend let me use her zipcar membership. I venmo'd her money for the cost of the van. A few friends and I wanted to send flowers to a friend who had a baby. One person bought them and charged us each the split amount. etc.
  - harryh 11y ago
    I am 37. My last couple venmo transactions: Paying off a bet about who would become CEO of twitter Paying someone for my portion of a bar tab. Fantasy Football league dues Receiving money from someone for their portion of a bar tab Paying someone for movie tickets
    - deleted 11y ago
      [deleted]
    - dplgk 11y ago
      Why not use PayPal? No fees? Less friction?
      - harryh 11y ago
        Venmo is way easier to use. Hence all of my friends use it, so there is a powerful network effect.
  - stevesearer 11y ago
    I use it for just about everything I would have previously had to write a check to an individual for. Most of the time this ends up being some form of paying someone back for my portion of a split bill or if they purchased something on my behalf. Even though I have had paypal for years, most people cringe when someone doesn't yet have Venmo and offers to send via paypal.
  - yvesmh 11y ago
    Some people use it to meet minimum spends for credit card sign-up bonuses.
  - nommm-nommm 11y ago
    I'm in my 30s. Today is the first day I've ever heard of Venmo. I think the reason why I never heard of it is cause of the way my friends and I handle money. One person will grab drinks one day and the next time the next person picks up lunch. If someone buys a pizza everyone just gives them whatever bill from their pocket. None of us really "keep track" in specific dollar figures. Nobody says "this is only $5, you owe me $6." Of course this kind of thing doesn't work out for every group.
RankingMember 11y ago
I'm weird but I feel like cash is superior for those applications and doesn't require me to hand my credit card number out to yet another company.
- deleted 11y ago
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- deleted 11y ago
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- untog 11y ago
  But it does require you to walk to the nearest ATM, withdraw the nearest round amount to the amount you need, then somehow try to get change from your friend (or just call it even) then walk around with the remainder. I get what you're saying, but it isn't difficult to see why people find Venom a better option. What is exactly that bad about Venmo having your credit card number? You're protected from fraud anyway.
  - toomuchtodo 11y ago
    Write check, friend deposits with mobile check deposit app. Everyone has a bank of some sort, I have yet to meet anyone who is using Venmo.
    - HaloZero 11y ago
      You then have to write out a check to the right person, the amount, the other person has to sign it and then take two pictures. Venmo just reduces all of that to. Send $10 to X
      - toomuchtodo 11y ago
        Perfect example of the HN bubble.
        mojowo11 11y ago
kedean 11y ago
Depending on where you live, at least. In my section of the midwest, I've never met someone who uses Venmo for anything.
Keats 11y ago
So is it useful in countries with good banking systems? In the UK transactions are pretty much instantaneous and only require account number/sort code. I had never heard of it until I saw that post

For those who are older, Venmo is used today probably more than cash by college students (for things like paying a friend back, paying membership dues, paying to get into a party, etc.)

bigdubs 11y ago

venmo is used more than cash by my late 20 and early 30 friends as well.

dplgk 11y ago
What are the 30's people using it for?
- imjared 11y ago
  I bought concert tickets and a friend paid me for one of them. I need help moving and my friend let me use her zipcar membership. I venmo'd her money for the cost of the van. A few friends and I wanted to send flowers to a friend who had a baby. One person bought them and charged us each the split amount. etc.
- harryh 11y ago
  I am 37. My last couple venmo transactions: Paying off a bet about who would become CEO of twitter Paying someone for my portion of a bar tab. Fantasy Football league dues Receiving money from someone for their portion of a bar tab Paying someone for movie tickets
  - deleted 11y ago
    [deleted]
  - dplgk 11y ago
    Why not use PayPal? No fees? Less friction?
    - harryh 11y ago
      Venmo is way easier to use. Hence all of my friends use it, so there is a powerful network effect.
- stevesearer 11y ago
  I use it for just about everything I would have previously had to write a check to an individual for. Most of the time this ends up being some form of paying someone back for my portion of a split bill or if they purchased something on my behalf. Even though I have had paypal for years, most people cringe when someone doesn't yet have Venmo and offers to send via paypal.
- yvesmh 11y ago
  Some people use it to meet minimum spends for credit card sign-up bonuses.
- nommm-nommm 11y ago
  I'm in my 30s. Today is the first day I've ever heard of Venmo. I think the reason why I never heard of it is cause of the way my friends and I handle money. One person will grab drinks one day and the next time the next person picks up lunch. If someone buys a pizza everyone just gives them whatever bill from their pocket. None of us really "keep track" in specific dollar figures. Nobody says "this is only $5, you owe me $6." Of course this kind of thing doesn't work out for every group.

RankingMember 11y ago

I'm weird but I feel like cash is superior for those applications and doesn't require me to hand my credit card number out to yet another company.

deleted 11y ago
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deleted 11y ago
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untog 11y ago
But it does require you to walk to the nearest ATM, withdraw the nearest round amount to the amount you need, then somehow try to get change from your friend (or just call it even) then walk around with the remainder. I get what you're saying, but it isn't difficult to see why people find Venom a better option. What is exactly that bad about Venmo having your credit card number? You're protected from fraud anyway.
- toomuchtodo 11y ago
  Write check, friend deposits with mobile check deposit app. Everyone has a bank of some sort, I have yet to meet anyone who is using Venmo.
  - HaloZero 11y ago
    You then have to write out a check to the right person, the amount, the other person has to sign it and then take two pictures. Venmo just reduces all of that to. Send $10 to X
    - toomuchtodo 11y ago
      Perfect example of the HN bubble.
      - mojowo11 11y ago

kedean 11y ago

Depending on where you live, at least. In my section of the midwest, I've never met someone who uses Venmo for anything.

Keats 11y ago

So is it useful in countries with good banking systems? In the UK transactions are pretty much instantaneous and only require account number/sort code. I had never heard of it until I saw that post