5 ms·

Venmo ... Oh that's PayPal too. I'm not a fan, but maybe Bitcoin? What about mailed checks, as a backup?

kennywinker 9y ago
In Canada we have Interact e-transfers. For about $1 you can send money between any two banks via email or sms. The fee is frustrating, especially when you want to pay someone back for lunch or something small, but it is very convenient and basically everybody knows how to use it at this point.
- jessriedel 9y ago
  Btw, EQ Bank and ATB Financial offer a few (5-10) Interac transactions for free per month. http://www.playpay.ca/blog/comments.cfm?id=3&blogid=7 http://www.playpay.ca/blog/comments.cfm?id=3&blogid=7
- CosmicShadow 9y ago
  Yeah these are great, they've pretty much made cheques obsolete. Need to pay the cleaning lady or lawn guy? Just email money transfer, no one wants to go to the bank or take a photo of a cheque. I even get paid for many contracts via this method, but it can be annoying that some banks have lower daily limit, and even more surprisingly my personal daily limit is like twice as high as a business bank account's limit (for certain banks), but it's like $1.50 to send the money and people just do it over the course of 2 days if it's over the limit. Wire transfers are too crazy expensive in Canada as well. Also easiest way to send money to yourself if your business account is at a different bank and you don't have cheques or want to get robbed carrying cash!
- jlebrech 9y ago
  someone who asks you for that $5 back, is always that person that will borrow $500 from you and never pay back, why spend a dollar for such a small amount.
  - kennywinker 9y ago
    Where are you going for lunch?
briandear 9y ago
How do you explain Bitcoin and actually how to use it to a normal person. It's a niche "currency" and not something you could expect your typical non-tech person to use. You might as well tell someone to pay you in put options or bearer bonds.

In Canada we have Interact e-transfers. For about $1 you can send money between any two banks via email or sms. The fee is frustrating, especially when you want to pay someone back for lunch or something small, but it is very convenient and basically everybody knows how to use it at this point.

jessriedel 9y ago
Btw, EQ Bank and ATB Financial offer a few (5-10) Interac transactions for free per month. http://www.playpay.ca/blog/comments.cfm?id=3&blogid=7 http://www.playpay.ca/blog/comments.cfm?id=3&blogid=7
CosmicShadow 9y ago
Yeah these are great, they've pretty much made cheques obsolete. Need to pay the cleaning lady or lawn guy? Just email money transfer, no one wants to go to the bank or take a photo of a cheque. I even get paid for many contracts via this method, but it can be annoying that some banks have lower daily limit, and even more surprisingly my personal daily limit is like twice as high as a business bank account's limit (for certain banks), but it's like $1.50 to send the money and people just do it over the course of 2 days if it's over the limit. Wire transfers are too crazy expensive in Canada as well. Also easiest way to send money to yourself if your business account is at a different bank and you don't have cheques or want to get robbed carrying cash!
jlebrech 9y ago
someone who asks you for that $5 back, is always that person that will borrow $500 from you and never pay back, why spend a dollar for such a small amount.
- kennywinker 9y ago
  Where are you going for lunch?

briandear 9y ago

How do you explain Bitcoin and actually how to use it to a normal person. It's a niche "currency" and not something you could expect your typical non-tech person to use. You might as well tell someone to pay you in put options or bearer bonds.