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I have a separate bank account for Venmo that I keep capped at a few hundred dollars. Getting robbed a few hundred is much better than a few thousand, and for t
by z1mm32m4n 9y ago
I have a separate bank account for Venmo that I keep capped at a few hundred dollars. Getting robbed a few hundred is much better than a few thousand, and for the convenience of Venmo (especially on a college campus) it's a fine risk for me.
- BHSPitMonkey 9y agoSerious question: We all know PayPal has a penchant for freezing/seizing PayPal balances, but is there actually a single known case of them actually initiating an unwanted bank account transfer without the user initiating it (or someone otherwise losing money via Venmo)? Is this fear even rational? I can understand not wanting to support the company as a matter of principle, but I'm not sure I buy the risk angle.