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Be careful, they technically don't allow commercial transactions and will freeze your account (and reverse transactions) if they catch you. I got a stern warnin
by schrodinger 9y ago
Be careful, they technically don't allow commercial transactions and will freeze your account (and reverse transactions) if they catch you. I got a stern warning after selling something on Craigslist and accepting payment via venmo, they must have figured it out by the note and lack of network of friends with the buyer.
- fossuser 9y agoThat's a bad idea because you're likely to get scammed: http://www.slate.com/articles/business/moneybox/2015/09/venmo_scam_and_fraud_why_it_s_easy_to_get_ripped_off_through_the_mobile.html http://www.slate.com/articles/business/moneybox/2015/09/venm... Basically if you're doing a transaction with an untrusted person the time it takes for things to clear means you can be taken advantage of.
- AstralStorm 9y agoIt is not about scams, but lost earnings from PayPal services which are expensive for a wire transfer. Venmo has a similar dispute system and you can often bounce on credit card too.
- skinnymuch 9y agoI've heard getting scammed by people you don't know (I guess people you know too) is really easy on Venmo. Especially in cases like CL. Be careful.