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It's slightly more frictionless because you don't have to wait for the money to transfer. Might also be useful for psychological budgeting purposes. You pay for
by burkaman 9y ago
It's slightly more frictionless because you don't have to wait for the money to transfer. Might also be useful for psychological budgeting purposes. You pay for dinner with your Venmo card, your friends pay you back in the app, you know the whole time that you're just spending your entertainment money, not your rent money.
- samfriedman 9y agoTrue, this is much more "instant" and definitely has a psychological effect of only working with the separate Venmo money you've accrued. I think the next frontier of these bill-share/social payment apps will be in tighter, seamless bill-share integration. A store where I can easily split the payment between a few people at checkout, or a restaurant that has the Venmo addresses of everyone in my party at the time of the reservation. No need to photograph receipts and split after the fact.
- burkaman 9y agoI think that already exists. https://venmo.com/business https://venmo.com/business https://help.venmo.com/hc/en-us/articles/217532327-Splitting-Sharing-Purchases https://help.venmo.com/hc/en-us/articles/217532327-Splitting... I've never seen it in the wild though.