3 ms·
What's wrong with a simple wire transfer? Why go through all the trouble to let other entities transfer money when the bank can do so already?
by ygra 9y ago
What's wrong with a simple wire transfer? Why go through all the trouble to let other entities transfer money when the bank can do so already?
- slyfocks 9y agoVenmo is commonly used in social settings to reimburse small amounts (e.g. splitting the cost of food ordered for a party). Wire transfers are generally cost prohibitive, and even assuming no fees, it’d be strange (and more time consuming) to ask a friend for their bank details to wire them $10 for pizza.