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That's very interesting, among my social circle (low 20's Northeast New England Area) Venmo has an implicit monopoly on the service. I doubt any of my non-cs fr

That's very interesting, among my social circle (low 20's Northeast New England Area) Venmo has an implicit monopoly on the service. I doubt any of my non-cs friends have even heard of Square's offering.

StudentStuff 9y ago
Venmo is definitely king in Seattle, but people really don't understand how risky Venmo is for Craigslist and Facebook transactions. Since its F2F, if the person who sent you money contacts Venmo, that money will be returned to them without the ability for the receiver to get a word in edgewise.
- marrone12 9y ago
  Really? I've tried to contact Venmo in the past about an errant send and they told me I was out of luck.
  - StudentStuff 9y ago
    Contact your bank and reverse the debit transaction, like an errant check, you have rights when it comes to reversing a transaction. Most fraud is committed during the settlement period though, while Venmo holds the money: 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...
KGIII 9y ago
Some of the trendier merchents have Square in my neighborhood. I'm in NW Maine. I just bought some alpaca wool and the nice lady swiped my card through a Square device attached to her phone. The pie lady takes Square too. I think the new coffee shop, down in the village, now has a real merchant account, but they did use Square. I've never even seen Venmo. Err... I'm old, but we have hip and trendy tourists? Ah well... Another anecdote for ya.
- passivepinetree 9y ago
  I believe Venmo is squarely in the market of peer-to-peer money. IIRC I don't believe they have any business offerings. Square, meanwhile, is offering both business and peer-to-peer options. It might be a generational thing, but it does seem like Venmo has cornered the p2p market.
  - KGIII 9y ago
    That would absolutely explain why I've never seen it. In my generation, if I invite people out, I expect to pay the bill. There is no bill splitting. If I'm paying someone, I've probably got cash. Yeah, I even have a landline. I did mention I'm old. ;-)

StudentStuff 9y ago

Venmo is definitely king in Seattle, but people really don't understand how risky Venmo is for Craigslist and Facebook transactions. Since its F2F, if the person who sent you money contacts Venmo, that money will be returned to them without the ability for the receiver to get a word in edgewise.

marrone12 9y ago
Really? I've tried to contact Venmo in the past about an errant send and they told me I was out of luck.
- StudentStuff 9y ago
  Contact your bank and reverse the debit transaction, like an errant check, you have rights when it comes to reversing a transaction. Most fraud is committed during the settlement period though, while Venmo holds the money: 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...

KGIII 9y ago

Some of the trendier merchents have Square in my neighborhood. I'm in NW Maine. I just bought some alpaca wool and the nice lady swiped my card through a Square device attached to her phone. The pie lady takes Square too. I think the new coffee shop, down in the village, now has a real merchant account, but they did use Square. I've never even seen Venmo. Err... I'm old, but we have hip and trendy tourists? Ah well... Another anecdote for ya.

passivepinetree 9y ago
I believe Venmo is squarely in the market of peer-to-peer money. IIRC I don't believe they have any business offerings. Square, meanwhile, is offering both business and peer-to-peer options. It might be a generational thing, but it does seem like Venmo has cornered the p2p market.
- KGIII 9y ago
  That would absolutely explain why I've never seen it. In my generation, if I invite people out, I expect to pay the bill. There is no bill splitting. If I'm paying someone, I've probably got cash. Yeah, I even have a landline. I did mention I'm old. ;-)