5 ms·

Listening the HT Guys podcast earlier today highlighted that apparently your transactions are not private by default—one of the hosts could inspect his contacts

by bouvin 9y ago

Listening the HT Guys podcast earlier today highlighted that apparently your transactions are not private by default—one of the hosts could inspect his contacts’ dealings with impunity. In Denmark, we have MobilePay and it is everywhere—I very rarely need to use cash to pay someone, and it certainly has made sharing a restaurant bill a breeze.

cavanasm 9y ago
When I used Venmo for the first time, I had this concern as well, but the cost of the transaction is private to everyone outside of the parties involved (and this isn't an options choice). I switched all my transactions to private, personally, but the public by default nature of Venmo seems very intentional. They're trying to create a social network like atmosphere around payments it seems.
- bpicolo 9y ago
  That only became true recently. Used to be public by default
  - anamexis 9y ago
    As far as I know, the transaction amounts have never been visible by anyone except the parties to the transaction.
    - bpicolo 9y ago
      You may be right, I coulda sworn it was showing amounts at some point in time
pbreit 9y ago
This feature is almost certainly the key reason Venmo became successful.
- astronautjones 9y ago
  They were also transferring funds within 1 business day while PayPal still took 3-4 days to process for at least a year or two. That's certainly what got me to join