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My sibling and their friends use the Cash app, they find the social networking aspect of venmo appalling. I think when Venmo came out, there was nothing else as
by chickenfries 8y ago
My sibling and their friends use the Cash app, they find the social networking aspect of venmo appalling. I think when Venmo came out, there was nothing else as convenient, so we accepted the social networking aspect for the convenience.
Man, what a brilliant feature though, for Venmo. Provide users with Emoji autocomplete, get perfectly labeled transactions. If I try to pay my roommate for electricity, it asks me to use a series of emojis that represent "electricity bill." In this way, Venmo is getting users to remove the ambiguity in describing their transactions. Something like "electricity" could refer to say, a night club, but Venmo got me to accurately label it as a power bill.
- CSEThrowaway 8y agoI use the Cash app as well. And I can't really tell if your second paragraph is a joke or not!
- chickenfries 8y agoI think it's brilliant the same way that an evil genius is brilliant. Still evil though. And yes, that is actually what Venmo does if you try to type in "electricity bill"
- rco8786 8y agoIn mine it just gives me one option that is a money emoji with a “dollar dollar bill” caption.
- chickenfries 8y agoMaybe they’ve updated it since I last used it, but I suspect that “dollar dollar bill” is still a subtle tag that indicates that the transaction was a “bill” payment. I just checked and I still get four emoji: lightning bolt, plug, lightbulb, money with wings (those probably aren’t their proper names, I’m just guessing) with the text “electricbill”
- chrisco255 8y agoThe number of BS posts on Venmo and made up reasons for payments is quite staggering. It became more of a joke for most people I know. Most of them on my news feed are for "eggplant squirt" emoji or something similar.
- wedn3sday 8y agoEvery single one of my venmo transactions is labeled with a single eggplant.
- idunno246 8y agoBack when cash app supported email I used it because I’d much rather send an email and cc cash with a subject of “send $x”. Completely avoid the bs social stuff that i don’t really want
- jonknee 8y agoWhat good does "perfectly labeled transactions" do for Venmo? What do a couple of emoji so they know you're paying for electricity do differently than the memo field on a check did decades ago?
- lozaning 8y agoPresumably your bank wasnt aggregating all your check's memos to sell to some other adtech firm. The more accurate whoever is aggregating your data is, the more that data is worth. Also, no clue is venmo is actually doing that.
- jonknee 8y agoI guess my point is what adtech firm is going to be interested in a person who pays for electricity? Everyone does that. I pay for water too, but that's not going to help anyone sell me stuff.
- 394549 8y ago> I guess my point is what adtech firm is going to be interested in a person who pays for electricity? Everyone does that. I pay for water too, but that's not going to help anyone sell me stuff. If your electricity bill is big, they could bucket you into a group that's potentially interested in "energy efficient appliances."
- jonknee 8y agoOn the other hand if you're paying your bills with Venmo you're not in the demographic that buys appliances... If this is actually a valuable thing the winner is Visa/Mastercard, not Venmo. Venmo thinks you had a slice of pizza at some point because of an emoji, but Visa knows what pizza slice you had, when you ate it, how many other people went there that day, etc etc.
- chickenfries 8y agoI guess electric bill isn't a good example, but I can think of lots of other situations where you might reimburse someone else for a product or service that spends on programatic advertising: flights, hotels, concerts, and obviously, all sorts of food and beverages. That being said, personally, I'm bearish on programatic advertising.
- leetcrew 8y ago> In this way, Venmo is getting users to remove the ambiguity in describing their transactions. really? i'm pretty sure there are a predefined set of phrases that map directly to emojis. when they already recognize these phrases, replacing them with an emoji removes no ambiguity for venmo.