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I'm reminded of their existence when visiting Canada / US. Their continued existence is baffling.

by robert_foss 7y ago

non-entity 7y ago
My (soon to be) former apartment complex only accepted checks or money orders for rent payments
- 5555624 7y ago
  My last apartment complex was the same way. They looked at allowing people to pay electronically; but, that would mean passing on the credit card charge to residents. The first apartment complex I lived in, which allowed you to pay by credit card, charged 3.3% to do so. If I save $40 by writing a check, I'll write a check.
scurvy 7y ago
Housekeepers and babysitters like to be paid in cash. Sometimes it's more than we have on hand, so we write a check. I've pleaded with my housekeeper to accept CashApp or Venmo, but he refuses. He wants a check. He's, perhaps rightfully, distrusting of new payment tech. Babysitters are 50/50 on Venmo.
- Gunax 7y ago
  Isn't venmo just ACH underneath?
  - scurvy 7y ago
    Only when you take it out of their ecosystem. Otherwise you can send the balance to other Venmo users. There's also a debit card linked to the balance, like Square's Cash App and card. So you can spend the balance that way, too (assuming the merchant takes cards).
- astura 7y ago
  I was always under the impression that it was against the TOS to use Venmo for business transactions. Looks like I was right unless there's some sort of separate business account https://help.venmo.com/hc/en-us/articles/217532097-Can-I-use-Venmo-to-buy-or-sell-merchandise-goods-or-services- https://help.venmo.com/hc/en-us/articles/217532097-Can-I-use... >Venmo may NOT otherwise be used to receive business, commercial or merchant transactions, meaning you CANNOT use Venmo to accept payment from (or send payment to) another user for a good or service.
  - scurvy 7y ago
    Then about 99% of the transactions on their platform are in violation of their own ToS. If someone pays for a joint meal, then you venmo your half, you're paying for a good or service. I'm guessing they have that in there to try and get around some KYC or due diligence requirements? Or is this another Paypal-style tactic so they can shutdown people's accounts for ToS violations and confiscate their monies? Yes, that's probably it.

I'm reminded of their existence when visiting Canada / US. Their continued existence is baffling.

non-entity 7y ago

My (soon to be) former apartment complex only accepted checks or money orders for rent payments

5555624 7y ago
My last apartment complex was the same way. They looked at allowing people to pay electronically; but, that would mean passing on the credit card charge to residents. The first apartment complex I lived in, which allowed you to pay by credit card, charged 3.3% to do so. If I save $40 by writing a check, I'll write a check.

scurvy 7y ago

Housekeepers and babysitters like to be paid in cash. Sometimes it's more than we have on hand, so we write a check. I've pleaded with my housekeeper to accept CashApp or Venmo, but he refuses. He wants a check. He's, perhaps rightfully, distrusting of new payment tech. Babysitters are 50/50 on Venmo.

Gunax 7y ago
Isn't venmo just ACH underneath?
- scurvy 7y ago
  Only when you take it out of their ecosystem. Otherwise you can send the balance to other Venmo users. There's also a debit card linked to the balance, like Square's Cash App and card. So you can spend the balance that way, too (assuming the merchant takes cards).
astura 7y ago
I was always under the impression that it was against the TOS to use Venmo for business transactions. Looks like I was right unless there's some sort of separate business account https://help.venmo.com/hc/en-us/articles/217532097-Can-I-use-Venmo-to-buy-or-sell-merchandise-goods-or-services- https://help.venmo.com/hc/en-us/articles/217532097-Can-I-use... >Venmo may NOT otherwise be used to receive business, commercial or merchant transactions, meaning you CANNOT use Venmo to accept payment from (or send payment to) another user for a good or service.
- scurvy 7y ago
  Then about 99% of the transactions on their platform are in violation of their own ToS. If someone pays for a joint meal, then you venmo your half, you're paying for a good or service. I'm guessing they have that in there to try and get around some KYC or due diligence requirements? Or is this another Paypal-style tactic so they can shutdown people's accounts for ToS violations and confiscate their monies? Yes, that's probably it.