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That makes sense. Where I live, restaurants will offer to split your bill without even being asked. So this use case didn't really occur to me. Where I see it
by boring_twenties 6y ago
That makes sense. Where I live, restaurants will offer to split your bill without even being asked. So this use case didn't really occur to me.
Where I see it being used is for simple A->B transactions. E.g., items for sale in local classified ads. (I had one seller who didn't even want to take cash, Venmo only!) Or simply paying back $100 you borrowed from your friend the other night.
In such cases it seems to just be a pain in the ass.
- NikolaeVarius 6y agoNothing you've pointed out is a reason to not use Venmo 1. Okay? I use venmo on my phone since there nothing that is lost from not using desktop. There are 3 buttons and a keypad to use. what else do I want? 2. That limit is probably only for brand new accounts. I started paying rent using Venmo, which initial amount FAR exceeded the total amount I've ever spent through venmo in total. 3. I'm able to ignore it and it doesn't matter. Who the hell cares. 4. I solve this by not adding friends.
- renewiltord 6y agoThe low transaction limit is likely an anti-fraud device. I am able to transfer much larger amounts than that on Venmo. I don't know how they handle KYC for this stuff. I don't recall filling in many details.
- boring_twenties 6y agoThe thing is that it let me send the whole $250 in three transactions, immediately after each other. So if it's an anti-fraud device it's a questionable one at very best.