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Transferring those bits with just the right logic for each transaction scenario is what still costs something. I'm sure the margin is massively excessive today.
by abstractbarista 6y ago
Transferring those bits with just the right logic for each transaction scenario is what still costs something. I'm sure the margin is massively excessive today. But I don't think it can be quite 'effectively free'.
- Waterluvian 6y agoDebit e-transfers in Canada are free (and have been around a long time). It makes the Venmo thing a real head scratcher.
- mcpherrinm 6y agoThey're only free in certain circumstances: personal transfers, and only for some bank accounts. It wasn't that long ago that all e-transfers cost $1, which makes them pretty impractical for giving a few bucks to a friend to split a pizza or whatever. Venmo's been around longer than free e-transfers.
- wolco2 6y agoI pay for each etransfer what bank are you with?
- Waterluvian 6y agoReally? I thought it was universally free. Simplii, TD, Scotiabank.