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I think Venmo has a limit on how much you can transfer in a day
by reidjs 5y ago
I think Venmo has a limit on how much you can transfer in a day
- rootusrootus 5y agoThat is a good point. It looks like they have a $4999.99 limit in any seven day period [0]. That is also the single-transaction limit (though there are some variations if you are doing transactions with a merchant and not another private individual). Zelle has higher limits (over seven days, at least), but more of them. $3500 in a day, $10000 in a seven day period, or $20000 in a 30 day period [1]. So for certain high-dollar cash-equivalent transactions, these might not be the best choice. Though personally I think I'd probably end up using something more formal if I were transferring that kind of cash in a single private party transaction. [0] https://help.venmo.com/hc/en-us/articles/221010968 https://help.venmo.com/hc/en-us/articles/221010968 [1] https://www.bankofamerica.com/online-banking/zelle-transfer-limits/ https://www.bankofamerica.com/online-banking/zelle-transfer-...
- unemphysbro 5y agoThat was the reason, both cases the bikes were $7&9k and I had some surplus crypto :). Both sellers were happy accepting crypto. Otherwise, I stick to the traditional cash-in-hand.