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Venmo, at least, is absolutely concerned about it. The app really tries to get you to flag payments as "business" any time you're paying someone.
by ketzo 5y ago
Venmo, at least, is absolutely concerned about it. The app really tries to get you to flag payments as "business" any time you're paying someone.
- voakbasda 5y agoIf you pay someone as a business, they eat the transaction fees. If they have you pay as a “friend”, then the customer pays additional fees, increasing the total cost of the transaction. Any business doing that is breaking the terms of use. I can imagine it only a matter of time until they start suspending customer accounts for not flagging such transactions.