3 ms·
>That being said, Zelle is scary how it seems more fraud and scammy than paypal and Venmo. And I didn’t think that was possible. It’s like the banks didn’t test
by tsol 5y ago
>That being said, Zelle is scary how it seems more fraud and scammy than paypal and Venmo. And I didn’t think that was possible. It’s like the banks didn’t test this for fraud and scams and they don’t seem to care enough to adjust the UX to reduce this risk.
How so? I like the easy of Zelle, but much like cash it's true you can hand money over to just about anyone. To me, though, it's a 'freedom comes at a price' sort of thing. I'm not sure how they could go about making Zelle less 'scammy' tbh
- prepend 5y agoIn that you can register a phone number without any confirmation. So the security of Steam is stronger than signing up to receive money on Zelle. Same for Venmo and PayPal. I can’t add a phone number or email to PayPal without confirming it. It seems odd to receive funds without verifying my contact info. Also, seems like there should be some age issues for the amount. The fact that I can open an accounts, scam $500, and shut it down very quickly is bad. My bank doesn’t let me deposit checks over a certain amount before checking my credit and having an account for a while. Seems Zelle should be as hard as a normal checking account.