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In the US, there is also a "pay a person" scheme, where you only need to know someone's phone number or email to send them money.
by EVa5I7bHFq9mnYK 2y ago
In the US, there is also a "pay a person" scheme, where you only need to know someone's phone number or email to send them money.
- deleted 2y ago[deleted]
- jeremyjacob 2y agoAre you referring to Zelle? I think the issue for users that keeps them on services like Venmo is primarily the UX. The Zelle experience varies depending on the customer’s bank. It’s a service run by and between the banks, who are generally not as user experience-focused as tech companies. One example of this is that there is no feedback when sending money to a phone number that is not on the platform. The funds just go into the void and are returned a couple days later. By contrast, Venmo lets the payer verify the payee with their profile picture, username, and phone number.
- EVa5I7bHFq9mnYK 2y agoNo, not zelle. Pay a Person service is popular with credit unions and some banks. Receiver gets a message and inputs his bank account information into a form. Sender never sees that information. After the link has been established, subsequent transfers are just one click.