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The disadvantage with Venmo is you have to carry a Venmo balance and cash out. Square sends straight from card to card. Sort of related, the onboarding with Sq
by jvm 12y ago
The disadvantage with Venmo is you have to carry a Venmo balance and cash out. Square sends straight from card to card.
Sort of related, the onboarding with Square Cash is easy enough (no bank account numbers needed) that I feel less bad sending to someone who doesn't already have it than I would with Venmo.
- cristinacordova 12y agoYou actually don't need to carry a balance with Venmo to send funds to a friend. If you have a balance of $0, you can send funds and Venmo will pull the funds from your bank account.
- jvm 12y agoBut you do carry a balance to receive funds, until you cash out. With Square you receive funds directly into your bank account via your debit card.