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Does anybody know how Venmo and now FB can send/wire between debit cards for free? What happens to the % Visa/Mastercard demand? Is something like this coming f
by pbz 12y ago
Does anybody know how Venmo and now FB can send/wire between debit cards for free? What happens to the % Visa/Mastercard demand? Is something like this coming for Stripe?
- taterbase 12y agoVenmo uses actual ACH transactions which are free, it's like writing a check but there is a delay. FB, Snapchat, and others are likely eating the cost of the debit card "swipe" in hopes of garnering users.
- pbz 12y agoDo they somehow find the ACH info (bank account) from the debit card?