5 ms·
I know the guys that make it, and they're solid. Check it out: http://venmo.com http://venmo.com It has been done before, but it hasn't caught on yet in the US
by ivankirigin 17y ago
I know the guys that make it, and they're solid. Check it out: http://venmo.com http://venmo.com
It has been done before, but it hasn't caught on yet in the US. I'm not sure why. It does fine elsewhere - but the configuration is usually through the carrier.
- andreyf 17y agoI'm not sure why. This isn't US-specific, but according to the PayPal interview in Founders at Work, the problem is fraud.
- ivankirigin 17y agoWell, I would trust a notification of a text message than a submission of a form from a potentially phished account. Then the issue is stolen cards, and ramp-up of merchants and payers is a good way to limit risk. I think this is a user issue. People don't currently pay with there phones. There are a bunch of options for it.
- ivey 17y agoStolen cards is a huge issue. I actually think being a smaller "Penn students and surrounding businesses" type of play would make it easier...there's less incentive for the online-only stolen card gangs to take over.
- covercash 17y agoEven PayPal has PayPal Mobile: http://www.crunchbase.com/product/paypal-mobile http://www.crunchbase.com/product/paypal-mobile Venmo has been getting quite a bit of buzz lately in my circles so I'm sure they're on PayPal's radar.