Any of you using apps for payments ?

[fastfredracing]

I have had quite a few people ask me recently if I accepted Zelle, or Venmo.
Wifey just signed up to use venmo today . I have not had a chance to look over the details yet .
Any Gotcha's?

[freeform911]

We use venmo...no fees to send or receive money..
Get your money 1-3 days...
Very convenient...

[freeform911]

I know you have a business...if you do it through your business it cost about 3% for you...

I use it for my business but use it very little to receive payments...

[jcommin]

I Zelled money to my youngest son when he was in college. We use the same bank - the and money transferred was instantaneous. He on occasions actually pays me back.

I have used Venmo too. As stated it takes a couple of days but I have had no issues.

Paypal is another way to send/receive money.

[stomachmonkey]

Originally Posted by fastfredracing

I have had quite a few people ask me recently if I accepted Zelle, or Venmo.
Wifey just signed up to use venmo today . I have not had a chance to look over the details yet .
Any Gotcha's?

I use a bunch.

Zelle can be a pain in the ass sometimes.

Venmo is solid.

If you have Apple devices don't discount Apple Pay.

I use it for my kids math tutor.

You can even use siri for it, "Hey siri, Apple Pay Doug $50" done.

[Shaun @ Tru6]

That vast majority of my sales are through Paypal. Have also used Venmo for personal purchases.

[Bob Kontak]

Originally Posted by stomachmonkey

You can even use siri for it, "Hey siri, Apple Pay Doug $50" done.

I use Zelle for bank transfers to and from my kids and we all use the same bank

Apple Pay for payments from customers as well as Cash App.

[Noah930]

Venmo is hysterical, because you can see all your friends' business. Just scroll through and see how your nephew paid someone for a haircut. Your neighbor paid someone for dog grooming. Etc. I told my wife if I used Venmo, I would start listing socially embarrassing reasons: herpes treatment, butt cream, fungal growth removal, sex, etc.

But I find Venmo a bit troublesome because Mrs. Noah will start Venmo-ing people, and when I try to balance the checkbook it's a mess. The transaction on the Venmo app may show who and why. But in my bank account it's just a transaction number and an amount...which comes through a few days after Mrs. Noah requested the transaction. So when she makes too many transactions simultaneously for amounts she may or may not remember (and look the same), I have no idea where the money's actually going. Grrr.

[Eric Coffey]

+1 for Zelle. Quick (instant), easy, and free. Most large/reputable banks now offer it via their websites/apps. I avoid PayPal and Venmo (a PayPal company) like the plague.

[group911@aol.co]

Zelle is instant and free. So far

[Noah930]

Mrs Noah has used Zelle as well, and I'm happier with how it shows up on my bank statements. Much easier to do the financial forensics with that app.

[93nav]

I don't use any payment apps other than Paypal. Is there any way to contest a payment with Venno? Any fraud protection? I know when it started there was not.

[Porsche-O-Phile]

Zelle is garbage - the limit of $1k makes it useless for anything that I’m going to bother doing a transfer for anyway. Venmo is a lot better IMO so I’ve gone over to that for things I don’t want to get CC cos involved in or pay wire fees on.

[Geronimo '74]

Originally Posted by Noah930

Venmo is hysterical, because you can see all your friends' business. Just scroll through and see how your nephew paid someone for a haircut. Your neighbor paid someone for dog grooming. rrr.

How is that even legal, privacy-wise?
I can't imagine using an app that does this.

[group911@aol.co]

Originally Posted by Porsche-O-Phile

Zelle is garbage - the limit of $1k makes it useless for anything that I’m going to bother doing a transfer for anyway. Venmo is a lot better IMO so I’ve gone over to that for things I don’t want to get CC cos involved in or pay wire fees on.

Not sure how Zelle figures out the limit but I regularly receive amounts above $1k but had them balk at $5k on a first time transaction.
I get the same thing from Venmo.

[masraum]

I've used Zelle several times through my CU for family and to pay for services.

[Eric Coffey]

Originally Posted by Porsche-O-Phile

Zelle is garbage - the limit of $1k makes it useless for anything that I’m going to bother doing a transfer for anyway. Venmo is a lot better IMO so I’ve gone over to that for things I don’t want to get CC cos involved in or pay wire fees on.

Not sure what your specific issue is, but I've sent well over $5k via Zelle, several times. It might have something to do with the method of sign-up and/or the affiliate bank you are using them through. I use Zelle via Chase Bank biz account, and never have any issues with limits.

[MBAtarga]

If you didn't know already - you might WANT to know whom owns it.
So if you have concerns about paypal - you might want to know....

Who bought venmo?
In 2012, the company was acquired by Braintree for $26.2 million. In December 2013, PayPal acquired Braintree for $800 million. Prior to October 2015, Venmo prohibited merchants from accepting Venmo payments.

[Eric Coffey]

^^^ See post #9.

[wildthing]

PayPal... I'm not going to sign up for a new thing if this old thing works. I use it to pay my kid's art teacher. Charges my CC for extra protection.