Re:Thanks to Venmo, We Now All Know How Cheap Our Friends Are
by schrodinger on Sunday July 23, 2017 @05:54PM
(#14834618)
Be careful, they technically don't allow commercial transactions and will freeze your account (and reverse transactions) if they catch you. I got a stern warning after selling something on Craigslist and accepting payment via venmo, they must have figured it out by the note and lack of network of friends with the buyer.
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Re:Thanks to Venmo, We Now All Know How Cheap Our Friends Are
by fossuser on Sunday July 23, 2017 @06:04PM
(#14834661)
That's a bad idea because you're likely to get scammed: http://www.slate.com/articles/business/moneybox/2015/09/venm...
Basically if you're doing a transaction with an untrusted person the time it takes for things to clear means you can be taken advantage of.
Re:Thanks to Venmo, We Now All Know How Cheap Our Friends Are
by AstralStorm on Monday July 24, 2017 @04:54AM
(#14836857)
It is not about scams, but lost earnings from PayPal services which are expensive for a wire transfer.
Venmo has a similar dispute system and you can often bounce on credit card too.
Re:Thanks to Venmo, We Now All Know How Cheap Our Friends Are
by skinnymuch on Monday July 24, 2017 @12:49AM
(#14835952)
I've heard getting scammed by people you don't know (I guess people you know too) is really easy on Venmo. Especially in cases like CL. Be careful.