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A comment on Venmo forces binding arbitration unless you opt out by mail before June 22.

Re:Venmo forces binding arbitration unless you opt out by ma... by joshenders on Friday April 22, 2022 @04:12AM (#31119348)
I have an easier way to mitigate this:

1. In the Venmo app, go to the You tab by selecting the single person icon 2. Tap the Settings gear in the top right 3. Select “Account” under “Preferences” 4. Tap “Close Venmo Account”

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Re:Venmo forces binding arbitration unless you opt out by ma... by toomuchtodo on Friday April 22, 2022 @10:08AM (#31121715)
Right? Get a deposit account at a real bank that supports Zelle. You can accept both P2P and business payments. Stop using this turd of a service.
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Re:Venmo forces binding arbitration unless you opt out by ma... by zootboy on Saturday April 23, 2022 @12:31AM (#31131411)
Zelle is a turd of a service, too. If your bank doesn't have it integrated, then the only way to accept a payment sent to you through Zelle is to sign up through an app. No website signups allowed.

https://www.zellepay.com/faq/someone-sent-me-money-zelle-how...

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Re:Venmo forces binding arbitration unless you opt out by ma... by toomuchtodo on Saturday April 23, 2022 @09:30AM (#31134093)
Only if you’re at some no name bank or credit union. Even Charles Schwab supports Zelle.

https://www.zellepay.com/get-started

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Re:Venmo forces binding arbitration unless you opt out by ma... by edisondotme on Saturday April 23, 2022 @11:35AM (#31135145)
Better yet, use Monero! This is such a good use-case for cryptocurrency!
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Re:Venmo forces binding arbitration unless you opt out by ma... by nijave on Friday April 22, 2022 @06:15PM (#31128892)
Except Zelle and a lot of banks also have forced arbitration clauses...

Section 26 https://www.zellepay.com/legal/user-service-agreement

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Re:Venmo forces binding arbitration unless you opt out by ma... by toomuchtodo on Friday April 22, 2022 @06:25PM (#31128976)
Importantly, banks and deposit accounts fall under financial regulatory requirements, FDIC, OCC, and whatnot. You have more recourse with a deposit account vs a PaypalVenmo account, full stop.

https://twitter.com/patio11/status/1500993875627761666 (patio11 on Zelle and Reg E, for example)

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