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 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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