Oddbean new post about | logout
▲ ▼
mhodl | 4 months ago (raw) | root | parent | reply | flag 
 Normies love Venmo
▲ ▼
CitizenPleb | 4 months ago (raw) | root | parent | reply | flag +1 
 Hard. And there’s no sign of them quitting.
▲ ▼
Derek Ross | 4 months ago (raw) | root | parent | reply | flag +1 
 Right. A friend sent me $25 on Venmo just this week. Most people I know use it.
▲ ▼
Feels Guy | 4 months ago (raw) | root | parent | reply | flag 
 And the fees guh
▲ ▼
Derek Ross | 4 months ago (raw) | root | parent | reply | flag +1 
 Fees are only for instant withdrawals. This just reminded me to withdrawal to my bank. It will be there on Monday, with zero fees. Lightning fixes this.
▲ ▼
Feels Guy | 4 months ago (raw) | root | parent | reply | flag 
 Well my venmo, when I had it, was tied not to a bank account but to a chase card. Chase attacks venmo xfers with a fee and interest AND a lifetime xfer limit  of about 2k
▲ ▼
Feels Guy | 4 months ago (raw) | root | parent | reply | flag 
 And they have auto signed up any chase card or bank customer for "Paze" their new payment competitor to venmo