Oddbean new post about | logout
 Right. A friend sent me $25 on Venmo just this week. Most people I know use it. 
 And the fees guh 
 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. 
 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 
 And they have auto signed up any chase card or bank customer for "Paze" their new payment competitor to venmo