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Zelle is basically a bank-wire transfer. It's literally done through a bank and goes directly to your bank account. It's not the same as Venmo or PayPal at all, and can't be reversed.
Zelle is safe, it's just new and people aren't familiar with it.
Quoted from chuckwurt:Good to know! Any pesky amount limits?
Not sure, I know there's a 1000 dollar limit initially. Until the sender has an est. history. You opt in to Zelle through your participating bank. Which nearly all are Zelle partners now.
Quoted from jitneystand1:Unless something has changed, Venmo is not reversible regardless of the buyers original payment method (even if they used credit card to fund it). Venmo is literally cash on the glass, in a virtual form of course.
Those scared of Venmo and Zelle got that way due to very real horror stories of PayPal, which is not the same thing AT ALL.
Don't remember the details, but Vid came up with a horror-story scenario where a Venmo payment "could" be faked in extreme cases. Not sure how realistic it was. Buy the general impression is that it's safer than PayPal, but a notch below wire transfer.
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Clermont, FL