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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.
Quoted from DakotaMike: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.
Someone could fake a payment notification email or text if one would be inclined to fall for that, but they can’t fake $ in your account. Check your balance, if it’s there it’s as good as cash.
I do understand why people lump all online payment services together, but Venmo is not comparable to PayPal in any way other than being web-based and having the same parent company.
Quoted from chuckwurt:Or use Zelle
Can you elaborate on that at all? If there is a real reason to avoid Zelle (or Venmo) I would definitely like to know.
Quoted from chuckwurt:Read this thread. It’s been discussed. Zelle is just like a bank wire. Venmo is almost just as hard to reverse.
Sorry, I misread completely…I thought you were saying don’t use Zelle (I lumped that statement in with your prior statement about not giving info out).
Quoted from TheFamilyArcade:What’s in it for Zelle? How do they make $?
I’d guess it’s like so much else these days, give it away until it’s become commonplace, then monetize.
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Valley, NE