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I have been using PayPal off and on since 2012 for 2 main reasons.
1 - Convenience, I didn't have to enter a credit card every time I purchased from a site other than usual trusted sites where I store my payment information, like Amazon, and sending payments to friends/family was simple.
2 - Peace of mind.
I recently found that the assumption of (2) was wrong, so I fired PayPal. I don't want to get into the details. Beyond being therapeutic, it won't really make life better moving forward.
That brings me to the question, since I have fired PayPal, I am sure that someone will want to send me, or more likely, have me send them money. Before I go out and research the providers on my own, I thought I would come here. What do Soylentils suggest for peer to peer payments?
(Score: 4, Informative) by tibman on Thursday December 01 2016, @06:01PM
Venmo works pretty well for me. You can send or receive money. Money received will pool until you cashout which seems pretty fast. Money paid will pull from your pool until it's empty and then pull from a linked bank account. I don't think it's even required to have a linked bank account if you want to just try it out. My friends and i do it for big dinners and stuff. One person pays the check and everyone else just venmo them back. Makes splitting the check so much easier.
Another way is a lot of banks offer similar services themselves now. My bank has a feature that let's you "quick pay" from one person to another. If the other person isn't a member then it'll have them create an account and link their external bank account (or something like that). It works but feels a lot clunkier than Venmo.
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(Score: 3, Touché) by Anonymous Coward on Thursday December 01 2016, @07:33PM
Venmo is owned by paypal
(Score: 3, Informative) by tibman on Thursday December 01 2016, @09:10PM
Hah, it's turtles all the way down? Braintree bought Venmo then Paypal bought Braintree.
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(Score: 3, Insightful) by Burz on Friday December 02 2016, @02:02AM
I think you mean it's "oligarchs all the way down". That's what a society with hugely unequal wealth means, everything becomes a sham for some huge corporate interest and most people are too poor to educate and organize against them.
(Score: 2) by e_armadillo on Thursday December 01 2016, @08:47PM
I'll check it out, thanks.
"How are we gonna get out of here?" ... "We'll dig our way out!" ... "No, no, dig UP stupid!"
(Score: 2) by e_armadillo on Thursday December 01 2016, @09:41PM
Just read other thread about Venmo being owned by PayPal. Doh!
"How are we gonna get out of here?" ... "We'll dig our way out!" ... "No, no, dig UP stupid!"