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‘The next recession starts here’: Trump team weighs abolishing bank regulators
(www.commondreams.org)
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this post was submitted on 13 Dec 2024
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politics
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Places like cash app and venmo... where you can have predation turned up to 11.
Exactly. Maybe that's the cui bono here - some asshole in donvict's circle stands to gain a lot of money. I hate the overuse of those apps, by the way. People always telling me to venmo them. I often try to just hand them cash. I hate having some middle man take 3% just to move some bits; absurd.
Uhh, you can use Venmo without losing money. It only costs extra if you use the instant withdrawal functionality. Just wait the 2-3 days to get your money.
That said, I'd rather get cash as well. I don't like Venmo but sometimes it's the much easier way. Such as when people live in other states.
How do you move money in and out of Venmo without any fees? I get a 3% fee if I transfer from credit card. I see you can deposit a check and pay 1%.
I just transfer from/to a bank account. That's free.
The way you're doing it is basically having them spot you the money until your payment clears. There is a risk, and they charge for that.
Why put it on some other place that can steal your money with no repercussions?
Because people do it already.