You have to have a Venmo account to exchange money with another Venmo user. You can't send from Zelle to Venmo or vice versa.
If I'm going to be your landlady , you're going to need some kind of online payment account. I'll work with you (venmo, zelle, or cash app), but I really don't want to deal with checks.
Once you have the Venmo account, you link your bank account/credit card to your Venmo account. When you pay your rent, Venmo takes the money out of your bank account and sends it to my Venmo account. But I have no way of seeing what bank the money is coming from or how much more money you have. I just get a ka-ching cash register sound and an announcement that xxx has paid me $xxx.
If you want to set up an account and try it, I'm happy to exchange a dollar with you so you can observe the process. I'll PM you my Venmo ID.
You can create a Venmo account on your desktop computer, but you can only send/request payments from your phone (which kind of annoys me).
Another benefit of Venmo is that some of your friends won't change their privacy settings and you can see what they're up to by reviewing their Venmo activity log.
how has venmo gotten away with leaving their default privacy settings to public? do people really not give a crap about their privacy anymore?
Your first sentence answers the question I’ve been asking. In order to transfer $$$ to someone we both have to have accts at the same tranfer comp. I can’t use my zelle acct to pay you because you have venmo.
Thanks for your offer re: demo mechanics of a real transaction. I don’t think I’ll need this for some time.
how has venmo gotten away with leaving their default privacy settings to public? do people really not give a crap about their privacy anymore?
Part of what Venmo is, is a social app. I have privacy set to private, but most of my friends on Venmo don't. I have to assume it's deliberate, as Venmo gives you the option every time you transfer to change that.
Your first sentence answers the question I’ve been asking. In order to transfer $$$ to someone we both have to have accts at the same tranfer comp. I can’t use my zelle acct to pay you because you have venmo.
Thanks for your offer re: demo mechanics of a real transaction. I don’t think I’ll need this for some time.
Everyone else thanks for your time and help.
Quite simply, every app needs someone with that app at the end. If you don't have Paypal, I can't Paypal you. If you don't have Zelle, I can't send money to your Zelle account. If you don't have a login for MOL, I can't message you on MOL. If you don't have a bank account, I can't wire money to your bank.
Apollo, you needn't over-think the issue of two parties having Zelle or Venmo. Pretty much everyone under 75 with a mobile device and a bank account uses at least one of them. But if you are worried, then why not have them all at your fingertips? I do!
Zelle: Do you bank at a major bank, like Chase or Wells Fargo, PNC? If you do, then you already have Zelle as does everyone else. Zelle is what most banks use, and so it's already there, just waiting for you to set it through your bank's website or app. It's a fairly easy setup the first time, but you have to add people to receive the money, and you'll have to if they have set up Zelle on their end with a cell phone number or an email, so they get notified when money comes in. (Zelle does not access your contacts--you have to input them--in contrast with the apps.)
Venmo: it's is just an app that you link to your bank--though like with CashApp, you can "keep" a balance in it w/out it going into your bank which I have found handy a couple of times.
CashApp I think it is the least likely to charge you something?
Venmo and CashApp both offer Visa Debit cards to access your stashed funds in a more traditional way.
I have Venmo, Zelle and PayPal, and all allow free transactions with friends, but I find Venmo easiest and most widely used by my friends and acquaintances. But, yes, the default privacy setting is NOT private so you want to change that! Why would anyone want a third party to know about a payment they make or receive?
although i only used it once years ago, Chase had a direct pay service, check with your bank.....but if you only want it applied to your credit card, not directly to a bank account, that wouldn't be viable
That's run via Zelle these days, as is Bank of America's direct pay and probably many others.
PayPal (and possibly Venmo, I'm not sure) allow Credit Card payment but there is a charge. Direct payment from bank account to friends (not businesses) is free.
I sometimes use Zelle through B of A, and also use PayPal, when I want a more formal record and some accountability for online payment requests and receipts. As Ridski said, it is sometimes possible for others to see payments in Venmo. Another risk is that once payments are made through Zelle and Venmo, they are final transactions, and the bank or service has no responsibility to retrieve the money (although they might do so in some circumstances). So, if you send money to hackers or through a typo in Zelle or Venmo, it's finalized instantly. If you don't like something you bought, you don't have the leverage of your credit card company or even PayPal to pressure a seller to refund the item. It's necessary to be careful with such services.
Another benefit of Venmo is that some of your friends won't change their privacy settings and you can see what they're up to by reviewing their Venmo activity log.
This is especially helpful to monitor what teenage offspring are doing.
As Ridski said, it is sometimes possible for others to see payments in Venmo.
Users can prevent this, but it is a privacy setting and the default is for the payments to be visible to others you are connected with on Venmo or perhaps all users. I'm no longer sure since I changed it in my account to only be visible to the payer and payee of each transaction. So you have to take action to prevent it for your own Venmo account.
I'm not sure why anyone would want anyone else to see their monetary transactions (with Venmo), but my millennial friends seem to use these, and the comments, in the same way they would for any social media. I mean I don't need to know that my friend's dad gives him money for the phone bill every month. It's weird. Turn those off!
Then again, I'm not a millennial. I was 21 before I discovered the internet, these guys have had it since they were 10 or younger, and my privacy concerns have been going on since I had a CB radio in 1981.
I'm not sure why anyone would want anyone else to see their monetary transactions (with Venmo), but my millennial friends seem to use these, and the comments, in the same way they would for any social media. I mean I don't need to know that my friend's dad gives him money for the phone bill every month. It's weird. Turn those off!
Then again, I'm not a millennial. I was 21 before I discovered the internet, these guys have had it since they were 10 or younger, and my privacy concerns have been going on since I had a CB radio in 1981.
I'm not sure they realize that everyone can see those.
I'm not sure why anyone would want anyone else to see their monetary transactions (with Venmo), but my millennial friends seem to use these, and the comments, in the same way they would for any social media. I mean I don't need to know that my friend's dad gives him money for the phone bill every month. It's weird. Turn those off!
Then again, I'm not a millennial. I was 21 before I discovered the internet, these guys have had it since they were 10 or younger, and my privacy concerns have been going on since I had a CB radio in 1981.
I'm not sure they realize that everyone can see those.
I'm not sure why anyone would want anyone else to see their monetary transactions (with Venmo), but my millennial friends seem to use these, and the comments, in the same way they would for any social media. I mean I don't need to know that my friend's dad gives him money for the phone bill every month. It's weird. Turn those off!
Then again, I'm not a millennial. I was 21 before I discovered the internet, these guys have had it since they were 10 or younger, and my privacy concerns have been going on since I had a CB radio in 1981.
I'm not sure they realize that everyone can see those.
I think they don't care.
I think it is some of both. How would you even know that other people are seeing your transactions unless someone tells you? You expect to see your own but that doesn't make you realize who else is seeing them. And I suspect that if teens knew their parents were seeing them, they would take action. I know that when I first got on Facebook my then-teen worked very hard to block me from seeing her posts.
You have to have a Venmo account to exchange money with another Venmo user. You can't send from Zelle to Venmo or vice versa.
If I'm going to be your landlady
, you're going to need some kind of online payment account. I'll work with you (venmo, zelle, or cash app), but I really don't want to deal with checks.
Once you have the Venmo account, you link your bank account/credit card to your Venmo account. When you pay your rent, Venmo takes the money out of your bank account and sends it to my Venmo account. But I have no way of seeing what bank the money is coming from or how much more money you have. I just get a ka-ching cash register sound and an announcement that xxx has paid me $xxx.
If you want to set up an account and try it, I'm happy to exchange a dollar with you so you can observe the process. I'll PM you my Venmo ID.
You can create a Venmo account on your desktop computer, but you can only send/request payments from your phone (which kind of annoys me).