Venmo

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  • #597014

    YW Moderator-42
    Moderator

    Has anyone here used it? What do you think of it? How do they make money?

    #768640

    ☕ DaasYochid ☕
    Participant

    I haven’t used it, but I looked at their site. They claim they plan on making money by charging a transaction fee to businesses, but will keep personal transactions free. There’s a two week waiting period until you get your money, so they make money on interest, although it says that they are not trying to make money on the float (whatever that means – if they weren’t trying to make money, they would send it immediately!).

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