VENMO / PAYPAL

[BodeMiller1]

Has anyone had any good experiences with these (there not banks, maybe between crypto and a bank). or bad?

 

[heiusa]

PayPal has been around for many years, I use it a lot. I use it for online purchases, this way you don't give or store your credit card info on random websites, you store it on PayPal, and they send the money to the merchant. They also store and send your billing address and shipping address and forward to the online merchant. One feature I like is when I set up autopayments on websites, like Hulu, Netflix, etc. when my credit card gets hacked and I get a new number, I only have to fix it on PayPal, I don't need to go to multiple websites and fix it. PayPal is better for B to B money transfers, and Ebay transactions, PayPal provides protection for online transactions that go bad. I have a small business and we use PayPal to generate online invoices.

Venmo, which is owned by PayPal, is considered a cash app. I use it a lot to send money to my kids and friends. There is this weird social media component to it, you can see friends who use Venmo and who and why they are transferring cash. You can and should turn that off, I don't want people to know who i am sending money to.

You can send money through PayPal also, but PayPal but younger people seem to like Venmo over PayPal. There are other ways to send money, you can send via Facebook messenger, Apple iMessage, CashApp, Zelle. But in my friend group Venmo seems the most popular.

 

[BodeMiller1]

PayPal has been around for many years, I use it a lot. I use it for online purchases, this way you don't give or store your credit card info on random websites, you store it on PayPal, and they send the money to the merchant. They also store and send your billing address and shipping address and forward to the online merchant. One feature I like is when I set up autopayments on websites, like Hulu, Netflix, etc. when my credit card gets hacked and I get a new number, I only have to fix it on PayPal, I don't need to go to multiple websites and fix it. PayPal is better for B to B money transfers, and Ebay transactions, PayPal provides protection for online transactions that go bad. I have a small business and we use PayPal to generate online invoices.

Venmo, which is owned by PayPal, is considered a cash app. I use it a lot to send money to my kids and friends. There is this weird social media component to it, you can see friends who use Venmo and who and why they are transferring cash. You can and should turn that off, I don't want people to know who i am sending money to.

You can send money through PayPal also, but PayPal but younger people seem to like Venmo over PayPal. There are other ways to send money, you can send via Facebook messenger, Apple iMessage, CashApp, Zelle. But in my friend group Venmo seems the most popular.

I worked for a guy and was paid in VENMO. He always wanted me to tip him?

Thank you, well put. My concern is it's a tax dodge when you are paying wages. I asked for a 1099 and no.