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Thanks to Venmo, We Now All Know How Cheap Our Friends Are

nytimes.com

131–140 of 387 posts

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#131

It is possible to make one’s ledger and contacts private, but many users overlook these options ... I'm sorry, what? The default is to make all of my transactions public? What the absolute living f---.

It should be noted that the dollar amounts are never shown to anybody except the individuals involved in the transaction.

When I scroll through my Venmo feed, all I see is "Mike paid Jen for pizza".

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#132
post #117
post #77

Young millennial male, every single person I know uses Venmo. IMO this article largely misses the point of the app. It's replaced cash/checks is all, it's not some huge social upheaval in the way we use money that needs to be analyzed. In my experience it's rarely used for splitting bills for dinner or picking up bar tabs (I can't remember the last time I went somewhere that wasn't able to split the bill on their end…

"every single person I know uses Venmo" How does that happen. I don't know a single person who uses Venmo. Not one. I know a lot of people and I work in Tech.

It's really good for situations where you have large groups of people that all need to informally pay a small amount of money. If you've ever organized an event like this (like say...a college party), you know how annoying it is to chase down crumpled $1 bills from people. Venmo handily solves the problem so I'm sure that's why it caught on among this demo so quickly.

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#133
post #100
post #16

Earlier quoted context omitted.

Yeah, I second that it removes friction. I hate the "lets split the bill evenly"-approach. It makes me feel like I leech of others if I want something expensive, and the other way around if I'm not very hungry but have to pay for everybody else having three courses.

Can't you just get your own bill then? I feel like so many people make this to be way more of a deal than it needs to be.

Because the act of getting your own bill is a statement. It's no secret that you're doing it because Ted always adds a lobster tail to his steak. Or that you're doing it because you're going to order a water, no appatizers, and the Ruben because money is tight. Once you're outside of specific circles 'being broke' stops being a shared experience and it affects how people view you.

The only time you might be able to get away with it is because you're going to order the 24oz sirloin and don't want to put that on other people. But that's a statement in a different direction and could come off as elitest or insulting.

Pay for what you order lessens this awkwardness.

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#134

Earlier quoted context omitted.

It does. (European, lived 8 years in the US in 2 installments of 4 years each).

In what way? Is small, easy P2P payments a solved problem in Europe?

Bank transfer. No fees, fast enough (at least inside a country next business day, I think internationally it's allowed to be a bit slower?), if you want to do it mobile there are enough banks that have apps.

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#135
post #101

Earlier quoted context omitted.

Weird. Perfectly normal for any groups I've ever eaten with. Easy to ask the server to split the bill.

>Perfectly normal for any groups I've ever eaten with. Easy to ask the server to split the bill. Try that with a group of 8-12 people, especially if they all want to be charged different amounts. Some places will do it, but many wont. A lot easier for one person to pay, and others to pay them back with cash (or one of the million free payment apps like Venmo).

Where does this happen? If they want their money, they will split it and do what they have to do.

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#136

I don't use this app and this article kind of explains why. If I go to dinner with friends, or anything, I'd rather pick up the check than worry about splitting it. The next time, they'll pickup the tab, and so forth. That's what friends do. I don't know if I'd want to go out with someone who is going to bill me for it later, or wants to use an app to split things up. For me it just makes things superficial, awkward,…

Ever been a college student?

"Separate checks, please."

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#137
A few friends and I had dinner together every Wednesday at Tied House. I made a website to split the bill and track debt, so that every week whoever owed the most money to everyone paid the bill. The levels of debt stayed pretty low.

https://github.com/AustinWise/DinnerKillPoints/

The heart of the system is a bill splitter:

https://github.com/AustinWise/DinnerKillPoints/blob/db54eec9...

And some simple graph algorithms to analyze the debt-graph and render the results with GraphViz:

https://github.com/AustinWise/DinnerKillPoints/blob/db54eec9...

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#138
Splitting the check used to be a ridiculous exercise of handing the wait staff a deck of plastic with instructions like '20 more on the blue card'. So now one person can bear the costs and charge everyone at the end of the evening. This is marginally better, ideally you could just 'venmo' the venue directly but this would upset the mediocrity of US banking infra and the card monopolies.

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#139
Ha, such a non-issue to us petty bean counting Germans, we always split the bill and it's only a problem like once a year with particularly stubborn wait staff.

Yes, maybe I'm generalizing a bit too much, but you're usually asked if the bill will be split if you're obviously looking like a couple. I'm leaning towards preferring that way. I've no problems buying friends a beer or two, but a) I don't want to be overthinking what I am gonna eat and drink if the bill will be split evenly (like in other countries) and b) sometimes there's really people I don't want to subsidize (e.g. coworkers instead of friends).

Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are

#140

One friend of mine will regularly pay for group dinners or events and Venmo each person their share. He does this so he can get rewards/points on his card.

I do this too. I use my credit card for everything but my SO only uses it for big/online purchases so I love splitting things with her. Double the cash back!
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