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

Post by aianus » Sun, Jul 23, 2017, 9:17 PM UTC

Feld0 wrote: post #168

grimgrin wrote: post #111

Earlier quoted context omitted.

Would you not consider PayPal one of these things? Definitely Square Cash. What's an example of local banking infrastructure that helps alleviate the problem of needing to pay people money with ease? I'm not even sure how it works on my Huntington mobile app. I know I could do it fairly painlessly with Simple bank. Except it's really only easy if they're a Simple user I think. Otherwise I'll need to get their physica…

In Canada, we have a debit card network called Interac and can use it to send an "e-Transfer" to anyone else with a Canadian bank account using nothing more than their email address or phone number + a shared secret to claim the payment. Some number of free e-Transfers per month is typically included with bank accounts. Interac solved the P2P payments problem for every social group that I'm in there.

Post by almostApatriot1 » Sun, Jul 23, 2017, 9:20 PM UTC

rc_kas wrote: post #117

extr wrote: 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.

Post by tradersam » Sun, Jul 23, 2017, 9:24 PM UTC

rand77763 wrote: post #172

I refuse to link my financial activity and things involving my physical address to Facebook, which Venmo seems to require. This is insanity to me. And I am a millennial as well.

Post by maxxxxx » Sun, Jul 23, 2017, 9:27 PM UTC

bit48 wrote: post #51

pyrrhotech wrote: post #45

>“It’s making people less generous and chivalrous,” Ms. Pennoyer said. “It used to be you’d go to a restaurant, and you’d put down your credit cards and split it 50-50, even if one person had steak and one had chicken. But now people pay exactly to the cent.” How is this portrayed as a bad thing in the article? This solution to this problem is the ONLY reason I use Venmo. Perhaps the author was always the one orderin…

> How is this portrayed as a bad thing in the article? It takes some of the humanity out of the time spent together. Being generous with each other is part of how friendships and other relations are formed. Among friends, boiling it down to a precise transaction is petty. If a friend is abusing this approach, that says something about both him and your friendship.

Post by maxxxxx » Sun, Jul 23, 2017, 9:28 PM UTC

inezk wrote: post #59

This is one of the worst article I read in a long time - also I couldn't disagree with it more. I like eating salads and my friends like eating stakes - Venmo and Square Cash makes it so easy for us to spend time together and split money in a sensible way (how splitting it in a half would be sensible in this case?). Saying that this make friendship transactional is just bullshit - it makes them honest. And people thi…