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Ask HN: Rate this Start Up - Venmo.com

venmo.com

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Re: Ask HN: Rate this Start Up - Venmo.com

#51

great idea, very clever. i posted this to pikk: Thrive or Fail? Send And Receive Credit Card Payments Through SMS Text Messages [VOTE] - http://www.pikk.com/297fd

I am not sure why you would want to do this. If it is interesting, then please discuss it here. Don't spam for another website to discuss it there.

Re: Ask HN: Rate this Start Up - Venmo.com

#52
If it's a service that holds any large amount of money, I'd want to make sure it's associated with or somehow endorsed by a major, trusted organization. The site looks nice and all, but still like a small business.

Also, doesn't Paypal offer this?

Re: Ask HN: Rate this Start Up - Venmo.com

#53
post #8

what happens if someone picks up your phone and writes venmo $100 to 555-123-4567 for hack. 555-123-4567 being their number? how can you issue a refund or deal with issues like this?

They got around this with Pago in NZ ( https://www.pago.co.nz/section261.aspx ) by working with the banks. The money doesn't get transferred from your primary chequing account - you have a separate account which is your Pago 'wallet'. Only that money is accessible to the service, and you have to use internet banking to transfer money from your chequing account into your wallet.

i understand. but the money still gets transferred from your 'wallet' account to the destination. how is that a reversible action in case of user error or malicious intent?

Re: Ask HN: Rate this Start Up - Venmo.com

#54

Earlier quoted context omitted.

I get the sarcasm, but I don't get the point. Does the fact that GoDaddy has a horrible site/shopping experience from a usability standpoint somehow translate into a security stamp of approval that is "watered down"? Has GD has some major security breach? (maybe they have, I don't know). Are everyday users of this service going to care?

The point is that GoDaddy has destroyed their brand to the point where their security guarantee inspires nothing but a visceral "ugh" reaction from everyone who's ever used them.

250% revenue growth over 3 years isn't evidence of a destroyed brand, IMO.

http://www.inc.com/inc5000/2009/company-profile.html?id=2009...

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