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
Ask HN: Rate this Start Up - Venmo.com
51–60 of 65 posts
Re: Ask HN: Rate this Start Up - Venmo.com
#52Also, doesn't Paypal offer this?
Re: Ask HN: Rate this Start Up - Venmo.com
#53what 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.
Re: Ask HN: Rate this Start Up - Venmo.com
#54Earlier 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.
http://www.inc.com/inc5000/2009/company-profile.html?id=2009...
Re: Ask HN: Rate this Start Up - Venmo.com
#55Re: Ask HN: Rate this Start Up - Venmo.com
#56Re: Ask HN: Rate this Start Up - Venmo.com
#57My bank does this for free, and I can also withdraw the money from any of their ATMs as cash instantly if I want.