Thanks to Venmo, We Now All Know How Cheap Our Friends Are
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Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#2On the contrary, I find it removes social friction if you go out to eat relatively often. You can still buy rounds of drinks or pick up the tab; no one is stopping you from being generous.
In college I found it way more tedious to try and "keep-even" with classmates. Combine that with any sort of gossip around "they always shortchange" (maybe they're not good at tax+tip mental calcs), and I'm all for removing uncertainty from friendly transactions.
I most definitely do _not_ allow venmo to share my transaction to my social circle. That seems just silly.
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#3I don't understand why Venmo is such a popular app. I've always used Square Cash and just recently tried Venmo for the first time. My sister and I had dinner and she offered to split the tab. She refused to try Square Cash and had me download Venmo. On the iPhone it felt like buggy port with some weird social feature that allows users to see public transaction.
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#4One paragraph in I thought to myself "haven't I read this before?"
A quick google later: https://qz.com/687395/venmo-is-turning-our-friends-into-pett...
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#5I don't understand why Venmo is such a popular app. I've always used Square Cash and just recently tried Venmo for the first time. My sister and I had dinner and she offered to split the tab. She refused to try Square Cash and had me download Venmo. On the iPhone it felt like buggy port with some weird social feature that allows users to see public transaction.
Venmo significantly predates Square Cash, and once you get used to using a particular app for a task switching is a burden, especially for something like this with a powerful network effect.
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#6I'm pretty sure nothing has changed, it's just easier to split bills now.
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#7You can easily keep your transactions private on Venmo. I think the benefits outweigh the negativity mentioned in the article - it has made our lives more efficient.
However, their scam protection (https://www.theverge.com/2017/7/19/15997768/venmo-scam-fake-...) has room for improvement..
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#8Maybe its because I live in a semi-rural part of the Midwest, but I've never even heard of Venmo.
> Ms. Pennoyer agreed and recalled childhood taxi rides, when two adults would fight to treat the other
That still happens around here. (Well, we don't really have many Taxis around here, but it happens with meals at restaurants and such. I can recall occasions not too long ago where friends and I would all try and sneakily pay for the meal before the others noticed.)
My wife and I lived in SF for a while and stuff like that is part of the reason we came back.
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#9It 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---.
Re: Thanks to Venmo, We Now All Know How Cheap Our Friends Are
#10I see systems like Venmo being commoditized and Venmo being an acquisition target or being disruptive for large banks . My reasoning is below.
I must not be a true milennial (29) .The new hip social networks don’t make sense to me or don’t work. Not only that but if this is a feature of Vennmo I’ll stay with only transferring cash to people with boring old Chase Quickpay with a bank account I don’t have to pay for without Venmo fees.
Edit: Sorry I should have read up on this.