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Introducing Mint PayBack

mint.com

11–20 of 25 posts

Re: Introducing Mint PayBack

#11

Yuck. Why should you need to do this with friends. I hate the idea

You would rather nag and hassle your forgetful friends to pay you back, instead of sending them a little message with an easy-to-pay link?

Probably. It seems very passive-aggressive to invoice a friend rather than just ask them to pay up.

Re: Introducing Mint PayBack

#12

Has anyone tried it? I wonder how it works for both the collector and the friend. I can't test it since I've learned not to loan money to people

The product isn't live. Submitting the form just redirects you here: https://www.mint.com/payback-thanks/#public

  " Thanks for your interest in Mint PayBack!
  We're still in private beta, but we'll notify you as soon   
  we launch to the general public. In the mean time, help us 
  shape Mint PayBack by completing this short survey."

Re: Introducing Mint PayBack

#13

Yuck. Why should you need to do this with friends. I hate the idea

Credit card transactions between friends still aren't that easy. Not everyone likes (or has) Paypal, etc.

Something like this would be extremely helpful for situations like multiple couples renting a beach house or people chipping in for an expensive gift for somebody else.

Re: Introducing Mint PayBack

#14
post #3

$0.99/transaction is quite steep compared to Venmo (free).

I love how the text "Mint collects $0.99 for each transaction" is the only thing on the entire page colored that particular shade of grey, which somehow makes it even more conspicuous (while obviously being intended to be the opposite)

Re: Introducing Mint PayBack

#15

Yuck. Why should you need to do this with friends. I hate the idea

Credit card transactions between friends still aren't that easy. Not everyone likes (or has) Paypal, etc. Something like this would be extremely helpful for situations like multiple couples renting a beach house or people chipping in for an expensive gift for somebody else.

I have used WePay (https://www.wepay.com/) in the past and really liked it. They charge less than Mint is planning on charging. For credit cards its 3.5% with a 50 cent min. The fee is less if you use your bank account.

Re: Introducing Mint PayBack

#16

Yuck. Why should you need to do this with friends. I hate the idea

Credit card transactions between friends still aren't that easy. Not everyone likes (or has) Paypal, etc. Something like this would be extremely helpful for situations like multiple couples renting a beach house or people chipping in for an expensive gift for somebody else.

Credit cards are the wrong payment method for paying friends. Credit cards make sense for strangers paying strangers where the payment needs to occur instantly and at least one party is willing to pay up to 3%, none of these being the case when paying friends.

Re: Introducing Mint PayBack

#17
Interesting that it's Mint branded as opposed to Intuit, Quicken or something new.

It looks like there's a decent chance that there is no service whatsoever behind the interest-collection and survey. Not a bad strategy for gauging interest, I guess.

Re: Introducing Mint PayBack

#18
I wish someone would make something like this but automatically transfer to your bank account. I don't see why PayPal doesn't have that option. Whenever I receive more than 50 bucks or whatever I always want to withdraw it to my bank account.

Re: Introducing Mint PayBack

#20
It seems like it's not live yet, but I'm curious how it differs from paybaq.com, other than layout, having the Mint name attached to it, and having a "ck" instead of a "Q".
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