Venmo the new Dwolla? | Bitcointalksearch.org

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: jlambert on March 20, 2012, 05:22:42 PM

They also charge no fees at the moment..

Well, ... Venmo allows the payment to be funded from a credit card. That used to be provided at par (no fee for the transfer from a card). Now they charge 3% apparently (though for new users, the first $500 of charges is free from any fees).

- http://help.venmo.com/customer/portal/articles/429494-why-is-venmo-charging-credit-card-fees-

As far as competing with Dwolla, t here are no bitcoin exchanges or intermediaries that accept Venmo payments. So Venmo is no more like Dwolla than PayPal, AlertPay, Square, or the multitude of competing services.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Not sure if anyone else has come across this but it seems to be a search button on BitcoinTalk where one can search for stuff anonymously. That said, yes we've seen it.

https://bitcointalk.org/index.php?action=search

jlambert

newbie

Activity: 7

Merit: 0

Not sure if anyone else has come across this but it seems to be a new type of Dwolla, although the description says that transactions are shared with the public in a social way. Seems like a cross between Dwolla and Bitcoin without the anonymity.

http://venturebeat.com/2012/03/20/venmo-now-processing-10m-a-month-comes-out-of-beta-offers-me-the-worlds-smallest-bribe/

https://venmo.com/

They also charge no fees at the moment..

Topic: Venmo the new Dwolla? (Read 1722 times)