They acquired Venmo, they didn’t start it. They started with the niche target of younger users who often needed to

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May 9, 2021
2:51:39pm

molodyets Mortgage guy in all 50 states

Split bills. They made that easy long before PayPal ever streamlined mobile c2c payments

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molodyets

Previous username: patches1391
Bio page: molodyets
Joined: Mar 26, 2006
Last login: May 2, 2024
Total posts: 43,226 (19,294 FO)

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Messages

Author

Time

How did Venmo become standard to transfer money to people? Form of social media?

byu1

5/9/21 2:27pm

That post was way too long to read but quick answer is it’s way easier to use Venmo on a phone.

Mike Honcho

5/9/21 2:28pm

Oh and anyone who doesn’t have their transactions private by default is dumb

Mike Honcho

5/9/21 2:29pm

RE: Oh and anyone who doesn’t have their transactions private by default

The Pope

5/9/21 3:12pm

Yeah has nothing to do with the social media aspect of it.

JuicyJam

5/9/21 2:39pm

Lots of customers pay via venmo. I save on cc fees. I love it. More 💰 for me!

MrClark

5/9/21 2:44pm

Set your transactions to private. Done.

LaserCoug

5/9/21 2:29pm

The reason why people post to their stories every day is because people like

fredetteaboutit13

5/9/21 2:32pm

RE: How did Venmo become standard to transfer money to people? Form of social media?

TCuz

5/9/21 2:32pm

We found out an old friend was married via Venmo

novacoug1

5/9/21 2:35pm

Most boomer post ever to CB

IceBlueCoug

5/9/21 2:39pm

<< Deleted >>

Division Bell

5/9/21 3:54pm

Exactly, you’re getting it.

TCuz

5/9/21 4:02pm

Im a youngster and i agree with the old geezer

Backcountry

5/9/21 4:02pm

It's an interesting question, being that PayPal owns Venmo. Seems like Venmo

Cougarmayn

5/9/21 2:46pm

They acquired Venmo, they didn’t start it. They started with the niche target of younger users who often needed to

molodyets

5/9/21 2:51pm

Sure. But they acquired it 8 years ago, well before it became mainstream.

Cougarmayn

5/9/21 2:57pm

It was already very popular on college campuses.

molodyets

5/9/21 3:00pm

It’s easy. It’s free. No social media component at all.

garyfan

5/9/21 2:52pm

I think PayPal owns Venmo anyways

homegrown

5/9/21 2:55pm

Really great app. I use it constantly. Receiving rents this way is so perfect.

mulletino

5/9/21 3:00pm

Interesting

Backcountry

5/9/21 4:02pm

I use Venmo pretty regularly. My wife's account since I am lazy and I also don't

fbguru

5/9/21 3:25pm

Venmo is just as evil as crypto. Do better.

TCuz

5/9/21 3:29pm

I didn't realize it had the same energy waste per transaction. Or that it's

fbguru

5/9/21 4:52pm

Also, look at my posting history. I'm opposed to Bitcoin, not all crypto.

fbguru

5/9/21 4:53pm

Took me longer to read this than all of my combined Venmo transactions (of which

fattycoug

5/9/21 4:09pm

Doesn't Paypal own Venmo? Isn't it just their Peer to peer version?

flyzag

5/9/21 9:10pm

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