Author Topic: venmo (Read 123060 times)

Are u kidding? I guess you haven't been following helpme's posts.

He has been banned from every payment processor at least once. - Nothing any of us look forward too or anticipate.

HelpMe · « **Reply #67 on:** January 09, 2012, 03:00:59 AM »

Quote from: Saver2000 on January 09, 2012, 02:36:54 AM

Are u kidding? I guess you haven't been following helpme's posts.

He has been banned from every payment processor at least once. - Nothing any of us look forward too or anticipate.

...but there are new ones popping up every day.

AJK · « **Reply #68 on:** January 09, 2012, 03:02:41 AM »

Quote from: Saver2000 on January 09, 2012, 02:36:54 AM

He has been banned from every payment processor at least once.

What was that saying about pigs and hogs again...?

Drago · « **Reply #69 on:** January 09, 2012, 09:56:16 AM »

Quote from: Saver2000 on January 09, 2012, 02:36:54 AM

Are u kidding? I guess you haven't been following helpme's posts.

He has been banned from every payment processor at least once. - Nothing any of us look forward too or anticipate.

I kinda enjoy his posts, since it seems like he always has big things going on.

I haven't been able to read all of them yet. Not w/o losing both a job and a family.
And even miles aren't worth that.

Mocha · « **Reply #70 on:** January 13, 2012, 11:14:15 AM »

I'm guessing this would look the same to Amex as AP for FR.
Anyone with insight? Stick with Citi/Chase?
And what have people been doing to get banned?

HelpMe · « **Reply #71 on:** January 23, 2012, 02:04:45 PM »

I have been harassing Venmo for over six months because they will not cut me a check for the .50 I have in my account they suspended. They have now decided to send the .50 back to the original source. The problem is I am also the owner of that account and it is also suspended. Here goes another six months.

Email from Venmo:
you paid xxxx $0.50 Reversing payment # xxxxx for $0.50 from user xxxx to user xxxx

bubbles · « **Reply #72 on:** January 23, 2012, 02:07:19 PM »

Quote from: HelpMe on January 23, 2012, 02:04:45 PM

I have been harassing Venmo for over six months because they will not cut me a check for the .50 I have in my account they suspended. They have now decided to send the .50 back to the original source. The problem is I am also the owner of that account and it is also suspended. Here goes another six months.

Email from Venmo:
you paid xxxx $0.50 Reversing payment # xxxxx for $0.50 from user xxxx to user xxxx

lol

please tell me it's the principal of the matter

HelpMe · « **Reply #73 on:** January 23, 2012, 02:10:46 PM »

Quote from: bubbles on January 23, 2012, 02:07:19 PM

lol

please tell me it's the principal of the matter

To be honest sometimes I just have to much free time. I am in front of my computers a lot and nothing going on.

Drago · « **Reply #74 on:** January 23, 2012, 04:04:13 PM »

Quote from: HelpMe on January 23, 2012, 02:10:46 PM

To be honest sometimes I just have to much free time. I am in front of my computers a lot and nothing going on.

Government employee?

Red · « **Reply #75 on:** January 23, 2012, 04:18:13 PM »

Quote from: Reuven on January 23, 2012, 04:04:13 PM

Government employee?

3ZeroT · « **Reply #76 on:** January 23, 2012, 06:09:23 PM »

Quote from: HelpMe on January 23, 2012, 02:04:45 PM

I have been harassing Venmo for over six months because they will not cut me a check for the .50 I have in my account they suspended. They have now decided to send the .50 back to the original source. The problem is I am also the owner of that account and it is also suspended. Here goes another six months.

Email from Venmo:
you paid xxxx $0.50 Reversing payment # xxxxx for $0.50 from user xxxx to user xxxx

Did they ask to send in photo ID (and did you not comply)? For 50 cents - yeah who cares, but you'd probably feel different with a couple grand on the line. I have two data points like that in which they unfroze and let the withdrawal go through within 24 hours of sending in ID photocopy. Not only that but they sent a friendly message for complying, kept the account open for continued payments - all this even after obvious 'questionable' payment activity. So for those hitting this hard (harder than 50 cents) my advice is keep the receiving account legit (name) and be willing to send in ID, and you shouldn't have any worries about frozen funds. The sending accounts you don't care about being frozen and verifying with ID, as funds don't get frozen at that stage. There is nothing stopping you from opening another sending account if you know what you're doing.

yoav · « **Reply #77 on:** January 23, 2012, 06:20:07 PM »

Why is venmo doing this? How do they earn money? I mean, they have to pay a processing fee for all transactions.

PlatinumGuy · « **Reply #78 on:** January 23, 2012, 06:21:50 PM »

Quote from: yoav on January 23, 2012, 06:20:07 PM

Why is venmo doing this? How do they earn money? I mean, they have to pay a processing fee for all transactions.

like all tech companies, they first acquire critical mass then look for ways to monetize it. It worked for Google, and Facebook, Twitter etc, have mega valuations based on that.

Fan of Dan · « **Reply #79 on:** January 23, 2012, 08:07:53 PM »

Venmo says that soon they plan on charging businesses a fee to use their service to get payed.