Originally Posted by
pancakeman27
Oh yeah - I don't think you can do that. My SO and I both have accounts so we just send it back and forth. And as far as funding goes, if you can't find a GC that works, just use your debit card from another bank and you won't have any fees and then you can get one of the venm0 accts funded and ready to direct deposit into the new bank acc.
I am uncertain as to how the above is MSing.
In my mind, I buy a GC (say SMGC) with a credit card and then need to monetize it. We use to do this by depositing it into BB or Serve and then paying via BP or check the subsequent CC bill. Or we convert the GC into MOs and deposit them into a bank account.
What people tried to do with Venmo was take the GC and use it on Venmo as their payment method. They then simply transferred the balance of the card out to a bank and withdrew the cash. When the GC balance reached zero, they added a new GC and repeated the process. Venmo caught on quickly and basically has shut down that method of MSing (only 4 GCs per year allowed and only very specific ones at that). Of course numerous people also got banned from Venmo.
So how are you going to fund Venmo now? Using a real bank debit card as your funding source does nothing for MSing. So I am confused how one would even use Venmo at all (except for that modest 4 cards a year per account.)