VENMO
#256
A FlyerTalk Posting Legend
Join Date: Sep 2002
Location: LAX/TPE
Programs: United 1K, JAL Sapphire, SPG Lifetime Platinum, National Executive Elite, Hertz PC, Avis PC
Posts: 42,220
GoDaddy, for lack of a better word, sucks!
#257
Join Date: May 2012
Location: New England
Programs: DL PM, HH Gold, the rest come and go
Posts: 313
Data point: Nationwide Visa Buxx adds to Venmo as a 3% "small bank" debit card.
Anyone have experience with Wells Fargo/US Bank/BoA prepaid?
Keep it to PM if you prefer.
Anyone have experience with Wells Fargo/US Bank/BoA prepaid?
Keep it to PM if you prefer.
#265
Join Date: Sep 2008
Location: NYC
Programs: AA PLT 2MM
Posts: 395
From a recent online article: "Venmo also recently revamped their payment limits system, and increased the amount people can pay out. Currently, the company is allowing people to pay out up to $3,000 per calendar week regardless of funding source. I was told by Mr. Hamilton that the limits are put in place by Venmo as a security measure to help prevent fraud and money laundering. The Venmo team takes fraud very seriously, in fact, they have a full-time fraud team who comb through the transactions looking for any suspicious activity. In addition to a human fraud detector, they also have developed algorithms to look for suspicious activity such as people who only connect a credit card and make one large payment or several small payments of the same size and then try and cash out quickly."
Full article: http://www.besttechie.com/2013/03/28/meet-venmo/
Full article: http://www.besttechie.com/2013/03/28/meet-venmo/