VENMO
Apr 24, 2011, 12:34 pm
#31
Join Date: Mar 2011
Posts: 32
my experience with venmo
In my experience, VENMO is fast and reliable. Unlike ~10 days for (wallet to bank acct) transaction in Xipwire, Venmo transaction is much faster; 2~3 days usually.
Edit: they locked my account, so there is no more invite available.. no matter what, how careful you were using them, in the long run, they ban all your accounts eventually.
Last edited by ninano; Aug 23, 2011 at 10:02 pm Reason: venmo locked my account, so no more invite available
Apr 24, 2011, 12:56 pm
#32
Join Date: Apr 2006
Location: CMH
Posts: 891
What do you use Venmo for? I'm interested in using it to split rent and utilities, but after reading some people's experiences, it sounds like Venmo doesn't like big charges. Although their website states that you can use it to split rent, I'm afraid because of the amount (rent is usually big even when split), it could be a reason for them to ban you.
Jun 1, 2011, 10:11 pm
#33
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
OK - so I've been using Venmo for a few months. I'm surprised there hasn't been more traffic in this forum about it. It's definitely got some problems, but hey, it provides free miles!
Initially, I couldn't get into the beta. But I found a way around that, which is to download the iPhone app, and then you can sign up within the app - no beta restrictions.
Next, I don't really know what the limit is, but it's certainly useful to get SOME miles, and it's also helpful in those situations where you need X amount of charges per month. You can just keep sending your friend/spouse/relative a few dollars here and there and rack up the transactions.
I saw a mention above about fees and ACH and such. For the record, for me:
-No fees
-ACH is only for deposit
-All inputs to the system are by credit card
I assume that'll have to change one day, but in the early days, I always make sure to take advantage, hard.
To me, Venmo is a race: how can I max it out for miles, yet not overdo it and run into problems, all before the inevitable fees start rolling in?
One more note: part of their shtick is that you can take money from friends based on some mysterious "trust" mechanism. To demonstrate that, you can take $1 from Venmo after you get rolling. You also get $1 for each friend you refer, who signs up. Not much, but it's something.
Let me say in advance, while I'm all about referral bonuses, the $1 on this one doesn't interest me enough to overcome the time involved. So if you're looking for a referral, find someone else in this thread, and thanks for the thought!
Initially, I couldn't get into the beta. But I found a way around that, which is to download the iPhone app, and then you can sign up within the app - no beta restrictions.
Next, I don't really know what the limit is, but it's certainly useful to get SOME miles, and it's also helpful in those situations where you need X amount of charges per month. You can just keep sending your friend/spouse/relative a few dollars here and there and rack up the transactions.
I saw a mention above about fees and ACH and such. For the record, for me:
-No fees
-ACH is only for deposit
-All inputs to the system are by credit card
I assume that'll have to change one day, but in the early days, I always make sure to take advantage, hard.
To me, Venmo is a race: how can I max it out for miles, yet not overdo it and run into problems, all before the inevitable fees start rolling in?
One more note: part of their shtick is that you can take money from friends based on some mysterious "trust" mechanism. To demonstrate that, you can take $1 from Venmo after you get rolling. You also get $1 for each friend you refer, who signs up. Not much, but it's something.
Let me say in advance, while I'm all about referral bonuses, the $1 on this one doesn't interest me enough to overcome the time involved. So if you're looking for a referral, find someone else in this thread, and thanks for the thought!
Jun 1, 2011, 10:12 pm
#34
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
What do you use Venmo for? I'm interested in using it to split rent and utilities, but after reading some people's experiences, it sounds like Venmo doesn't like big charges. Although their website states that you can use it to split rent, I'm afraid because of the amount (rent is usually big even when split), it could be a reason for them to ban you.
I think there's a monthly max, but I haven't had a problem so far.
Jun 2, 2011, 6:51 am
#36
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
Jun 2, 2011, 3:51 pm
#37
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
Got an email from these guys today telling me that ACH deposits will now happen overnight.
All I can glean from that is that they want me to pull my money out, and not keep it there to send to others. Fine!
All I can glean from that is that they want me to pull my money out, and not keep it there to send to others. Fine!
Jun 3, 2011, 6:50 am
#38
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
Anyone know how to get all of my contacts out of the iPhone app?
When you set it up, it automatically imports your contacts. I hit "cancel" as it was going, but not soon enough. I hate that there was no option "Should we import your contacts?"
Anyway, I've got hundreds of contacts in there, all with "invite" buttons on their info. I'll clearly never invite, pay, or receive from 99% of them, so it's actually more useless than building them manually.
But I can't figure out how to delete - I might try deleting the app, reinstalling, and getting ready to hit "cancel" as fast as possible.
When you set it up, it automatically imports your contacts. I hit "cancel" as it was going, but not soon enough. I hate that there was no option "Should we import your contacts?"
Anyway, I've got hundreds of contacts in there, all with "invite" buttons on their info. I'll clearly never invite, pay, or receive from 99% of them, so it's actually more useless than building them manually.
But I can't figure out how to delete - I might try deleting the app, reinstalling, and getting ready to hit "cancel" as fast as possible.
Jun 3, 2011, 8:41 pm
#40
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
Jun 4, 2011, 8:54 am
#42
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
Anyone try multiple referrals? If ten of us refer one email address, and that email gets signed up, do we each get a buck? Or does each referral after the first get denied when you try to refer?
Jun 6, 2011, 9:19 am
#43
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047
Three things:
1 - There is currently NO referral bonus with Venmo. That seems to be turned off.
2 - I don't mind referring people, but I keep getting PMs asking for a code. There's no code (not sure if the Venmo site implies that) but rather, I need your email address, and I enter it in my phone app. So if you PM me, please just include your email address in the first PM, and I'll try to do them when I have a sec - usually it's within a few hours. (EDIT: I just found a referral URL, so I don't need your email address actually)
3 - If you don't want to bother with a referral and you have an iPhone, just download the app. That's how I got in. You can sign up in there without a code.
1 - There is currently NO referral bonus with Venmo. That seems to be turned off.
2 - I don't mind referring people, but I keep getting PMs asking for a code. There's no code (not sure if the Venmo site implies that) but rather, I need your email address, and I enter it in my phone app. So if you PM me, please just include your email address in the first PM, and I'll try to do them when I have a sec - usually it's within a few hours. (EDIT: I just found a referral URL, so I don't need your email address actually)
3 - If you don't want to bother with a referral and you have an iPhone, just download the app. That's how I got in. You can sign up in there without a code.
Last edited by josephstern; Jun 6, 2011 at 10:08 am
Jun 6, 2011, 9:27 am
#44
Suspended
Join Date: May 2010
Posts: 2,998
Jun 6, 2011, 10:08 am
#45
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,047