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-   -   Ribbon (similar to Venmo) (https://www.flyertalk.com/forum/manufactured-spending/1558983-ribbon-similar-venmo.html)

crimsonred Mar 10, 2014 1:32 am

Ribbon (similar to Venmo)
 
Hey guys,

Has anyone used Ribbon (https://ribbon.co) I recently got an invite, and it seems like a Venmo-ish product. From their FAQs:

What is Ribbon?
Ribbon is a simple way for friends to send and receive money using debit and credit cards.

How much does Ribbon cost?
It’s always free to receive money. It’s free to send money using Ribbon as long as you’re using a debit card. If you’re using a credit card, there’s a 3% fee per transaction.

I have successfully added my bank account there, and looks like you can easily move cash out from the account to the bank. Don't have a PIN activated gift card that I can use right now, but I will try it out ASAP when I can. In the meanwhile, I'll test it out with a CC as well, although the 3% fee is a deal killer. Obviously this will need an A -> B -> A transaction like AP. They don't mention any monthly/daily limits.

Anyway, thoughts? Experience?

y00y Mar 10, 2014 2:26 am

Used your ref to at least sign-up for the waiting list for now and keep an eye out for how this develops. I have one $200 Visa GC sitting here that I couldn't load with Kate today (max reached on 2 BBs). Would have been nice to give it a shot right now. Alas, I shall wait.

HikerT Mar 10, 2014 2:50 am


Refer 3 friends and move to group 2
FWIW, the referral thingy is BS. Referred at 3 friends more than 2 weeks ago and I'm still in group 3. Doesn't inspire confidence in Ribbon.

vinyalwhl Mar 10, 2014 4:50 am

I have been waiting five weeks, still no luck with the referrals.

crimsonred Mar 10, 2014 8:06 am


Originally Posted by HikerT (Post 22495316)
FWIW, the referral thingy is BS. Referred at 3 friends more than 2 weeks ago and I'm still in group 3. Doesn't inspire confidence in Ribbon.

I can confirm their ranking is true. After signing up, I actually went back to check my "status in line" using the link they gave me when I signed up. Says I'm in Group 3? ...! :)

P.S. I'm waiting for my friend to get the invite so that I can test the system out. Hopefully any day now.

josephstern Mar 10, 2014 5:47 pm


Originally Posted by crimsonred (Post 22496398)
I can confirm their ranking is true. After signing up, I actually went back to check my "status in line" using the link they gave me when I signed up. Says I'm in Group 3? ...! :)

P.S. I'm waiting for my friend to get the invite so that I can test the system out. Hopefully any day now.

Group 3 is where you start, so your experience mimics the rest of ours.

Group 1 is where you want to get.

nuclfusion Mar 10, 2014 5:59 pm

As long as this doesn't go the way of Square Cash.. hmmm...

coinwhomper Mar 10, 2014 9:53 pm


Originally Posted by nuclfusion (Post 22499998)
As long as this doesn't go the way of Square Cash.. hmmm...

What happened with Square Cash?

Fanfoot Mar 11, 2014 1:27 am

Well, I just referred a bunch of alternative email aliases and got an invite relatively quickly. Hotmail has a nice email alias feature if you're looking for one...

I cleared a $20 test gift card within a couple of days. I'm now sitting on a $500 gift card "send money" transaction (deposit to bank account on the other end) that's a couple of business days in. They say 3-5 business days so no worry yet. I've heard others say they sat in purgatory for ages on larger transfers though, and had to eventually resort to email. We'll see. Not sure this is going to work out for moving a lot of money...

nuclfusion Mar 11, 2014 5:41 am

How quickly do the group statuses update after referring folks? Define relatively quickly hah

chunks1584 Mar 11, 2014 7:31 am

I referred a few people yesterday afternoon and a few people today. Still in group 3

vinyalwhl Mar 11, 2014 4:39 pm

Was able to test this out today. Gift cards (visa and MC), buxx, gobank, emerald... etc were all hard coded as reject (like a square is now) after the first 6 digits of the card number. Looks like I am stuck with Kate. :td:
http://imgur.com/kZFGjym

f0xx Mar 11, 2014 4:51 pm


Originally Posted by vinyalwhl (Post 22506029)
Was able to test this out today. Gift cards (visa and MC), buxx, gobank, emerald... etc were all hard coded as reject (like a square is now) after the first 6 digits of the card number. Looks like I am stuck with Kate. :td:
http://imgur.com/kZFGjym

Thanks for testing it for us.

vinyalwhl Mar 11, 2014 4:53 pm

I dont have an MVD or JH but I figure the results will be the same. Bummer.. I hate Kate.

GeorgeMilesArnold Mar 11, 2014 10:03 pm

Will this work with Suntrust Delta card?


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