Ribbon (similar to Venmo)

Old Mar 10, 14, 1:32 am
  #1  
Original Poster
 
Join Date: Nov 2012
Posts: 107
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?

Last edited by tcook052; Mar 10, 14 at 10:59 am Reason: remove referral link
crimsonred is offline  
Old Mar 10, 14, 2:26 am
  #2  
 
Join Date: Dec 2013
Location: PHL
Posts: 94
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.

Last edited by tcook052; Mar 10, 14 at 11:00 am Reason: remove referral link
y00y is offline  
Old Mar 10, 14, 2:50 am
  #3  
 
Join Date: Dec 2004
Location: SEA
Posts: 1,887
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.
HikerT is offline  
Old Mar 10, 14, 4:50 am
  #4  
 
Join Date: Feb 2013
Location: PHL
Programs: UA, DL, AA, ANA
Posts: 226
I have been waiting five weeks, still no luck with the referrals.
vinyalwhl is offline  
Old Mar 10, 14, 8:06 am
  #5  
Original Poster
 
Join Date: Nov 2012
Posts: 107
Originally Posted by HikerT View Post
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.
crimsonred is offline  
Old Mar 10, 14, 5:47 pm
  #6  
 
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 8,355
Originally Posted by crimsonred View Post
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.
josephstern is online now  
Old Mar 10, 14, 5:59 pm
  #7  
 
Join Date: Sep 2013
Location: Warm, sunny Florida
Posts: 251
As long as this doesn't go the way of Square Cash.. hmmm...
nuclfusion is offline  
Old Mar 10, 14, 9:53 pm
  #8  
 
Join Date: Mar 2014
Posts: 19
Originally Posted by nuclfusion View Post
As long as this doesn't go the way of Square Cash.. hmmm...
What happened with Square Cash?
coinwhomper is offline  
Old Mar 11, 14, 1:27 am
  #9  
 
Join Date: Jul 2012
Location: SF Bay Area
Programs: Hyatt, SPG, Hilton, AA, UA
Posts: 73
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...
Fanfoot is offline  
Old Mar 11, 14, 5:41 am
  #10  
 
Join Date: Sep 2013
Location: Warm, sunny Florida
Posts: 251
How quickly do the group statuses update after referring folks? Define relatively quickly hah
nuclfusion is offline  
Old Mar 11, 14, 7:31 am
  #11  
 
Join Date: Jul 2011
Posts: 10
I referred a few people yesterday afternoon and a few people today. Still in group 3
chunks1584 is offline  
Old Mar 11, 14, 4:39 pm
  #12  
 
Join Date: Feb 2013
Location: PHL
Programs: UA, DL, AA, ANA
Posts: 226
Thumbs down

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.
http://imgur.com/kZFGjym
vinyalwhl is offline  
Old Mar 11, 14, 4:51 pm
  #13  
 
Join Date: Oct 2013
Location: WAS
Programs: SPG Plat. Marriott Plat. Hilton Diamond. Hyatt Diamond. IHG Plat.
Posts: 2,576
Originally Posted by vinyalwhl View Post
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.
http://imgur.com/kZFGjym
Thanks for testing it for us.
f0xx is offline  
Old Mar 11, 14, 4:53 pm
  #14  
 
Join Date: Feb 2013
Location: PHL
Programs: UA, DL, AA, ANA
Posts: 226
I dont have an MVD or JH but I figure the results will be the same. Bummer.. I hate Kate.
vinyalwhl is offline  
Old Mar 11, 14, 10:03 pm
  #15  
 
Join Date: Mar 2012
Posts: 186
Will this work with Suntrust Delta card?
GeorgeMilesArnold is offline  

Thread Tools
Search this Thread
Search Engine: