Changes At Venmo
Mar 17, 2012 | 4:48 pm
#1
Original Poster
Join Date: Apr 2010
Posts: 24
Changes At Venmo
It was fun while it lasted. Received this email today:
Dear Lex12
At Venmo, we believe payments should be fun, fast, and easy. We also believe that payments between friends should always be free.
Today, we are taking a big step towards this vision. We are launching free and instant bank payments, which means you can fund payments from your bank account instead of a credit card. We've worked very hard to ensure that these payments are just as easy, fast, and secure as credit card payments.
So, what's changing?
Until May 1st,
You can continue using Venmo the way you do now.
You can opt to switch to bank payments at any time by following a few simple steps. Click here to switch now.
Starting May 1st for you (and starting today for new users),
To continue using Venmo for free, you must switch to bank payments.
If you still want to use your credit card, you can set it as your funding source, but you will be charged 3% to cover credit card processing fees.
When you're signing up your friends, you should know that they can send their first $500 from their credit card for free.
Why the change?
At Venmo, we've always wanted payments between friends to be free. Until now, the only way we could offer fast and simple payments was with credit cards. So, we've been happily covering credit card processing fees for you while working hard to perfect the bank payment experience. We've spent months building this new funding option, and today we are excited to launch the best bank payment experience available.
To start making bank payments now, click here.
Or to learn more about bank payments, click here.
If you have any questions or feedback, we would love to hear it. Simply reply to this email.
Sincerely,
Team Venmo
Dear Lex12
At Venmo, we believe payments should be fun, fast, and easy. We also believe that payments between friends should always be free.
Today, we are taking a big step towards this vision. We are launching free and instant bank payments, which means you can fund payments from your bank account instead of a credit card. We've worked very hard to ensure that these payments are just as easy, fast, and secure as credit card payments.
So, what's changing?
Until May 1st,
You can continue using Venmo the way you do now.
You can opt to switch to bank payments at any time by following a few simple steps. Click here to switch now.
Starting May 1st for you (and starting today for new users),
To continue using Venmo for free, you must switch to bank payments.
If you still want to use your credit card, you can set it as your funding source, but you will be charged 3% to cover credit card processing fees.
When you're signing up your friends, you should know that they can send their first $500 from their credit card for free.
Why the change?
At Venmo, we've always wanted payments between friends to be free. Until now, the only way we could offer fast and simple payments was with credit cards. So, we've been happily covering credit card processing fees for you while working hard to perfect the bank payment experience. We've spent months building this new funding option, and today we are excited to launch the best bank payment experience available.
To start making bank payments now, click here.
Or to learn more about bank payments, click here.
If you have any questions or feedback, we would love to hear it. Simply reply to this email.
Sincerely,
Team Venmo
Mar 17, 2012 | 5:10 pm
#2
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,734