Reasons to not leave money in Venmo. It does sound like a hit piece by the banks though.
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Reasons to not leave money in Venmo. It does sound like a hit piece by the banks though.
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It could well be a hit piece paid for by the banking system (under the table of course). They simply do not like the competition.
FinTech has been cleaning their clocks for two decades.
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I never used Venmo.. I'm not sure if they operate here
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Those are actually all legit reasons to not leave your money on Venmo. Not sure it's really a "hit" piece, and it doesn't really bash the service. It just points out that you don't earn interest, it isn't insured, and getting money off of it takes time. All true.
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Venmo is owned by Paypal. So your money is definitely not safe there.
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