A friend across the country owes me $50 and wants to pay me via venmo. How secure is it? My money situation is tight so I could use the cash, but not if it makes my checking account any more vulnerable than it already is. I pay all my bills including credit cards online so I guess I'm already at risk. Also, is it any more or less risky receiving money via venmo than it is sending money via venmo?
Thanks.
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Like for craigslist or sports tickets or anything really. It's great, but it is definitely risky.
Checks will always have purpose and use. Apps like you mentioned might be convenient for splitting the tab and the like, but when it comes to real world payments such as pest control, HVAC, etc., checks are still the preferred form of payment.
Mailing cash across the country isn't a great idea.
Sold it to PayPal for several million and is now developing his next app.
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And ones targeting foreign transfers are going to make cheques obsolete
Checks will always have purpose and use. Apps like you mentioned might be convenient for splitting the tab and the like, but when it comes to real world payments such as pest control, HVAC, etc., checks are still the preferred form of payment.