Quote:
Originally Posted by BrianL99
May be of interest for those who use VENMO (70,000,000 people)..
VENMO recently added a "Button" when you send money to someone, which offers you "Protection for this Transaction" ... at no cost to the Sender. They charge the Recipient, 1.9% + 10ยข. I got charged $12 when my ex-wife transferred money to me.
Be careful. This Option can be triggered by what you write in the "Notes" section. The notes are evaluated by a algorithm and automatically activate the Fee.
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We use venmo a lot to split bills, send money to young adult kids, etc. if we send to a new recipient, we always send $1 first to make sure we have the correct person, then we will send the correct amount.