Quote:
Originally Posted by EdFNJ
This has nothing to do with credit cards or gas stations or restaurants. The advantage to Venmo, PayPal, Zelle and others is if for example you want to send your grandkids or friend money you can do it for free in instantly. You can't do that with a credit card and if you want to send cash through the mail, good luck or a check would take days. Nothing is foolproof. The world is changing. You just have to be careful and not fearful of technology.
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After reading this response, I had to ask myself "When was the last time that I needed to send my friends or grandkids money where a check wouldn't suffice?" Nope, can't think of one. Your comment that nothing is foolproof can't be more spot on. Unfortunately, we've had several people in TV who have been taken by people calling or sending an email, claiming to be from Amazon or sheriff's office, and yes, even someone posing as the person's grandchild and that they needed money to pay a bill, bail, or a fine. Then you know how this turns out, don't you? The person is out hundreds if not thousands because time to get this transaction taken care of was of the essence, which is where Venmo, PayPal, and Zelle comes into play. Once the person discovers they've been scammed, can they be reimbursed by any of the three? Good luck with that. I don't fear technology, but I can see where it can become harmful to some gullible ancient agers who are only wanting to do the right thing.