? Experiences with accepting VENMO payments - is it Risky Business?

[HeavyG]

Hey yall. I'm new to venmo. I normally use PayPal/zelle

I'm selling a high priced item with a new client...and don't wanna be victim of a scam/charge back

Let's discuss what have encountered utilizing this payment system ?

Click to read more...

 

[Bob Kazamakis]

I’ve sold a ton of things and taken Venmo as payment but it’s always been in person. I’ve sold some pricier things too ($5k)It’s a PayPal company but I don’t think there is anything someone can do about getting their money back. Maybe I’m wrong

 

[frank]

Does PayPal or Venmo offer any kind of double validation, as in providing a driver’s license, and personal info?

Recently inquired about a car on auto trader and was asked if I wanted to validate myself so the buyer knew I was a real person.

 

[Limey]

Venmo is owned By PayPal and has the same backing as paypal goods and services Like Paypal you have to click that how you want it sent other wise its automatically sent like a friends family type payment

 

[Flyn]

Biggest problem I found with Venmo is my bank only allows $750 per week. Other than that, it has worked fine.

 

[Bob Kazamakis]

Does PayPal or Venmo offer any kind of double validation, as in providing a driver’s license, and personal info?

Recently inquired about a car on auto trader and was asked if I wanted to validate myself so the buyer knew I was a real person.

In person Venmo transactions it’ll ask for the last 4 digits of your phone number and that’s it. I just sold some shit for $700 and got paid with Venmo.

 

[Bob Kazamakis]

Biggest problem I found with Venmo is my bank only allows $750 per week. Other than that, it has worked fine.

to receive money? It’s $4999.99 a week

 

[Flyn]

To send money.

 

[v6buicks]

I didn't know that you could send money as G&S through Venmo. I'm hate being a Paypal only dinosaur.

 

[Bob Kazamakis]

To send money.

Must be a bank limit then. It’s the same for sending and receiving. $4999.99

I paid for half my last car with Venmo because I couldn’t get enough money out from my bank thru an affiliate bank.

 

[Shawn1112]

Must be a bank limit then. It’s the same for sending and receiving. $4999.99

I paid for half my last car with Venmo because I couldn’t get enough money out from my bank thru an affiliate bank.

Usually the banks. They had my Zelle sending limit set at like $200 a day (Chase).
I had to call them and tell them they need to bump that shit up, so now I can do $3k per day.

 

[Bob Kazamakis]

Can’t buy shit for $200

 

[Limey]

I didn't know that you could send money as G&S through Venmo. I'm hate being a Paypal only dinosaur.

I'm sure you figured it out by now but it also can be the same name as your PayPal account as well