I'm very anti-tech.
In my opinion, you're the seller - it's your rules. Just make very clear in your ad that it's cash only, so no one is surprised.
I'm very anti-tech.
In my opinion, you're the seller - it's your rules. Just make very clear in your ad that it's cash only, so no one is surprised.
I think the only way you can reverse payments on Venmo is repayment by recipient. I thought it was safer than PayPal for that reason.
DS April 2010
DS March 2016
The payment account could be stolen / hacked. When that is discovered, the payment can be pulled back out of the recipient's account. Venmo will shrug and say, sorry, you shouldn't have accepted Venmo from a stranger.
Really, its probably fine, but with an expensive item to sell, and a buyer who is overly insistent about not wanting to get cash.... I'd be wary as a seller and just go to the next buyer.
https://www.thebalance.com/venmo-scams-315823
I have no issues using Venmo for ease among friends and low dollar activities. A complete stranger for an item I'm selling makes me take pause. Higher value item, I'd probably want cash.
I had an account for over three years before I tied it to a bank account. I opened the account when a friend wanted to pay for Girl Scout cookies using Venmo. I limited its use to my "fun money" kind of things. So I was accepting and spending with a balance that ran from $20 to $200 so I just left it there for ease.
Then I did a larger purchase with many people reimbursing me and the balance was large enough I wanted it transferred to my checking account.
DH has also not had a need for a Venmo account yet. I assume when/if he does, I can seed the account with funds from my Venmo. It's an extra step for getting larger amounts into/out of checking, but if it happens rarely, no big deal.
I wouldn’t accept PayPal or Venmo from a stranger. I’d be too concerned about scams. Especially for a high dollar item.
Mom to b/g twins (g in college, b working)
People show themselves not by what they say but by what they do
Our happiness or our unhappiness depends far more on the way we meet the events of life than on the nature of those events themselves. -- Wilhelm von Humboldt