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Old 26-09-2018, 08:51   #31
cruiser

Join Date: Jan 2017
Boat: Retired from CF
Posts: 13,304
Re: Person to person money transfer platform

The other factor is privacy.

I know if I were giving out my bank details to just anyone, I'd dedicate an account for that purpose and by default keep it empty.

That's the other key advantage to the non-banking services like Venmo, they know your details but shield them from all those unknown quantities you're transacting with remotely.

Bought my last vehicle using PayPal money, in fact have $20K line of credit with them now, six month no interest.

And they've never queried my credit rating, just based off my history with them and eBay.
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