That shouldn't have stopped them, as we (in Canada) can still use the old swipe and sign method as well; it's just that (almost) no one does that anymore now that the cards have chips and tap as well.To go slightly off topic: The US is still on signature rather than PIN largely because of the elderly population and those similarly technologically inept. It's been a daunting task trying to get that specific group in such a large country to get on board with a new system. People don't like change. Countries like Canada have successfully made the switch years ago, but that's only because we have about a tenth of the population of the US--it's not quite the same task to do a country-wide switch over of systems when you're (comparatively) that small.
The US does not have IBAN.
Square Cash is awesome.
See that's the best thing to me. Instant is awesome and I hear good stuff about Square Cash so I might jump on that.It's the best. It acts as an ATM transaction so the money is deducted / available immediately.
Part of the problem might be the number of banks that exist in the US. In Canada, you have the big five banks that handle 99% of the population so while the country is much smaller, the banks on average are much bigger and (seemingly) more willing to work together.Fees for transfers, taking pictures of cheques, just how bad is the US banking system.
But doesn't it have an unique account identifier?
I believe Chase has this for example, but when sending to another bank out of network there's a fee
To go slightly off topic: The US is still on signature rather than PIN largely because of the elderly population and those similarly technologically inept. It's been a daunting task trying to get that specific group in such a large country to get on board with a new system. People don't like change. Countries like Canada have successfully made the switch years ago, but that's only because we have about a tenth of the population of the US--it's not quite the same task to do a country-wide switch over of systems when you're (comparatively) that small.
Square Cash is awesome.
Square Cash is awesome.
A big question to Venmo users.
If someone across states offered to buy something from me through Venmo, can I trust him? Is there a way for him to get his money back when my item ships to him?
I never used Venmo, but I have used PayPal with their Family option.
Pop money is used by one of my banks but my bank website says they charge a fee if I transfer to other banksPopmoney because my company owns it lol
But doesn't it have an unique account identifier?
Venmo or bank transfer. Bank is instant, venmo has a one day turn around.
Nah. Square Cash has no turnaround. The funds are instantly available from your bank and there's no extra steps. If someone pays you, the money is in your bank. That's it. Venmo has a worse interface with more steps and social feeds and has to be transferred to the bank after someone pays you, which can take anywhere from 1-5 days.Venmo Venmo Venmo
Square Cash is the best I've used. Transfers are typically instantaneous and you tie it to your debit card instead of directly to your checking account like with Venmo.
It's crazy easy to sign up for Square Cash. It was basically like name, number, and take a pic of your debit card.I've been using google wallet for several months now. Have no complaints about it. Does take a day or so to transfer cash to your bank, but that's not an issue for me.
Still might give square cash a go due to the positive impressions. The tough part is convincing everyone else in your group to switch to a new app.
Had a bad experience with paypal years ago so I won't touch their app or venmo.
That's great, let me tell my female roommate that there's no better option than walking around and going alone to an ATM with several hundred dollars in cash by herselfHave you tried cash-in-wallet? You don't even need an app, or even any internet connection.
What you do is, take the printed bank notes that your country uses for legal tender, and place them in a wallet (Wallets can be purchased at department stores, and come in a variety of fashions). When you see the person you need to transfer the money to, simply pull out your wallet, select the desired amount of currency, and physically place it in your friend/roomate's hands.
Old man yells at cloud
The debit card situation is better because it is handled like an ATM transfer which makes the funds instantly accessible to you in your account at your bank. Venmo uses check routing which means it takes a day or more to process and be accessible. Square Cash is the smartest by far.What is the difference if my debit card is linked to the same checking account?