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Author Topic: Bitcoin vs Venmo  (Read 1821 times)
DimensionZ
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January 21, 2016, 12:39:25 PM
 #21

Thanks for the clarification I didn't know they used second hand gift cards to provide the cash for the exchange. By the way do you pay the shipping costs to your respective country or it's free of charge?

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January 21, 2016, 12:42:03 PM
 #22

Thanks for the clarification I didn't know they used second hand gift cards to provide the cash for the exchange. By the way do you pay the shipping costs to your respective country or it's free of charge?

yes you need to pay the shipping cost, but since this is amazon, we are talking about, most of the time the cost are free, if you ever used amazon(with fiat) you should know this

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January 21, 2016, 02:17:01 PM
 #23


Wire transfer fees charged by the 10 largest U.S. banks:
Banks                    Domestic - Incoming   Domestic - Outgoing   Foreign - Incoming   Foreign - Outgoing
Bank of America               $15                     $25                           $16                            $45
Chase                       $15                     $30                           $15                            $45
Wells Fargo                       $15                     $30                           $16                            $40
Citibank                       $15                     $35                           $15                            $45
U.S. Bank                       $20                     $30                           $25                            $50
Capital One                       $15                     $25                           $15                            $50
PNC Bank                       $15                     $25                           $15                            $45
TD Bank                       $15                     $25                           $15                            $40
BB&T                               $15                     $25                           $18                            $65
SunTrust Bank               $15                     $25                           $30                            $50
AVERAGE                       $15.50                     $27.50                   $18.00                    $47.50


im not american.. im british.. and shocked that the US banks charge for that.

explains why america hates banks so much but loves bitcoin. but the uptake of bitcoin is slower in the UK
because we have had instead wire transfers that are free, for years. and easy userfriendly apps like Pingit

Why are you shocked? 

Most ordinary people don't use "wire transfers".


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January 21, 2016, 02:21:49 PM
 #24

But you can use Purse.io only for products. What if you need that extra cash for emergency reasons? What will do then to convert bitcoins to money?

Because people too lazy to learn about bitcoin, they know it but not to use it. And they prefer to fiat than bitcoin.
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January 21, 2016, 02:25:11 PM
 #25

I wonder if Venmo works with Bank accounts out of U.S well. While I was trying to sign up I noticed it didn't allow me to enter a Non US phone number, so I'm guessing this isn't really beating Bitcoin. Bitcoin is usable globally.


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January 21, 2016, 02:46:29 PM
 #26

can not be compared between venmo and bitcoin , because each has its own advantages .

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