I need to set up a way to accept electronic payments now that kids are out and that seems the most convenient for everyone. What’s the best way to do this? I was thinking either Venmo or Zelle but I’ve never used either one before. Does anyone know the difference between them?
Electronic Payments
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I use Zelle.
Venmo will not side with you if a parent disputes the payment as it is specifically not meant for business use
Here is another thread about this
One of the posts explains the down side to Venmo
So I think I discovered today that I am old school in how I receive payments even though non of my parents have every said anything. So I was wondering the ways you receive payment from your parents that does not charge you a fee that is easy. I was told about Venmo and Cash? anyone familiar or have any other ones you use that- Flag
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For example my bank is "Provider's Bank" and isn't on the list but "Parents Bank" IS on the list so they can send me funds as long as they have either my email address OR my phone number that is connected to my bank account.
I also send money to my daughter who banks at Wells Fargo (they DO participate).- Flag
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Originally posted by samlarsonVenmo is the best choice and their support could help you during the setup process
If you use it as a business there is a charge.
I like the convince of electronic payment but there are risk associated with it.- Flag
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