Bunhead [none/use name]cake to finance • edit-23 years ago*Permanently Deleted*trashexternal-linkmessage-square19 fedilinkarrow-up146file-text
arrow-up146external-link*Permanently Deleted*trashBunhead [none/use name]cake to finance • edit-23 years agomessage-square19 Commentsfedilinkfile-text
minus-squareVernetheJules [they/them]hexbear6·3 years agowhy are there so many "send money to friends for free" apps anyways? Venmo PayPal (which owns Venmo) Google Pay Snapchat Facebook Zelle probably more I can't think of link
minus-squarewantonviolins [they/them]hexbear4·3 years agotransaction fees are big business, and feature bloat of an existing social network allows you to better lock in users link
minus-squareVernetheJules [they/them]hexbear2·3 years agoI can see the existing social network part of it. But she you send money to "friends" there's no fee. I guess if they get you to use one app there's a chance you might start a business on it and they'd have you pay a fee then? link
minus-squarepanopticon [comrade/them]hexbear2·3 years agoUgh it's like a vile imitation of an octopus link
why are there so many "send money to friends for free" apps anyways?
Venmo PayPal (which owns Venmo) Google Pay Snapchat Facebook Zelle
probably more I can't think of
transaction fees are big business, and feature bloat of an existing social network allows you to better lock in users
I can see the existing social network part of it. But she you send money to "friends" there's no fee. I guess if they get you to use one app there's a chance you might start a business on it and they'd have you pay a fee then?
Ugh it's like a vile imitation of an octopus