Chris Elliott had an amazing publish lately on why you must by no means ship cash to strangers with a cash switch app tied to your checking account. Learn the entire story to see the instance (lengthy story quick: a lady misplaced $1,300) however the concept is that apps like Venmo are designed for paying family and friends rapidly, and that’s what you must use them for. You don’t need to buy something by way of them in the event you can keep away from it, and also you particularly don’t need to buy journey. Why? As a result of with these apps, your cash isn’t protected the way in which it’s whenever you pay with a bank card. As Chris states, “The Truthful Credit score Billing Act protects shoppers who use their bank cards to make funds to retailers. If a service provider doesn’t present the products or providers as agreed upon, you’ll get your a reimbursement. Sadly, in the event you use your debit card or direct withdrawal out of your checking account, you’re not protected.”
Associated: Journey App of the Week: Venmo
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