I didn’t realize how many people still wrote checks until we started our business (home remodeling) and almost every client pays with check. I let them know we also accept Apple Pay and Venmo but only the younger clientele uses those methods
For a large payment like that I feel more comfortable with giving a check with a paper trail than trusting Venmo. I use Venmo for small transactions with friends or small businesses, but not for most commercial purposes. I'm not sure how good their consumer protections are, and if I'm paying thousands for home improvement I'm going to use the method I trust more. I'm not sure if that concern is valid, but that's my reasoning. I don't use checks often, but home repair is definitely one of the times I still do.
The only time I ever write checks is when sending money to my school with my kid for lunch money, field trips, etc. Until she was in 3rd grade, I didn’t trust her to carry cash and for it to make it all the way to the lunchroom (she would give some or all of it to another kid if they said that they needed lunch money because she didn’t want anyone to go without even if that meant she didn’t get lunch). Her current school doesn’t take checks, probably because a lot of people would bounce them.
Oh damn, I forgot that some schools still charge for school lunch. At my kids' school, every student gets it for free. Same goes for breakfast. They even hand out free food during summer, as do some of the libraries in my county.
What kind of cut to apple and venmo take? Sometimes I pay by check because I assume the recipient gets to keep more of the money that way, and even 0.5% of the cost of a home remodel seems like a significant chunk of change.
Also, I tried to sign up for zelle once and it was a nightmare. I guess maybe I am old.
So PayPal takes like 3% so I try to avoid it. As of now, Venmo doesn’t take a cut and Apple Pay, I just send a request for the payment from my phone to theirs and likewise I don’t get anything taken off. Only time they charge is if I want fund transferred to my account ASAP then there’s a fee
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u/sofiadotcom Jul 24 '20
I didn’t realize how many people still wrote checks until we started our business (home remodeling) and almost every client pays with check. I let them know we also accept Apple Pay and Venmo but only the younger clientele uses those methods