Venmo?

Rickochet · 2025-07-18T22:24:41+00:00

Anyone here have an opinion about Venmo? Have been using Paypal for many years with no issues. I have a local yard maintenance dude going to do some yard s...

LBlack14

Oh, I only do PayPal. Have had it since '03, iirc.

Par4QC

LBlack14 I used to ALWAYS carry cash and usually plenty of it. Then I got clean.

Same here Brother!!👍

LBlack14

Par4QC Not sure what that's insinuating, but whatever.

stroh

Birdsboro I'll never understand how people don't walk around with at least $20 in their pocket.

I'm married with 2 kids.

sdandrea1

I didn't have any cash in my wallet until all my kids were grown and on their own. I carry my maybe $50 now at the most.

Birdsboro

I personally always have a couple hundred dollars in my pockets. I find that often you can still get a better deal on something if you flash the cash. I've been to places (rural) that simply cannot connect to the outside world and cash is the only option. Heck i have about a hundred Canadian in my wallet, because i never know when the urge to cross the border will strike me.

Bravopilot

Birdsboro Same with Las Cruces, there are many that do not take credit cards. Many do not charge tax if you pay in cash.

Walterjn

Birdsboro I prefer to use cash, and not my debit card for anything under $20.00, and in person. Venmo, zelle, PayPal, I'll happily use for buying something off another forum member.

Bravopilot

Walterjn I prefer credit card for everything as it increases my rewards program. I took my son to Germany and Switzerland for 12 days this year with rewards. Both flights and hotels.

KCee

During golf season I always have cash. Our group is mainly older so we bet with actual money. Also if you want to bet at big tournaments that's still cash only. Come winter I may only have a few $$ in my wallet.

azgreg

What's this "cash" you guys are talking about?

KCee

azgreg

Walterjn

KCee methinks that might be the wrong kinda cash...

KCee

Walterjn Oh it's definitely wrong.

sdandrea1

Walterjn methinks that might be the wrong kinda cash...

That cash is wrong in SOOOOOO many ways. 🙄🤣😎

Walterjn

KCee is it counterfeit??

KCee

Walterjn 100%

[deleted]

rsvman2 100%

jrock

Par4QC Reporting Requirements: Venmo is required to report payment activity to the IRS if you reach the reporting threshold. For the tax year 2024, this threshold is $5,000, but it will drop to $600 in 2026.

Par4QC Well, forget about all that. The new tax law repeals that revision and reinstates the 200 transactions/$20,000 threshold rule.

Hey @Par4QC I was wondering about this. It seems you posted 2 different things here. Do you know which one is correct?

Par4QC

jrock Latest post is current.
Had to do some checking after posting the 1st because it was just recently changed.

I'll (did) delete that 1st post to save further confusion.

Par4QC

Bravopilot I prefer credit card for everything as it increases my rewards program.

I'm running into places that now are adding their fees (iirc, 3.5%), if paying with CC. Offsets any rewards, or most of such.

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