I didnt have the patience to read to the end but it seemed poorly written. How does the scam work exactly? Is it a technical loophole or something to do with the quoted policy?
1 - anything other than 'money to friends', and Venom says "that's a business/commercial transaction" and reserves the right to cancel/freeze/reverse or otherwise not support it.
2 - as it happens, sure enough, beyond that, the transaction was reversed when the other sides bank NSF'ed the transfers.
Neither, really. You're technically not allowed to do business on Venmo. The intended use case is to send money to people you trust. If someone sends money they can always get that money back by claiming the recipient violated terms or something.
The main use cases are for people who are Facebook friends. I really can't fault Venmo too much here because they only deal w/ money. To me, they technically did their job. They protected the people that send the money, not the people who receive.
If you use this platform for potentially sketchy transactions, I'd say it's on the user to protect themselves. When I sell anything on Craigslist, it's always cash only. Even then, there are no guarantees.
1 - anything other than 'money to friends', and Venom says "that's a business/commercial transaction" and reserves the right to cancel/freeze/reverse or otherwise not support it.
2 - as it happens, sure enough, beyond that, the transaction was reversed when the other sides bank NSF'ed the transfers.