[HaloZero]

You then have to write out a check to the right person, the amount, the other person has to sign it and then take two pictures. Venmo just reduces all of that to. Send $10 to X

[toomuchtodo]

Perfect example of the HN bubble.

[morgante]

You're the on in the bubble. Young people don't write checks. Full stop.

[avn2109]

Agreed. I am a millenial and I was super pissed when I discovered my new landlord required me to pay by check. Mostly because this required me to figure out how to get checks from the bank.

[nommm-nommm]

"Super pissed?" Really?

Unless you have some sort of obsolete bank then paying your landlord by check is just as easy/fast as any app.

This is how I pay rent:

1) login to bank website

2) click bill pay

3) put in amount in the right place (this was previously set up)

4) Click make payments

The bank then mails your landlord a check. You can even schedule payments automatically.

If get a new landlord:

1) click add company or person to pay

2) click person

3) Enter person's name, address, and phone number.

4) Click add person.

And do you expect your landlord to pay a premium to take a credit card?

You can also pay every one of your bills at the same time (credit cards, loans, etc...)

[toomuchtodo]

Why would you be super pissed? Accepting credit cards costs the merchant 3%, a substantial amount for the amount charged by a landlord.

Which is why check payments dominate larger transactions. Merchant fees are expensive compared to an ACH check fee (25 cents tops).

[mojowo11]

Yep, I bet Venmo processed $1.6 billion in transactions in the last quarter of 2014 entirely from Hacker News users.

EDIT: Oh, apparently we're going to talk about their business model now instead. Jeez, it's hard to keep up.

[toomuchtodo]

$1.6 billion in transactions, and they're still not profitable (backstopped by Paypal's profits).

Good luck with that long term!