[habosa]

I already have a way to send money for free to any of my Facebook friends: Venmo.

I have had Venmo for about 4 years now (it started at my school so we were early) and it is tied with Lyft for the startup I could not live without. Last year I sent ~$8,000 and received about $8,500 on Venmo. So a $500 diff but the amount of time it saved me versus transferring that $16,000 any other way is many, many hours.

I don't think Venmo does too well as a business (processing cash for free for years can't be good business) but they have nailed the user experience.

[joshstrange]

I love Venmo and use it with a number of friends but I'm getting sick of the "Do you have Venmo? No, Ok PayPal? No, Ok, well I can setup snapcash if you have it setup? No, ever heard of square cash?....." As much as I hate caving into the "Almighty Book of Faces" I will probably enter my card to help facilitate payments with friends. I use Venmo to pay my parents for loans in their name, for my sisters sorority dues, for pizza, beer, etc. I will keep Venmo for sure and prefer it over FB Pay but I'm really worried FB is going to kill Venmo with this move....