Poll: what payment app(s) are on your mobile phone and you use or would use? (1 Viewer)

What payment app(s) are on your mobile phone and you use or would use to send money to other people?

  • Total voters
    55
dkersey

dkersey

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I really believe that carrying cash will be so 20th century in a few years here. Personally I don't carry cash at all normally. I typically have 1 credit card and 1 debit card on me. The ONLY time I need cash these days is to go play poker at a home game. It seems like accepting buyins/addons with a mobile payment app, and then paying out to the penny the same way is the way to go. And it avoids the all ATM excuses. It also helps mitigate the security exposure of having lots of cash on hand.

The question is what payment app(s) are on your mobile phone and you use or would use to send money to other people.

Please don't start with cryptocurrency. That is a whole other topic. Assume USD.

Ignore the "(no P2P)" tags in the options. Bad information. And it won't let me change the option text.
 
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I love Samsung pay. I forget my wallet and I don't care because I always have my phone. Has saved my ass many times when I get through a store and realize the wallet is at home or in the car.
 
I always have cash on me.... mostly because I play poker a few times a week. If I didn't I'd probably only carry a debit card. People bring cash to my game but after a few bust outs I get quite a few PayPal and Venmo payments. I like the idea of going all mobile payments, although I do have a couple older guys in my game that would never get it. Hell, they don't even text.
 
I just read the question again. Why are there (no P2P) options if you are asking about sending money to others? Paypal or Venmo is probably best for that.
 
saleen121212 said:
I just read the question again. Why are there (no P2P) options if you are asking about sending money to others? Paypal or Venmo is probably best for that.
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Well, the source was mobile payment apps which made this distinction, so I thought it would be helpful. Technically you are correct. However, the information is not accurate...things change ya know. At this point, just ignore the "(no P2P)" tags. I'll try to remove if I can.
 
dkersey said:
Well, the source was mobile payment apps which made this distinction, so I thought it would be helpful. Technically you are correct. However, the information is not accurate...things change ya know. At this point, just ignore the "(no P2P)" tags. I'll try to remove if I can.
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I was just curious. Not trying to be mean or anything. I still prefer Samsung pay for using my card in a store when I don't have my wallet, but for transferring money at a poker game def paypal or venmo.
 
Canada has e-transfers which are peer to peer and just use the banks. I can send e transfer from my bank to anyone elses bank account just using phone numbers/emails. Pretty much everyone uses this for basic transactions and even craigslist pick ups etc.

Depends on your account but for me there are zero fees.
 
Lemonzest said:
Canada has e-transfers which are peer to peer and just use the banks. I can send e transfer from my bank to anyone elses bank account just using phone numbers/emails. Pretty much everyone uses this for basic transactions and even craigslist pick ups etc.

Depends on your account but for me there are zero fees.
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Most banks here have Zelle or something similar where we can send like that also.
 
Starbucks is the only financial app on my phone. If necessary, I can get to my PayPal account through Chrome. I usually have some emergency cash in my wallet, but my credit and debit cards are my usual means of payment.

For poker games, it's strictly cash in and cash out. Cash is anonymous and fungible, perfect for poker.
 
Poll needs a "none of the above" option. I don't have any payment apps on my phone. I have a PayPal account, but not the app. I would not use PP to buy into or cash out from an in-person home game unless I absolutely had to do it. (And by that I mean an exceptional case in a game that normally deals in cash. I would not attend a PP-only game at all.)

Anti-cash people crack me up sometimes. In a few short years, it has somehow become an intolerable burden to carry cash so that you can handle small transactions hand-to-hand, without creating a paper trail or relying on a third party to move the numbers around. You mean I have to keep a few slips of paper in my wallet, weighing maybe an ounce or two total? The humanity!

Meanwhile, despite the convenience of cards and e-wallets, sometimes they're just not the best choice to settle up a transaction. Poker is a great example. Lots of poker players do not want to buy in or cash out digitally. We don't want to have to screw around in our phones every time we buy in or rebuy. We don't want financial institutions to create permanent records of our poker transactions, tied to our personal information and SSNs. We don't want to be exposed to potential TOS violations that could freeze our funds. We don't want to have problems cashing out immediately due to account issues or whatever. Cash is so much simpler for this purpose.
 
I have Venmo and PayPal on my phone but mainly use them for receiving money in my business. I do send money through them occasionally, but really only for chip transactions or eBay purchases, and that's almost exclusively through PayPal via a web (not app) interface.

Regarding poker, I used to accept Venmo and PayPal (but only because it was a last minute request by a player), and it was a pain in the ass at cash-out trying to Venmo various amounts to various people. After that game I created a firm rule of "Cash only for buyins - no Venmo - no Paypal." I actually made one guy leave and go to the ATM after the new rule was implemented, I'm that serious about it. No exceptions whatseover.

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What @Jimularcrum said, in its entirety. I’m almost never out of reach of a computer, and I don’t need financial stuff — especially apps — on my phone.

I do carry at least two credit cards (in case one hiccups when I’m traveling, which happens all too often) and one debit.

And there are still times when you *must* have cash, particularly outside the US.
 
Jimulacrum said:
We don't want financial institutions to create permanent records of our poker transactions, tied to our personal information and SSNs. We don't want to be exposed to potential TOS violations that could freeze our funds.
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This is an interesting concern. For home games, the money movement is from Bill to Steve. It is not a poker transaction. It could be for Girl Scout cookies for all the banks know. It would be different if you moving money to "Guido's Underground Poker and Other Shenanigans Room".
 
I know very little about computers and our phones these days. I'm a little paranoid when comes to having this info where anyone can steal/ lift or easier than they can normally. If my phone is stolen I can only assume the right person can lift all of my info off of it and I could be out tens of thousands of dollars. Call me paranoid but I have no payment apps on my phone. My bank harasses me about downloading their app and I refuse. We have one computer in our house that we use for online shopping and banking and the kids are not allowed on it because I'm convinced they could unknowingly download some type of hack. As for cash I'm still old fashioned in that aspect and I usually have several hundred around
 
RowdyRawhide said:
I know very little about computers and our phones these days. I'm a little paranoid when comes to having this info where anyone can steal/ lift or easier than they can normally. If my phone is stolen I can only assume the right person can lift all of my info off of it and I could be out tens of thousands of dollars. Call me paranoid but I have no payment apps on my phone. My bank harasses me about downloading their app and I refuse. We have one computer in our house that we use for online shopping and banking and the kids are not allowed on it because I'm convinced they could unknowingly download some type of hack. As for cash I'm still old fashioned in that aspect and I usually have several hundred around
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People can't access my phone without my finger print. Pretty secure, I just need to set up PayPal on it and use finger print sign in and I'll be good.
 
dkersey said:
This is an interesting concern. For home games, the money movement is from Bill to Steve. It is not a poker transaction. It could be for Girl Scout cookies for all the banks know. It would be different if you moving money to "Guido's Underground Poker and Other Shenanigans Room".
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I don't think the concern is Bill to Steve, or even Guido's Poker Room, it's simply the numerous amount of electronic cash transfers in such a short period of time on your bank statement.

You're going to have payments of $100 each from Bill, Mike, Walter, Joe, Bob, Dan, John, Carl, Mark, Chuck, Kyle, Lou, Rob, Ben, and Gabe over to Brian at 5pm, and then 6 hours later, payouts of differing amounts from Brian to Bill, Mike, Walter, Joe, Bob, Dan, John, Carl, Mark, Chuck, Kyle, Lou, Rob, Ben, and Gabe.

If you ever get audited, you're gonna have some splainin' to do.
 
I've had my credit card set up in Apple Pay on my phone for a while but have only just recently began using it. I think it was just habit for me to pull out my card. But I love having it on my phone, as its quicker to pull that out and tap it on the card reader than it is to pull out my wallet, find the right card, then put it away.
 
I use Venmo and PayPal near daily. Fundraising, wife’s business, fantasy football league, and poker “fronting”. I’d easily have $600 to $1200 a game sent to me in early buy-ins, rebuys, you name it. I have zero worry about TOS because it’s not different that splitting a dinner, movie, or Uber. If Joe sends me $200 because he doesn’t want to run out the ATM and I hand him $200 in cash that he uses to buy into poker, there’s nothing that I’m afraid of. Guys put the most ridiculous shit in the comments - sexual favors, blow jobs, or whatever funny comment they imagine up.

Also I don’t see the reason to pay with cash anywhere. I use an airline credit card, if I’m buying a pack of gum and the store allows it, it’s going on my card. I almost always carry some cash, but I’m not spending it unless I have to. I don’t mess around much with Apple or Samsung pay, but I do use the Starbucks app. I just find the credit card that much easier. Sure I’ve had issues in the past where we’ve had fraudulent charges, but I’ve never had an issue resolving that involved more than a mouseclick or a phone call where they called me. It’s 2018 - embrace technology. Except crypto currency- run away from that shit as fast as you can.
 
I've recorded every single financial transaction in my life since 2001 into Microsoft Money. I can tell you how much I've spent on my wife each year since then, by merchant.

Using cash lets me record one withdrawal for $100 which I theN spend on incedentals without a stack of receipts to record and reconcile. Big time saver!

The CDO is real for me.
 
I don't carry a modern phone. My cell phone is in use maybe 15 minutes a year and on for 48 hours at most. I don't like to be tracked, traced or anything of the sort. I don't like my access to funds totally out of my hands. How screwed would you be if your cards and financial services just got turned off?

Sure I use paypal when needed. I use credit cards too. But cash is handy and is somewhat less vulnerable to getting "turned off" i.e. getting stolen.

10x this regarding poker. I am not creating a tracking system that insures the losers have a detailed record of their failures. I don't want to link my financial history to that of everyone else in the game. What do we do if the host gets cut off from the money? I have been frozen by paypal before as have a number of people.

Lastly, you are creating a taxable set of transactions. Sure, you have your side of the story but that contractor who paid you from his builder's account filed HIS taxes saying the $2,100 paid to you via e-transfer was a business expense. Now it is three years later and you get an IRS notice saying you failed to file a proper accounting of your half of the transaction. And the way the builder remembered it is going to be difficult to disprove.

It is true the same thing could be done in a cash transaction. But no receipts, no paperwork, no records make it a lot harder to pursue.

Just say no -=- DrStrange
 
Drive to a ATM, hope you remember your debit card (which if lost and someone withdraws money from your bank may not reimburse), or just press some buttons on your phone... hmm... tough one.

Worried about the man tracking your poker? Don’t put “I WON THIS MONEY IN AN ILLEGAL POKER GAME AND WILL NOTBE REPORTING IT TO THE IRS”. Putting “take-out” or “groceries”, or anything but poker will help avoid any issues without much or any effort.
 
I’ve always had PayPal but have since added Venmo and Apple Pay for players that borrow money. I’m okay with whatever they want to use as long as the money shows up!
 

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