Quote:
Originally Posted by Jason14h
I am completely amazed how many people on this site didn’t know that other countries can’t transfer money like Canada does
Wait till you find out Interac is actually a non profit and isn’t run by the banks nor the government
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I use Venmo, PayPal, Zelle in the US and Interac in Canada and I prefer the Venmo approach over Interac.
The tech behind Venmo and PayPal seems to be much better than Interac. Interac seems to take at least 30 minutes to transfer money where as all the transfer apps in the US are instant. And for a long time, Interac transfer cost a couple bucks (I think it used to be $2 per transfer) where as Venmo has been offering free transfer between friends and family for a long time.
Venmo and PayPal are 3rd party apps so you don't need the bank to support transfers through these apps. Zelle is integrated to the banking apps so that is closer to Interac.
On Venmo, you can search for people by name or username so if the players didn't set their account to private, you could potentially find them on the app.