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Add Venmo Payment Method and Instrument #102

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acetousk
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Just needed to add a Venmo payment method and instrument, so decided to push it upstream. Venmo seems to be more common than PayPal now for more consumer transactions.

@jonesde
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jonesde commented Jan 15, 2024

What do you think about some sort of new payment instrument instead of separate ones for PayPal and Venmo? There are a few of these online peer-to-peer payment companies, and it might be nice to have a payment instrument for all of them. This bothered me originally with PayPal as both a payment method and a payment instrument, but there wasn't much like it at the time. These days there are PayPal, Venmo, AliPay, even Zelle and such.

I'm also not sure of the best term to use for these, maybe "Peer-to-Peer" or maybe "Intrabank" but sometimes that is not fully accurate with these.

@pandor4u
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Does Peer-to-Peer reflect business transactions properly? If so, then it seems reasonable. Also, they're really not Peer-to-peer as they're being routed through big businesses.
Here are some suggestions:

  • Digital Wallet - Paypal, Venmo use the term in their marketing (search their name)
  • E-payment (probably my favorite, made it up myself :) (alt Digital Payment)
  • Fintech

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3 participants