Makes sense. I hate selling anything because of fear of getting scammed so I only use these apps to transfer funds for things between friends.I would never use any electronic payment service when selling locally - especially for high priced items. There have been a few articles and news stories about people buying expensive things and then contacting their bank before the sale clears so the money doesn’t actually transfer. I guess with some services, it shows the money in your account but it technically hasn’t been transferred for a while. This is not well known because it would crash the use of the service. If you can’t pay cash, I’ll go onto the next guy - or gal.
I’m sure there are folks who would understand the programs well enough to avoid this ( like somehow confirm they are paying with Venmo cash inside the app instead of linked bank sources) but this all swings back to why I just trade in most of my devices. It just takes one scam or a couple cancelled meet ups to no longer be worth the extra $150.
Did you mean to say “protect the buyer WAY less than the seller”? That stinks.All of these payment providers protect the seller WAY less than the buyer. It happened to a friend of mine selling a MacBook. They met in person, buyer made a Venmo payment, it popped up on my friend's phone. He gave him the laptop. The next day, the money goes away. Buyer cancelled the payment through their bank and Venmo gives zero ****s. No way to find the buyer because they were using a fake name and burner phone. He's out $1500.