Venmo Halts New Developer Access To Its API
techcrunch.com
techcrunch.com
"Drivers, dog walkers, handymen" are mentioned but author doesnt include an actual example - those were all examples supplied by Venmo itself...3 years ago. Who are the developers hes talking about when he says "community that stuck with Venmo"?
And finally, unlike Twitter, which has an plethora number of ways to be consumed, searched and experienced that would be better as different apps - Venmo does not. Its just a P2P payment system.
The way I see it, Venmo has accomplished the following -
1. Deprecated old features (save resources, reduce complexity)
2. Found new way of building profitable and sustainable relationships w other businesses, rather than just a wild west API.
Terrible read, file this under- "How TO Run a Platform"
Sounds like that's basically what they did.
https://twitter.com/williamready/status/703349746992197632
> The @Venmo API is still available to existing users
See this tweet from Venmo:
https://twitter.com/venmo/status/703353293326655488
> Don't worry, the Venmo API is still available to existing users, we're just not accepting new beta users for now.
> Venmo seems to be confused. According to statement below from Venmo and the message on the developer site, the API is no longer available. But now Venmo tells me the API is still available to existing developers, but not to new ones, which can be a sign of an impending shut down. We’ll update with more info soon once Venmo figures itself out. Parts of this article have been changed for accuracy.
This is because Pay with Venmo is already available through Braintree (who acquired Venmo):
It could be that they shut down the api because of the difficulty of doing compliance for these third party apps, after falling under greater scrutiny by government regulation.
Or perhaps there was a specific incident that they're trying to get ahead of:
-hypothetical-
maybe the San Bernardino phone the FBI is trying to crack has Venmo transactions through a third party app that are now under scrutiny.
It is quite literally as easy as typing a friends name and having it auto completed. Typing in a number and hitting send.
Paypal might have an app that does something similar and it likely came after Venmo gained popularity. For most of us, who have been using Paypal since the 2000s, it might not seem logical, but Paypal UI experience does seem like an archaic UI experience by comparison even to me.
I can easily search for a friend, and send them money right away. In addition, you can request money from people.
It's really easy to split groceries, utilities, and other bills with roommates and friends.
As of now, I don't disagree. PayPal has successfully adopted most of the best parts of Venmo (though time to receive money remains the slowest of all the competitors) and Square Cash is miles ahead of both of them - the ability to send money to people who don't have an account, and allowing them to access that money without creating an account is simply fantastic. No more conversations with friends like "Look, I'm sorry I don't have cash right now. You can wait, or you can download Venmo and let me pay you now."