> money goes directly between checking accounts
Some see this as a disadvantage of Square Cash--they say individual transactions clog their checking account statements, they prefer to withdraw a consolidated amount from their Venmo balance.
Some see this as a disadvantage of Square Cash--they say individual transactions clog their checking account statements, they prefer to withdraw a consolidated amount from their Venmo balance.
I don't like to have random balances on money-transfer startups' system, especially since it's uninsured.