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I actually had a cs rep at my bank suggest using Zelle to send money directly to someone's account using their routing number ?? Not sure I'd feel at all comfortable giving someone my routing numbers, so I'd be equally apprehensive asking someone for theirs.
Then another friend mentioned having used Pirate Ship. Never heard of either so any info appreciated.
Thx
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12-15-2022 07:13 PM
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Though I am not familiar with either service, I wouldn't not be comfortable trusting a company called "Pirate Ship".
Tony
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About as safe as letting Captain Hook have a go on your vintage L5.
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Originally Posted by grahambop
Just curious - -a buddy said maybe not for instruments, but packages...But I agree - - how'd they ever decide on that name ?Last edited by Dennis D; 12-16-2022 at 01:35 PM.
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Like how did people ever buy crypto from a guy whose name is really close to Bankman-Fraud?
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is this a common joke or do you also watch The Colbert Late Show? Originally Posted by Flat
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......Of course, if you believe that crypto is nothing but ' rat poison ', ( Charlie Munger ), then the name of the guy selling it doesn't matter much....
: )
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I used Zelle to pay a contractor a few weeks ago. I accessed it through my own bank account online (from the "Transfer" tab) and all I needed to transfer money to him was his phone number and email address. Originally Posted by Dennis D
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I use Zelle all the time, though only for relatively small amounts so far. I've never needed routing and account numbers. Just name and mobile phone.
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Whenever I use PayPal I have to first reassure myself that that scumbag Musk is no longer associated with it.
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Ha! I am a big fan of Musk (I guess you lefties are unhappy that he has taken away your ability to cheat in American elections). Originally Posted by BigDaddyLoveHandles
Paypal is a necessary evil, but I do not let them go into my bank accounts. All purchases go through my AMEX card and when I want to withdraw money, I have them send me a check and pay the $1.50 fee.
I was set up with Zelle, but rarely used it and they turned off my account. I am leery about all of this stuff. These big companies can say that they will guarantee against theft/hacking/fraud etc., but how long will it take to be made whole in the event of a loss? How much will it cost to sue them if they do not? Of course, banks could fail etc. I suppose we are all at the mercy of the banksters to some degree.
At some point, I will reinstate my Zelle account and even start a Venmo account. For those of us who play music for a living, we have to take payment in whatever form those who are paying us use.
Oh and back to Musk, while you lefty/socialist types gripe about global warming it takes a fellow libertarian like Elon Musk to actually do something about it. You cannot change the weather by raising taxes.
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Routing numbers are not secret. They only identify the bank, and banks make them public. I use Zelle a lot, to pay the guy who mows my lawn, and for other things. All that is necessary is for your bank to use it, both parties have it installed, and each other's phone number. The recipient really doesn't even need your phone number. No bank info is needed for that. Perhaps Zelle can send money to another bank account using routing and account numbers, but I've never done that, just a phone number. I suppose the bank info is stored on the phones. I have my bank's app installed, and use it all the time, and Zelle is included in the bank app, no separate app needed for it. As far as I've been able to determine, Zelle is as secure as your bank. The only glitch could be that once you send the money, it's gone, and the bank won't reimburse you if you sent it to the wrong person. Know who you're sending to, and the app explicitly warns about that.
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Soon it will be all venmo/zelle/insert digital fiat currency here. Some gigs even want to pay by those methods now. Sorry, cash or check only. No legitimate business says "we pay by venmo". I did one such gig and had to chase down the money after the fact. Not interested.
In the future it is a guarantee all transactions will be digital payments and if you don't dot your I's and cross your T's and consume whatever poisonous snake oil you are ordered to take you won't be able to access those funds. As a bonus, greedy overlords also want to make sure every penny of tax revenue is collected post haste and digital payments are the key to that.
"I'm sorry, our computer shows you've violated your social contract and your funds are no longer available for access. Have a nice day."
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Must be common. I've been overseas for a few months and haven't seen Colbert for a while. Most likely I read it somewhere. Originally Posted by AllanAllen
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Musk was involved with Paypal in some way? He always seemed like kind of an asshat to me, but this latest stuff with Twitter makes me think he's actually losing his mind. Anyways... Originally Posted by BigDaddyLoveHandles
As for crypto, it was sort of interesting when it started out, but then I noticed it was being used for a lot of pump and dump scams. And the crypto-mining drove the price of good GPU cards out of reach. This latest bit with FTX and Alameda Research makes me glad I never delved into it.
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For the last few months I've been listening more and more to the Bitcoin Maximilists. They draw a clear distinction between Bitcoin and everything else. They can be a bit cultish. However, when somebody like Cory Klippsten explains precisely how the pump and dump schemes work you begin to understand how Bitcoin differs from Altcoins. Most, if not all, Altcoins (aka shitcoins) are pump and dump scams. Bitcoin is significantly different. Originally Posted by strumcat
What Sam Bankman-Fried did (FTX and Alameda Research) is plain old fraud and blatant misuse of customer funds. It has nothing to do with whether or not crypto itself is valid.
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My wife has been working in the financial services industry, watching and modelling markets for around twenty years. She wouldn’t touch crypto (including bitcoin) with a bargepole.
A lot of people may get lucky and make out like bandits. Many will lose their shirts.
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Zelle is commonplace. It’s nearly on every bank app. I use it once a month, and it’s a nice convenience.
However, I’m not sending a payment to a stranger for an advertised guitar or audio gear which I commonly see today. There are too many scammers out there for that! Anyone can post pictures.
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I don’t think that’s correct. Cryptocurrencies are intended to work outside of traditional financial institutions and regulations, and they are marketed aggressively to people who are financially naive.This makes them fertile ground for fraud of various kinds in ways that traditional financial products are not. This is as true of bitcoin as it is of of other coins. Originally Posted by Jack E Blue
An obvious, real world example that happens a lot. If someone hacks into your bank account or steals your credit card number, the bank will limit your loss. If someone break into your Coinbase account and steals your bitcoins, they’re gone, and Coinbase won’t help you. Even worse, if the thief uses your credential to trade on margin, you are on the hook for that. This happened to someone I know.
You could argue that this is not a feature of blockchain, or a particular coin, or encryption itself, but of the behavior of bad actors in the market. But in practice you can’t really separate the two.
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Same, Zelle is fine, imo, so long as you’re 100% certain of who you’re sending to. There was a piece in the news a while back about scams thru Zelle and thanks not reimbursing victims for the scam, but it was pretty much people pretending to be someone other than themself, and the victim thought they were sending money to a friend or whoever. The bank’s position was that because the victim deliberately sent the money it was the victim’s responsibility, not the bank’s.
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I don't use Zelle to pay anyone I don't know, nor for large sums. Family members use it to reimburse each other for stuff, I pay the lawn guy, and some use it to split restaurant tabs, etc. I likely wouldn't use it to transfer large sums, anything I would be uncomfortable losing. Common sense is always necessary, and it has to be used. I would have no problems sending money to someone I know, but not to strangers. Every time I send money with Zelle, the bank app asks if I'm sure I want to send it, and warns against sending to anyone I don't know. Every time, every transaction. I don't mind the extra taps on the phone screen. I think Venmo is probably as safe, but I have no experience with it. I already have all the ways to send money that I need.
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My bank just mentioned Zelle again, so before I get into it, do they require an active cell, or can I use a computer ?
Thanks for all the responses !
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I don't know about your bank, but mine lets me do anything on any device. I can send by Zelle on my phone, computer, or tablet. I tend to do it by phone, because that's usually handier, but not always.
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I've used Zelle a few times with no problems. Also Google Wallet but not sure it's around anymore. Don't use Zelle unless I'm sure who I'm dealing with.
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When I paid the contractor I just used my laptop. I had never used Zelle before. He had me send $1 first to be sure everything was correct. Then I sent the balance. There were no problems. It was easy and convenient. Originally Posted by Dennis D
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