How Reliable Are Payment Apps Like Venmo, Zelle and Cash App?

Payment apps like Venmo and Zelle offer a way to send and receive cash at the click of a button, but how dependable are they?

With greater than 15 million customers and growing, online charge service “Cash App” is enjoying rapid achievement. “Cash App” has emerged as a success tale the various increasingly more-crowded area of payment apps, doubling its active users in a year. One of those clients, Porter Myrick of Chicago’s Pullman community, stated he began the usage of “Cash App” final year.

Myrick has been a protracted-time purchaser of finance apps like Zelle and Venmo, which he uses to switch money to buddies and circle of relatives. In December of last year, he tried a new one–“Cash App.”

 

After a $200 charge he turned into imagined to get hold of went missing, he started fumbling with the app to locate solutions.

“In the center, there’s a tab that suggests me the quantity to be had, after which there’s a tab that announces cash guide,” Myrick stated.

Myrick wanted that guide while he becomes unable to find the $two hundred transfer, but answers didn’t come smooth.

In mid-March, he followed all of the prompts and submitted an inquiry to the customer service middle–however he never heard again.

It seems, his money became sitting inside the app the whole time–he just couldn’t locate it. Myrick handiest discovered wherein his money was by means of gambling with the app for weeks and mastering its nuances.

A response from “Cash App” should have helped him locate his money a good deal quicker.

Myrick said a customer service response could have improved his experience on the app.

Financial analysts like Lamont Black, a professor at DePaul University, said speedy-growing businesses can experience developing pains.

Black stated many new tech organizations like “Cash App” lack the customer support help had to parallel fast growth.

One manner to ensure you recognize in which your money is going while using an app like “Cash App” is to check it out with a friend.

“If you download it and try to use it right now without understanding in which your cash is, it might end up in the incorrect account,” Black said.

A “Cash App” spokesperson advised CBS 2, “Our goal is usually to offer customers with fast and considerate customer support. Occasionally, as in this example, we fall brief of that intention, and we’ll use it as an opportunity to research and do better inside the destiny.”

After Myrick’s debacle become ultimately resolved, “Cash App” managed to ship him a customer support survey.