Comment on Venmo overdrafted my bank rather than use the balance in my account
lmmarsano@lemmynsfw.com 3 days agoMore than maybe one. Some also accept deposits through stores. I’ve never used them or needed to.
It was easy to adapt away from cash, and I prefer the safeguards of credit & mobile pay.
A_Random_Idiot@lemmy.world 3 days ago
No thanks, I prefer cash. Credit cards and debit cards can be disabled at a whim. Prone to being fucked up by computer error, don’t work when the internet is down, or during a disaster with no power.
Cash always goes through, though. Cash will always remain king.
lmmarsano@lemmynsfw.com 3 days ago
That’s the beauty: my card goes missing, I can lock it. Unauthorized charges can be reversed. I’m alerted of any charge immediately. Cards extend warranties on purchases & provide purchase protections.
Unless you carry around a huge supply of cash at all times, you’ll be in the same bind withdrawing cash: ATMs & account ledgers run on power & networks.
That’s also a problem: anyone can use my cash. If they steal it, I have no way to disable it, and it’s more difficult to recover. If I lose it, it’s most likely gone.
Not in terms of security or recovery.
I could withdraw cash, and carry it around, but then it won’t earn high interest.