We have Zelle in the US, but it’s not the same as PayPal. At its simplest PayPal is just a way to send money from one entity to another, but it does a lot more than that. It has escrow and fraud protection (debatable if they do a good job at it). With Zelle it’s much more like handing someone cash. There have been some instances of fraud resulting in reversed transactions but those are big deals not your everyday scams or unreliable sellers.
Because PayPal and Venmo has been shitty a lot, Zelle is gaining a lot of use. I pay my rent with Zelle. Buying or selling stuff on craigslist or marketplace I’ll use Zelle if it’s more than like 40 bucks. It’s nice as a seller because there is no way to reverse the transaction after the fact.
We have Zelle in the US, but it’s not the same as PayPal. At its simplest PayPal is just a way to send money from one entity to another, but it does a lot more than that. It has escrow and fraud protection (debatable if they do a good job at it). With Zelle it’s much more like handing someone cash. There have been some instances of fraud resulting in reversed transactions but those are big deals not your everyday scams or unreliable sellers.
Because PayPal and Venmo has been shitty a lot, Zelle is gaining a lot of use. I pay my rent with Zelle. Buying or selling stuff on craigslist or marketplace I’ll use Zelle if it’s more than like 40 bucks. It’s nice as a seller because there is no way to reverse the transaction after the fact.