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Comment by Larrikin | Hacker News Reader

With Zelle finally rolling out properly to the big banks, I've started slowly converting friends and family away from Venmo. No need to have money flowing through PayPal and unnecessarily risk it being frozen for arbitrary reasons.

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I wish they had a better app experience. For me, it's a pain to sign into the Wells Fargo app (partly because I have enabled SMS authentication) just to transfer money to someone for lunch - and once you're in the Wells Fargo app, the Zelle functionality is not that obviously labeled. I wish they had just made a "Zelle" app that stays signed in for payments less than some threshold, and syncs your contact lists, etc. I too would love to kick out the middleman if possible but you have to make it easy enough for average users to use, and right now that's not the case.

(I still have yet to actually use Zelle, because I don't know anyone who uses it, but I've tried going through the workflow a few times)

You're not reading the ToS if you think your bank has less chance to freeze your funds than PayPal/venmo

Last I checked Zelle didn't allow you to link to a credit card. Is this still the case?

They're supposed to be releasing an app sometime this week, but all the literature I read makes Zelle out to be a connection between bank accounts with debit cards being a work around. If credit cards were allowed, like on Venmo, I assume there would be a fee involved to prevent point churning. If that is the case why would you want to link a credit card?

Is there any payment service like Zelle or Venmo that allows credit cards without a fee?

That would not be possible. Credit card companies enforce this fee, i.e. Venmo has no choice.

Meanwhile, most credit cards give points on dollars spent. If the fees are waived, you and a friend can make a lot of free points. Basically crazy arbitrage would ensue and the program would be ended instantly.

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