Ok, so you’ve got your mobile cash payment app, whether it be Venmo, Zelle, or CashApp. You’re super excited to finally get your old cheap Uncle who somehow fingal’s his way out of paying his share of the bill. No doubt, cash apps which allows us to request and send money, makes instant reimbursement easy with the push of a few buttons. But, as with anything new, you should be aware of the still developing etiquette for cash app payments. Here are seven pointers to insure that you don’t embarrass yourself:
- Reimburse Promptly: Don’t wait until your friend requests for reimbursement of last night’s dinner. Pay her back as soon as possible because nobody likes hounding others.
- Announce What Each Person Owes and Round Up: Help out your friend who’s paying the group’s bill by announcing that what you and everyone else owes to your paying friend. Round the amount of reimbursement to the nearest dollars so it’s easy for others to remember, and shows that you’re not a cheapskate.
- Don’t Tell Someone Else to Download a Payment App: If someone is not on your payment app, don’t tell her to install the app while splitting the check. This is putting her on the spot and most people are sensitive when it comes to talking about money.
- Don’t Be Left Behind, Start Using Payment Apps: On the other hand, if you’re the last of the Mohicans to use a payment app, don’t wait and join the bandwagon. You don’t want to be left behind with new technology; you know it only becomes more complex to use. Besides, it will save you a lot of time going to the ATM.
- Remember to Treat Friends or Family Ever Once in Awhile: Don’t forget to “treat” someone when it’s a special occasion or just because. With payment apps making it so easy to split checks, there seems to be less of people putting their credit card down and saying, “This one is on me”.
- Don’t be an Indian Giver If You Offered to Treat Everyone: This may seem obvious, but since this has happened, it’s worth telling you that in no circumstance should you ever send a request for money the next day. If you offered to treat your group, don’t renege on it the next day and be an Indian giver. This is not cool and it will cement your rep as a cheapskate.
- Sending Money Through Apps Can Be Personalized: One of the downsides of using cash payment apps is that it becomes transactional in nature. But, with a little thought you can make your cash gift special with simple personal touches. CashApp has specifically baked into its app a way to make your recipient get the same experience of receiving physical gifts by having your cash gift “wrapped” with your note and hidden until your recipient opens her card. Wouldn’t your child in college child prefer getting money for a week’s worth of Starbuck’s coffee during finals week than say a basket of fattening candies or “Harry and David” fruits?