Runaway inflation has been changing our behavior — how we shop, where we eat, what we buy.
It’s also changing the way we’re using mobile payment apps like Venmo, PayPal, Cash App and Zelle. Thanks to inflation, many Americans are becoming more assertive when it comes to bill splitting and asking to be reimbursed by friends, family and acquaintances.
That’s the main finding of a survey by Forbes, which learned that you’re more likely these days to be asked to split a tab on a popular peer-to-peer payment service like Venmo or Zelle.
With things changing so quickly, how are you supposed to handle yourself in this new era of payment apps? What’s the etiquette?
Don’t worry! We have some expert advice for you from Venmo — and from Martha Stewart.
Wondering how much to tip your hairstylist or bartender? Our ultimate tipping guide explains how much to leave in every situation. ‘Venmo Vultures’ and Other Modern Annoyances
Forbes took an online survey of 1,000 Americans who use payment apps. The survey found that nearly half of them are using the apps to split up restaurant tabs, grocery bills, rent and other expenses.
Here’s what else the survey found:
Nearly half of the apps’ users have started to split bills in ways they normally wouldn’t, and it’s because of inflation. Most respondents — 86% — think any total under $5 is a petty amount that isn’t worth requesting. One in 4 app users has to deal with
