Posted by Chuck on March 27, 2018
Manufactured Spending

Published on March 27th, 2018 | by Chuck

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Bravo App Review: Pay or Tip People Standing Nearby, 2% Transaction Fee

The Bravo app is a payment app, similar to the Venmo concept, but with a very specific specialty of paying people who are physically standing nearby for services. The app uses GPS technology to locate each user (you turn it off when you don’t want it to track you), and it only allows you to pay people standing nearby.

iOS | Android

They were featured on Shark Tank in November 2017, see the episode on ABC here (begin at minute 13:30). Techchrunch wrote about it back in 2015.

Since payments run on GPS, there’s no need to exchange personal information, not even an email address or phone number. This makes it an excellent choice for things like tipping a waiter, valet, or musician. Their blog indicates that payments can not be cancelled once sent making it a prime choice for Craigslist sales. Bravo has also began working with some local charities as well to allow donations through the app.

Payments are made via bank or credit/debit card. No payment information is stored in the app itself, it’s all handled by Braintree.

The app charges a 2% fee to the sender on each transaction; no fees for recipient. 2% fee is quite reasonable, and you can typically recoup that fee from credit card rewards. They primarily hope to monetize the service with a $5 monthly subscription fee for business owner recipients.

The terms exclude peer payments and payments to family or friends. There might also be payment limits. Anyway, this isn’t anything scalable, but sounds like a neat way to tip or pay artists using a credit card.

The big caveat, of course, is that the service provider needs to have the app. They began in Phoenix and seem to have gotten a decent footprint in that area, but for the rest of the nation their reach is much more sparse.

Thanks to u/ridgedivergent on Reddit for letting us know about the app



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MoneyRx
MoneyRx

How would they enforce no payments to family or friends? Is there a max amount? Seems like an easy way to manufacture spending.

LAG
LAG

I imagine they’ll be able to see a bunch of repeat transactions to the same person on your account… haven’t used the app, but as DoC mentioned, I doubt it’s scalable, but still seems useful if one were to have trouble being able to liquidate a VGC for example, but I would see it as a one off and not a full MS routine, but be the DP you want to see… I guess

Spalding
Spalding

I’ve used Bravo for almost a month now. When you send funds for the first time, they’ll request proof that you possess the card, along with a picture of your ID (and proof of billing address if different from ID). Not a terrible way to top off if you’re close to the companion pass as you’re only losing .004 cent per dollar (SW 1.6 value vs. 2% fee), but gaining companion pass if you have no other way. I spoke to someone who sent a $2k transaction through without issue. My one data personal data point for a $500 transaction suggests the person receiving the funds did not need to supply Bravo with additional ID or mailing information.

J
J

I have been using bravo for about a month to maybe 2 months now to pay my wife for her “child care costs”. I’ve been able to hit ms on delta gold, Citi aa biz and Hilton cards in the last month with no question from bravo. I think I’d sent at least 5500 so far

Abey

Wow. Good way to reach minimum spend on the SPG business 7K in 3M.

Parts Unknown
Parts Unknown

I’d be hesitant there since Amex added the no person to person payments language. Of course I funded $7k worth of bank accounts for my MSR lol.

J
J

Id hesitant if the amex card wasn’t a cobranded one (spg, Hilton, delta, Mercedes, etc)…maybe..I have seen my points post without issue to all these cards. I also read where a guy hit 10k on his platinum via bravo just fine too, just 2 weeks ago.

tinytavosa
tinytavosa

Now thats the DP we wanted to see!
I have so much Amex Biz Plat MS to conquer, lol.

Thanks 🙂

tinytavosa
tinytavosa

Anyone actually getting this app to work? I’ve added my bank info 3 times and it still keeps acting like I haven’t, even after it says I’m ready to receive payments. Oh developers.

Frank
Frank

Definitely not messing with this since p2p is banned. Not sure why they would do that…

RAM

Good to have this after being banned on venmo!

Abey

I downloaded this cool app,
And i see they allow even to pay yourself.
It comes up you are attempting to pay yourself, are you sure? Lol but it works.

J
J

They only let me pay myself 3 times before blocking me. I now pay my wife without any issues.

Abey

👍

Albert H
Albert H

If this codes 3x with cip and/or citi access more, this would be big!

John
John

Any data point on this?

kups
kups

guess what they clawed back my points Am and still talking with them to show all my spending

Bert
Bert

Who are “they”?

Kups
Kups

@meX

Aaron
Aaron

Are debit cards still charged 2%?

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