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Effective November 6th, Venmo patrons who use Instant Transfer to move money from their Venmo accounts to their debit cards will notice increased service fees. Instead of a flat $ .25 per transfer, Instant Transfer fees will be set at 1% of the total sum. The sliding fee scale is a change that patrons who […]
We’re increasingly wary of sharing too much on social media. So why are we still doing it on Venmo? https://media.wired.com/photos/5b806788a237be390b3f660c/master/pass/Why%20do%20we%20still%20use%20Venmo.jpg
Russian meddling, Venmo privacy, and more of the week’s top security news. https://media.wired.com/photos/5b52311409b702757fc5f771/master/pass/venmo_pub_priv.jpg
The FTC filed a complaint against PayPal over its Venmo peer-to-peer payment service back in 2016. The trade commission alleged that Venmo did not adequately disclose that customer transfers to external bank accounts were subject to review and could be frozen or removed. The FTC’s filing also said that Venmo misled consumers around privacy as […]
Getty/Timur Emek Venmo and other mobile payment apps have changed the way many of us spend — and send — money. After Apple Pay Cash launched in early December, some speculated it could be the death of Venmo. But a lesser-known service called Zelle likely poses a bigger threat to Venmo, and my recent experience […]
Venmo has become so popular, its name has become a verb in the same way “Google” has. People use the the PayPal-owned mobile person-to-person payment service to pay rent, split bar tabs, and hold fundraisers. It’s become a must-have app for millennials, and as we can see in this chart from Statista, the amount of […]
Sarah Jacobs/Business Insider • PayPal recently expanded its Manhattan office. • The online payments system shares the space with Venmo, which it acquired in 2013. • Business Insider stopped by the office to check out the space and perks. PayPal is in a good place, right now. Markets Insider reported its latest earnings report sent […]
Olivia Harris/Getty The world is slowly but surely kicking cash to the curb. With the invent of mobile payment apps like Apple Pay, Google Wallet, Venmo, PayPal, and Square, our wallets and smartphones have become one. In some countries, a cashless economy is all but inevitable — and could happen sooner than you think. That’s […]
BI Intelligence This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here. In a newly released update for iOS and Android, Venmo, the popular PayPal-owned peer-to-peer (P2P) transfer app, added QR code functionality so that users can more easily add friends and family. Users can access their personalized QR […]
Every year, billions of dollars change hands in needlessly clumsy ways. Parents realize they’re short on cash and go out of their way to stop at an ATM so they can pay their babysitter; grandparents mail checks as birthday gifts, which take days to arrive and days to clear. Even as more and more of […]
