Payments News


Eye on P2P: Venmo Jacks up Its Fee for Instant Transfers; BofA Touts Zelle Results

“In the hotly contested market for person-to-person transactions, PayPal Holdings Inc.’s Venmo unit has rarely made a misstep. But over the weekend the popular service said it will raise its fee from 25 cents to 1% for so-called instant transfers users make to move money from their Venmo account to a bank account, with a 25-cent minimum.”