Payments News

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Companies

Venmo and PayPal Fees Are on the Rise Yet Again

“Need the money that’s sitting in your PayPal or Venmo account right away? Withdrawing it quickly is soon going to cost you more.  PayPal, which is the parent company of Venmo, recently said it’s increasing prices for the “instant transfer” feature for both of the popular money-sending apps later this spring. The changes will affect hundreds of […]
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Companies

Venmo Is Introducing New Fees, and You’re Not Going to Like Them

“At the moment Venmo users who have identified themselves as a business have to pay a 1.9% + 10 cents transfer fee for any money sent to them. Starting on July 20th, all users will have to pay this fee when receiving money for goods or services, whether or not their account is identified as […]
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Companies

Venmo for Business: Everything You Need to Know | ZDNet

“The Venmo for Business portfolio includes both Business Profiles on the Venmo app — geared toward small businesses and casual sellers — and the ability to pay with Venmo, a feature aimed at small to large merchants.  With Business Profiles, Venmo is targeting small sellers or people with side hustles — such as dog walkers, […]
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Companies

PayPal Says U.S. Consumer Watchdog Investigating Payment App Venmo

“PayPal Holdings Inc said on Friday it was cooperating with the U.S. consumer watchdog regarding a civil investigation demand relating to its app Venmo’s alleged unauthorized fund transfers and collections processes. The demand from the U.S. Consumer Financial Protection Bureau was made last month, the digital payment processor said in a regulatory filing. ( bit.ly/3tsOHn1 […]
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Companies

Venmo to Gain Crypto, Budgeting, Savings and Honey Integrations This Year

“The Venmo mobile payments app is going to look very different in 2021 as it inches closer to neobank territory with expansions into budgeting, saving and cryptocurrency, said Venmo parent company PayPal, during its fourth-quarter earnings on Wednesday. The company also plans to put its $4 billion Honey acquisition to work by integrating its suite […]

On The Wires

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Companies

Introducing Crypto on Venmo

“Venmo today announced the launch of crypto on Venmo, a new way for Venmo’s more than 70 million customers to buy, hold and sell cryptocurrency directly within the Venmo app. Beginning to roll out today, crypto on Venmo offers customers a way to start their crypto journey alongside the many ways they already use Venmo to spend and manage their money.”
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Companies

Cash a Check with Venmo Now Available For Select Customers

“Venmo has today announced that it is introducing a new Cash a Check feature in the Venmo app for select customers, enabling Venmo’s community to access a quick, easy and secure way to cash paper checks. The new feature will allow select Venmo customers the ability to cash printed, payroll and government checks directly from the Venmo app.”
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