On The Web
nbsp;
“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 […]
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 […]
Venmo Bumps up Sending Limits
“With people under stay-at-home orders throughout the nation, many are finding themselves short on cash. That’s increasing their reliance on electronic payment services. Now, Venmo is easing some of its rules to facilitate payments. The company has increased its sending limits to $4,999.99 per week for person to person payments. That’s a 40% increase from […]
Chevron App Now Accepts Venmo
“Chevron announced that its new Chevron and Texaco mobile apps now include Venmo as a payment option, making the company the first to accept the payment service for fuel purchases at the pump. ‘Chevron updated its branded mobile applications to offer consumers access to Venmo to pay for fuel and car washes at the pump from their mobile […]
Synchrony Looks to Venmo’s Social Network To Help Market the P2P Service’s New Credit Card
“PayPal Holdings Inc. and Synchrony Financial have been sparing about the details of a new credit card they plan to issue for PayPal’s Venmo peer-to-peer payment service, but on Monday a top Synchrony executive said the partners are counting on a key characteristic of Venmo to help market the new card. “We’ll use the social […]
On The Wires
nbsp;Available Now – Get the Most Out of Venmo With the Venmo Credit Card — The Venmo Blog
“Today, we’re excited to announce that the Venmo Credit Card is available for all eligible Venmo customers to apply, straight from the Venmo app! Venmo’s first-ever credit card, issued by Synchrony and powered by the Visa network, officially launched last October to select customers, and now we’re excited to expand availability to allow more of […]
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.”
CVS Pharmacy is first national retailer to offer touch-free payments through PayPal and Venmo
“CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), today announced that customers can now check out touch-free using PayPal and Venmo QR codes at 8,200 standalone retail locations. These codes allow customers to securely pay for their items without needing to touch a keypad or sign a receipt, while also being able to […]
Lyft is Making Paying for Rides Easier Than Ever with the Addition of Venmo
“To make paying for rides and getting around town even easier, Lyft riders will soon be able to pay with Venmo and easily split the cost of their ride. We’ll start rolling out this feature in October and will launch to all U.S. Lyft riders in the coming weeks. Sixty million active Venmo users already […]
Venmo Launches Limited Pilot of New Tools for Sole Proprietors With the Introduction of Business Profiles
“Piloting to a limited number of users today, Business Profiles allows sole proprietors, casual sellers, and users with a side hustle to create an additional Venmo profile to accept payments for goods and services. Whether you’re an artist, selling homemade planters at a craft fair, serving up one-of-a-kind haircuts, selling floral arrangements or mowing lawns, […]