Payments News

On The Web

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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 […]
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Companies

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 […]
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Companies

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 […]
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On The Wires

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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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Companies

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, […]