Venmo

Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S. Venmo is a type of payment rail. It handled $31 billion in transactions in the first quarter of 2020.

Source: venmo.com

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PayPal’s Hit And Miss For Q4
PayPal’s Hit And Miss For Q4
January 31, 2019  |  Earnings

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. 30). Revenue, however, was a slight miss...

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Modo CEO: 2018 Was The Year Of Utility
Modo CEO: 2018 Was The Year Of Utility
December 28, 2018  |  Commentary

Bruce Parker, founder and CEO of Modo, contributed the following piece as part of PYMNTS’ 2018 year-end eBook. ’Twas December 2017, and all through the...

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Venmo Payment Fraud Leads To $40M In Losses
Venmo Payment Fraud Leads To $40M In Losses
November 26, 2018  |  Digital Payments

Venmo, the digital money transfer service owned by PayPal, suffered payments fraud earlier in 2018 that played a role in the company posting losses that...

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BigCommerce Now Supports Venmo, Masterpass
BigCommerce Now Supports Venmo, Masterpass
November 14, 2018  |  eCommerce

BigCommerce, the eCommerce platform for fast-growing and established brands, announced Wednesday (November 14) the addition of Venmo and Masterpass as supported payment methods available to...

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Retailers Team With Providers For eCommerce Payments’ Tear
Retailers Team With Providers For eCommerce Payments’ Tear
November 14, 2018  |  Retail

Online shopping is on a tear, and marketplaces are reaping the rewards. Some sites are seeing more active buyers and higher gross merchandise sales (GMS)...

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Venmo Now Accepted At Shopify Merchants
Venmo Now Accepted At Shopify Merchants
October 29, 2018  |  Digital Payments

Shopify announced late last week that it is adding Venmo as a checkout option for its Shopify Merchants that use PayPal checkout. In a blog...

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Zelle, Venmo P2P Payments Race Gains Fresh Fuel In Q3
Zelle, Venmo P2P Payments Race Gains Fresh Fuel In Q3
October 23, 2018  |  Digital Payments

The third quarter proved more than kind to peer-to-peer (P2P) payments, at least according to financial results for the two main competitors, Zelle and Venmo,...

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PayPal Shares Jump On Positive Venmo, Earnings News
PayPal Shares Jump On Positive Venmo, Earnings News
October 19, 2018  |  Payments Innovation

Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on Friday (Oct. 19)....

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PayPal Posts 25 Pct Jump In Payments Volume
PayPal Posts 25 Pct Jump In Payments Volume
October 19, 2018  |  Earnings

PayPal posted results Thursday (Oct. 18) after the markets closed that showed double-digit growth in overall transaction volume and payments volume, and high single-digit boosts...

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