A Face-Off: VENMO vs. PAYPAL

1. A Face-Off: VENMO vs. PAYPAL PayPal was founded in 1998, making it one of the most popular apps that made online transactions of finances quick and easy. PayPal has come to be known as the veteran in the line of making e-commerce legitimate. Whereas Venmo came into existence during 2009, it is a newer app and has gained popularity among millennials. Often a question arises, does PayPal own Venmo? Yes, Braintree bought Venmo in 2012, and later PayPal acquired Braintree in 2013. The apps are convenient to receive, debit, or transfer money among individuals. They differ in certain features and usage. About Venmo: What is Venmo? It is a money-app supported on platforms like iOS, Android, or web. How does Venmo work? Through Venmo, a person can transfer or receive money among peers. Venmo has the sole purpose of being a peer-to-peer money app. In Venmo, you can automatically find people (family and friends) with Venmo accounts by connecting your Facebook account or contacts list. Anyone can make a transaction by sending it on the app or by scanning a QR code.

2. Its interface is similar to a social media feed where anyone can post the purchases they made while others have an option to 'like' it. Is Venmo free? There is no cost to create an account. The app is free-of-cost. Transactions made from Venmo balance, bank account, or debit card is free to use. However, payments made by credit card charges a fee of 3%. Venmo also offers a linked Mastercard debit card resulting in increasing the purchasing power of the user. PayPal vs Venmo- Difference: PayPal has grown into a trust-worthy name for apps enabling the online transaction. Platforms that support PayPal are iOS, Android, Web, which also offers physical payment methods. Venmo is owned by PayPal Company which means they provide similar payment methods and services. But there are certain features which make one better than the other in various cases. The difference between Venmo and PayPal are as followed- PayPal has made itself global, where its usage spreads across 200 countries, in 25+ currencies. It has grown into a digital currency (seemingly soon to replace physical wallet in the advancing digital era). Venmo is confined only to the United States. You can read the full content: https://app.ex.co/stories/item/5e5f3a55-016b-4049-80a0-1ae80dc9dfa7 •••••••••••••••••••••••••• Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU-B2tRIBDYntmaw https://twitter.com/BusinessUpside1