This story was originally published and last updated .
Paying and getting paid is easier than ever, but the various apps you can choose to transact with have their upsides and downsides. Picking one can be difficult, and signing up for all of them even more so — especially when it often means convincing friends and family to do so as well. But old school bank ACH transfer tools are for the birds, and cold, hard cash remains a dicey proposition in the current environment. Splitting the bill with cash is also just a pain, and newer peer to peer (P2P) payment apps are so much more convenient that it's truly silly in 2020 not to be using one.
Back in July, Uber announced that Venmo, PayPal's strange mobile payment service/social media feed combo, would be added as a payment method "in the coming weeks." It's been about seven weeks since then, and Venmo support has just gone live for both Uber and Uber Eats.
PayPal has revealed today that it will be adding Venmo as an option during checkout. For now, it will be opt-in for users of Venmo and will manifest itself with the same convenience as PayPal. During the checkout process, users will be able to select Venmo with no changes required by sellers. There is no additional cost to the customer or retailer to use Venmo over PayPal.
Mobile payments app Venmo has been around for years now, but without two-factor authentication, security hasn't been as good as it could be. Fortunately the company is now getting around to changing that. Today it announced that it has added two-factor authentication to its mobile apps (Android and iOS) as well as the web.
When you attempt to sign into Venmo from a new phone, the service will send you a 6-digit code that you will need in order to get inside.
Going forward, Venmo will automatically enable this feature for anyone who uses the latest version of the app.
One of PayPal's problems is that it's immensely popular. As the service implements more features and grows to support a larger user base, it inevitably loses some people along the way. If you want an app that makes it easy to send money to friends that isn'tPayPal, Venmo is worth a look. It's simple, doesn't charge to send money from most bank accounts or debit cards, and it just received an update that makes the experience look more at home on Android.
In addition to the new look, Venmo now has a home screen widget that enables faster payments.
If there are two words that can quickly get people excited, it's "free money." And we just so happened to have some to give away, thanks to Venmo. Haven't heard of Venmo? Here's the skinny: it's a quick, easy, and efficient way to instantly send money to friends. Kind of like Paypal, but without the Paypal-ness of it all – it's all just very simple and straightforward.
The fees are also extremely reasonable: transferring money from your Venmo balance is free, as are payments funded by U.S. bank accounts and most debit cards. Only credit card transfers are subject to the standard 3% convenience fee.