Payment apps like Venmo have improved many group dinners out at restaurants — no more fighting over the bill when you can transfer money right at the table. Of course, it's far from a perfect service. Although the social feed makes it easy to find your contacts in Venmo, it also features a global feed broadcasting every public transaction made in the app. With an upcoming redesign, you can say goodbye to that worldwide channel.
Venmo is a popular user-to-user money transfer service, which gained a lot of ground for being easy to use and essentially free. But ever since PayPal bought the company back in 2013, the writing was on the wall for the first part of that. Soon the latter will start to look more like the former, with a series of increasing fees for some money transfers beginning next month.
More often than not when a tweet goes viral, we see follow-up tweets that ask for support, sometimes monetary. Twitter has noticed this too and so it's introducing Tip Jar to make it easier than ever to send money to your favorite creators or organizations.
In case you haven't heard, everyone likes stories now. Sure, maybe you don't, but judging by how many apps now carry them as a feature, you're on your own. Everyone from Spotify to Pinterest to Twitter has shown interest in stories in the last few months, to say nothing of old standbys like Snapchat and Instagram. Venmo, the PayPal-owned payment platform that pulls double-duty as a mini social network, has decided to get in on the fun, but not really in the way you might expect.
PayPal-owned Venmo appears to be going through a service outage which is preventing users from making peer-to-peer payments. User reports to Downdetector began spiking around 10 a.m. PST today. A resolution, however, seems to be gradually rolling out.
Venmo, the payment service owned by PayPal that people like using way more than PayPal, has just announced the ability to cash checks through the Venmo app. The feature, aptly named "Cash a Check," arrives just in time for the latest round of stimulus checks, though there are fees associated for non-government checks.
PayPal is launching support for U.S. customers to trade and hold cryptocurrency and to use it as a funding source for retail purchases. The payments processing company has expedited plans for global expansion as it looks to catch the first big wave of future digital public currencies.
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.