For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass the middleman to move money quickly from one account to another, commonly enabled by providers such as PayPal, Venmo or Cash App, are gaining ground. In fact, 36% of consumers …
The lines may seem blurry when receiving funds via Venmo or other third-party payment apps, but you still may be subject to paying taxes on such transactions. Yahoo Finance’s Molly Moorhead joins Wealth! to discuss the tax implications for Venmo use. Moorehead signals that some transactions do not constitute reportable taxable income: personal spending, whether …
Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments. And interoperability is a work in progress. But bit by bit and app by app, cross-border, cross-network and cross-wallet compatibility is being forged. This week, PayPal and Venmo began offering Visa’s peer-to-peer (P2P) payment system, Visa+. The announcement …
Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company said in a Monday (April 1) news release as it announced the expansion of its P2P and business-to-consumer (B2C) payouts offerings. Additionally, Astra, Brightwell, Cross River Bank and Fiserv plan …
Welcome back to Gizmodo’s March Madness bracket challenge to name the greatest app of all time! With more than 81 percent of the vote in yesterday’s tournament, YouTube is headed to the Final Four and Venmo has been eliminated. Today, we have another difficult match. Duolingo has been the Cinderella story of this year’s bracket …
Welcome back to Gizmodo’s March Madness bracket challenge to name the greatest app of all time! Following yesterday’s contest, WhatsApp has been eliminated and Google Maps heads to the Final Four. Now, we have to decide between the world’s biggest video app and the premiere method of making easy payments. If you’re just tuning in, …
Welcome back to Gizmodo’s March Madness bracket challenge to name the greatest app of all time! Yesterday’s tournament brought us our biggest upset to date with Venmo crushing Twitter’s dreams. RIP Twitter. Today, we have SwiftKey taking on DuoLingo. If you’re just tuning in, you can read all about our selection criteria for this historic …
PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service is now available for all U.S. Venmo business profile and PayPal Zettle users, letting them accept contactless card and digital wallet payments on their iPhones with no additional cost or hardware. “Consumers are increasingly going cashless,” …
It’s day 8 of Gizmodo’s March Madness bracket challenge to name the greatest app of all time and one of the most controversial apps of our time has entered the ring. Venmo buried I Am Rich in yesterday’s battle of the money apps, taking more than 78 percent of the vote. Today, the king of …
Welcome back to Gizmodo’s March Madness bracket challenge to name the greatest app of all time! YouTube handily defeated Words With Friends in yesterday’s lineup, taking more than 87 percent of the vote. Now it’s time for two very different money apps to duke it out. If you’re just tuning in, you can read all …