PayPal vs Venmo


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PayPal
PayPal is an international e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as cheques and money orders. PayPal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account.
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Venmo
Make and share payments. Connect with people, send money for free, and cash out to any bank overnight. Venmo uses bank-grade security systems and data encryption to protect you and prevent against any unauthorized transactions or access to your personal or financial information. Sending money on Venmo is completely free as long as you use a bank account, supported debit card, or Venmo balance to fund your payments.

Latest news about PayPal and Venmo:



18.04.17. PayPal teams up with Android Pay for mobile payments. PayPal and Google announced an effort aimed at allowing PayPal to expand its footprint both within mobile applications as well as at brick-and-mortar retailers. The partnership will see PayPal becoming available as a payment method in the Android Pay service, which will allow U.S. users to pay for things like Uber as well as at retailers like Walgreens, and restaurants like Dunkin’ Donuts and Subway. The integration in Android Pay will begin by allowing Android users to select their PayPal balance as a method of payment, but will expand to include the cards users have added to their PayPal account in the months ahead.



06.07.15. PayPal acquired international money transfer company Xoom. PayPal has acquired money transfer company Xoom for $890 million, a move that brings millions of international customers to the company. Xoom bills itself as "an international money transfer service" that allows people to send money across borders.  Xoom recently expanded into China and Pakistan, and is popular in a variety of developing markets — an advantage that PayPal President Dan Schulman highlighted. The acquisition is PayPal's first major move since its announced split from eBay, a move investors had demanded. PayPal is expected to complete the separation later this year. Xoom will continue to operate as a separate company under PayPal.



01.10.14. PayPal will split from eBay in 2015. eBay and PayPal are going their separate ways, with the payments company moving out from under the eBay umbrella to form its own, publicly-traded company. The move is intended to help both businesses grow faster in their respective markets. The spin-out of PayPal is expected to be complete by the second half of 2015, provided all regulators sign-off on the agreement. Both companies will get new CEOs as part of the deal, with eBay Marketplaces President Devin Wenig taking over at eBay, and PayPal President Dan Schulman presiding at PayPal. eBay picking up PayPal was about trying to inject some energy into its instant buy, same-day delivery and curated storefront businesses, but with PayPal’s forays into mobile payments, including its Braintree acquisition and its One Touch system, the company is moving more and more towards in-person mobile transactions and away from online commerce.



24.09.14. PayPal allows merchants selling digital goods to accept Bitcoin. Earlier this month PayPal announced that its subsidiary unit, Braintree, will accept bitcoin via integration with Coinbase. And today PayPal is dipping its toes even more into the world of bitcoin. PayPal has entered into agreements with leading Bitcoin payment processors BitPay, Coinbase and GoCoin. Starting today, these agreements let PayPal digital goods merchants accept Bitcoin with a simple integration through the PayPal Payments Hub. This will be available to merchants in North America first. Though users still won’t be able to start stashing their bitcoin in their PayPal accounts, the news had an immediate impact on Bitcoin price - it now stands at around $450 - up more than 10%.



21.08.14. PayPal launches one-touch mobile checkout for apps. Last year, payment processing provider Braintree began offering a new one-touch payment service to mobile app developers that let their customers check out and pay using identity and financial credentials already stored in its Venmo wallet. Today Braintree’s new owners eBay is combining Venmo Touch technology with PayPal. So, app designers can now put a “PayPal Touch” button in their apps that will instantly authorize a mobile transaction. The idea is that you would no longer have to re-enter your credit card information at checkout or time of payment within these apps – it would be stored via the PayPal Touch service and recalled when needed.