Tearsheet

APRIL 22, 2024

At the time, Visa+ outlined plans to make the service widely available to Venmo and PayPal users in the US by mid-2024. Expanding on last year’s announcement, the recent development marks the official [consumer] launch of the service with inaugural partners PayPal, Venmo, and DailyPay.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

PYMNTS

OCTOBER 5, 2020

Venmo , the mobile payment service owned by PayPal , announced Monday (Oct. The Venmo Credit Card lets Venmo's more than 60 million customers to shop, share or split purchases and earn cash back wherever Visa credit cards are accepted, the release stated. In July, PayPal reported a record second quarter.

Venmo 90

Venmo Credit Cards PayPal Online and Mobile Banking 90

PYMNTS

APRIL 24, 2019

Payments app Venmo reached 40 million users at the end of Q1. This is the first time parent company PayPal has revealed any user numbers for the app, with its Q1 earnings report showing that the total payments volume for Venmo grew 73 percent year over year to reach $21 billion. 78 per share, compared with the $.68

Venmo 53

Venmo Volume PayPal Debit Card 53

PYMNTS

JULY 25, 2019

According to PayPal , call it a hiccup, a delay, not a loss — and not lost sales. Wall Street was down on PayPal’s growth forecasts when the payments giant reported earnings Wednesday (July 24) afternoon after the bell, sending shares skidding roughly 7 percent. On Wall Street, as in life, there’s the benefit of the doubt.

Venmo 72

Venmo Volume PayPal Transactions 72

PYMNTS

OCTOBER 19, 2018

Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on Friday (Oct. The total payment volumes of Venmo skyrocketed by 78 percent and reached $17 billion. And nearly a quarter – or 24 percent of Venmo users – completed a “monetizable action.”

Venmo 67

Venmo PayPal Volume Accounts 67

PYMNTS

NOVEMBER 25, 2018

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. percent of overall volume at Venmo in March compared to 0.25 percent in January.

Venmo 89

Venmo PayPal Payments Credit Cards 89

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. PayPal, as a whole, had some 242 customer accounts as of Dec. P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

JANUARY 30, 2020

PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. PayPal CEO Dan Schulman, on the other hand, was more upbeat during the call, noting that PayPal is “very pleased with the year in front of us.”

PayPal 85

PayPal Venmo Volume Cross-Border Payments 85

PYMNTS

MAY 7, 2020

But many firms and all firms are two different things, and while from a humanitarian perspective PayPal clearly wishes COVID-19 never happened, by the numbers it is undeniable that it has boosted its business. April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. PayPal added 7.4 66 non-GAAP EPS.

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

JANUARY 24, 2019

Zelle, traditional banks’ answer to Venmo and Paypal, continues to grow in usage, not only with customers but with banking institutions as well, according to reports. Zelle’s operator, Early Warning Services, reported a Q4 payment volume of $35 billion, which is up 12 percent from Q3 and 61 percent from a year before.

Zelle 69

Zelle Volume Process Venmo 69

PYMNTS

OCTOBER 29, 2018

Shopify announced late last week that it is adding Venmo as a checkout option for its Shopify Merchants that use PayPal checkout. By accepting Venmo directly in your online store, users can complete their purchase in just a few clicks. The addition of Venmo comes at a time when Shopify is seeing sales slow.

Venmo 69

Venmo PayPal P2P Adjustments 69

PYMNTS

AUGUST 12, 2019

Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company on Monday (Aug. Having money in your Venmo account is an awesome feeling — it makes paying friends and family that much easier,” the company said. “We the company said.

Venmo 63

Venmo Debit Card PayPal Adjustments 63

Payments Source

OCTOBER 24, 2019

PayPal announced a record-breaking quarter on multiple fronts including overall growth in total payment volume , yet one issue still dogs PayPal — it loses money on the majority of Venmo users.

Venmo 65

Venmo PayPal Volume Payments 65

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth. million U.S.

Zelle 58

Zelle Venmo P2P PayPal 58

PYMNTS

JULY 28, 2020

That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. But as usage patterns shifted dramatically, something was equally visible on the Venmo platform.

Venmo 104

Venmo PayPal Direct Deposit P2P 104

Payment Savvy

MAY 17, 2023

If your payment processor determines your business is involved in fraudulent activities , has a high rate of chargebacks , or has a high volume of returns , it will flag you as high risk. High volume of transactions : Companies that process high volume of transactions per month may also be characterized as high-risk merchant accounts.

Venmo 52

Venmo PayPal Risk Processors 52

PYMNTS

APRIL 26, 2018

“I’m pleased to say PayPal had another quarter of great results and we’re off to a great start in the new year,” CEO Dan Schulman noted at the opening of his remarks to investors when reporting 1Q 2018 results and providing insight into the company’s ambitious plans for future growth. By the Numbers. Revenue for the quarter was $3.69

PayPal 47

PayPal Volume Venmo P2P 47

PYMNTS

SEPTEMBER 12, 2016

PayPal is making deft maneuvers in its efforts to quickly build and scale a global payments platform. We take a look at the recent goings on in PayPal’s ecosystem. PayPal is intent on being accepted as a method of payment at store checkouts throughout Mastercard’s and Visa’s mobile contactless payments systems.

PayPal 64

PayPal Online and Mobile Banking Visa Venmo 64

PYMNTS

OCTOBER 21, 2020

Morgan is bringing payments to the point of sale (POS), with an eye on making inroads into a landscape dominated by firms such as PayPal and Square. billion gross payments volume mix came from smaller firms that have less than $500,000 in annual sales. Square and PayPal do not have monthly fees, but levy fees of 2.6

Point-of-Sale (POS) 122

Point-of-Sale (POS) Push-to-Card PayPal Volume 122

PYMNTS

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). Payment values went up 54 percent year over year, and payment volume increased 72 percent. According to eMarketer , nearly 80 million U.S. P2P Partnerships. P2P Impacts.

P2P 79

P2P Zelle Venmo Debit Card 79

Stax

JANUARY 21, 2025

Your volumes see large peaks and troughs. per card charge (recurring billing is available at an additional cost) PayPal Companies with a PayPal business account can access PayPal.Me Selling profiles are also searchable within the PayPal app. cents for PayPal, Venmo and cryptocurrency. Cost: 2.9% + $0.30

Use Case 88

Use Case Online and Mobile Banking Payments ACH 88

PYMNTS

NOVEMBER 13, 2020

Last month, PayPal and Venmo began offering a credit card that features users’ QR codes , which allows the platform’s more than 60 million customers to shop, split purchases and earn cash back wherever Visa cards are accepted. The code can be scanned in the Venmo app by friends to send payments or split purchases.

Contactless Payments 122

Contactless Payments Interoperability PayPal Venmo 122

PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. The question going into tomorrow’s earnings report is will PayPal go 4/4? PayPal Q3 results have set expectations high. Payments transactions were 2.5

PayPal 49

PayPal Venmo Zelle Volume 49

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to P2P payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth. On Tuesday (Oct. million U.S.

Zelle 43

Zelle Venmo P2P PayPal 43

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Venmo Growth. For Venmo, some of the numbers were less than detailed. retailers that accept PayPal. retailers that accept PayPal.

Zelle 42

Zelle Venmo P2P PayPal 42

Payment Savvy

JUNE 12, 2023

Venmo, the hugely popular payment app used by millions of people around the world, has earned a reputation for convenience, ease of use, and speed, in the competitive space of digital payments. For the most part, Venmo is well regarded by consumers and merchants alike, earning a reputation as one of the leading mobile payment services around.

Venmo 52

Venmo Payments Payer Card Issuer 52

PYMNTS

OCTOBER 20, 2017

“PayPal delivered one of its strongest quarters since becoming an independent company,” said Dan Schulman, CEO of PayPal, in a statement. PayPal, largely pushed by strong mobile performance, managed to again exceed analyst expectations across the board, and raised Q4 guidance. All in all, PayPal processed 1.9 What’s Next.

PayPal 47

PayPal Venmo Caps Volume 47

PYMNTS

NOVEMBER 25, 2020

“The good news is that the modern technology and the available platforms mean [financial institutions] FIs don't have to make a ‘call’ and lay large bets on systems that either have an insignificant amount of volume or aren't even extant today,” Ranta said. Beyond PayPal And Venmo .

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

PYMNTS

JULY 17, 2018

The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world — most notably, the shape of the ongoing competition between Zelle and Venmo. Last year, Zelle reported $75 billion of volume growing at 36 percent versus Venmo’s $34.6 Will Zelle Pass Venmo?

Zelle 40

Zelle Venmo P2P Privacy 40

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. PayPal posted $4.23 PayPal posted $4.23 PayPal had a similar revenue miss for the full year — with $15.45 Schulman also reported that 21 million merchants now accept PayPal.

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

MARCH 9, 2020

To that end, PayPal said last month that it would team with law enforcement agencies, academics and experts to track how payments are used to traffic firearms illegally through the United States. He noted, too, that PayPal’s risk profile is different than might be seen at a bank. We have an expertise in financial crime.”.

PayPal 70

PayPal Financial Crimes Crime Law Enforcement 70

PYMNTS

AUGUST 19, 2019

There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Venmo Steps up Its Game Against Zelle. PayPal-owned Venmo hit 40 million active users in Q1 of 2019.

Venmo 51

Venmo Zelle P2P Underwriting 51

PYMNTS

APRIL 24, 2019

Payment values went up 54 percent year over year, and payment volume increased 72 percent. Zelle also had a fortuitous fourth quarter , along with Venmo. In Q4, Venmo posted an 80 percent spike in transaction volume, hitting $19 billion in the fourth quarter of 2018, according to PayPal’s most recent financial earnings release.

Zelle 61

Zelle Payment Networks Process Venmo 61

Clearly Payments

AUGUST 24, 2024

In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year. The Rise of P2P Platforms P2P money transfer platforms such as PayPal, Venmo, Cash App, and Zelle have seen exponential growth in recent years. World Bank data indicates that global remittances reached $794 billion in 2023.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

Stax

MARCH 11, 2025

Popular digital wallet brands include Apple Pay, Google Pay, Samsung Wallet, PayPal Digital Wallet, and Venmo. PayPals payment button is a good example of a redirect payment gateway. Whenever buyers click the PayPal Checkout button (payment link), they are redirected to PayPals official page to complete the transaction.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

PYMNTS

JANUARY 6, 2021

Payment choice] doesn't really demonstrably lessen churn,” Galloway said, pointing out that whether people use Apple Pay, Google Pay, PayPal or some other digital wallet, they all have an underlying funding instrument that in most cases is either a credit card or a debit card. “So Fish On Vs. Fish In The Boat.

Payments 110

Payments Venmo Volume Credential 110

Stax

MARCH 6, 2025

PayPal, Venmo, and Alipay). RFID can process multiple tags at once, so its better for merchants that handle high-volume transactions or large customer flows. QR code payments QR code payments offer a fast, touchless option to process transactions without NFC and RFID hardware. Static QR codes.

Contactless Payments 88

Contactless Payments Online and Mobile Banking Encryption CHIPS 88