With the addition of Venmo into the checkout process of these apps, Venmo customers can use their app balance, linked cards, or bank account to shop on the mobile sites of "almost all merchants that accept payments with PayPal." The peer-to-peer payments app will appear as a checkout option similar to PayPal and other mobile wallets.
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Venmo wants to help you get the most out of your business.
Another update coming down the line – first announced over the summer – will let users transfer their app's balance to their bank account instantly, for a transfer fee of $ 0.25. Currently, Venmo transfers to bank accounts are free, but take a day to complete.
earlier in 2017, and the impending debut of Apple Pay Cash . However, PayPal CEO Dan Schulman has said he does not think Apple Pay Cash will hurt Venmo mainly citing Venmo's availability across platforms as its leg-up on Apple's iOS-only P2P payments
SOURCES: TECHCRUNCH.COM GSMARENA.COM MACRUMORS.COM
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