PayPal vs.
Venmo is the two big trending names in the online market game. However, PayPal
is a long-standing and trusted payment service that came to fame as a payment
method for eBay; While Venmo is a new digital wallet that has become popular in
the world today.
PayPal vs. Venmo
PayPal vs. Venmo: Repaying our friends with
cash transfer apps like Venmo and PayPal has been made easy through so many
recent innovations in our technology today. Sending and receiving funds is
easy. PayPal has been one of the pioneers and strongest players in the payment
service space and after its acquisition is the payment app Venmo. It seems both apps have been dominating the space.
PayPal
PayPal was founded in 1998; it went public in 2002 and was
quickly purchased by eBay. It uses the digital wallet and this made it widely
known.
Features of PayPal – PayPal vs. Venmo
Below are
some great features that you can find mostly in PayPal.
1. Mobile card reader
2. Online invoicing
3. Inventory tracking
4. Credit card reader
5. Efficient customer support
6. Barcode scanning
7. Bill me later.
These are
some amazing features of PayPal that make using PayPal enjoyable and easy.
Advantages of using PayPal
Will I get a
superior and favorable position if I use PayPal service? The below advantages
will help you find out
· PayPal is flexible
· PayPal offers you credit card
security
· It is cost-free. It has no annual
charge
· PayPal sponsors special discount for
customers that shop with PayPal selected retailers
· PayPal offers you credit card
security.
· PayPal allows you to send money to
anyone at anytime
· PayPal has an iPhone app that makes
it easy to shop online.
If you don’t
have an account with PayPal, with this stated advantages you might want to give
this service platform a trial.
Venmo
Venmo
is a digital wallet that allows you to share and make payments with friends
easily. With this service, you can easily split bills, cab fare and so much
more. Both senders and receivers should live in U.S. Venmo account holders can
also transfer money to others using a mobile phone app. Note that this service
works by linking your bank account and a credit card or debit card which is
optional.
Features of Venmo – PayPal vs. Venmo
1. Link bank account and debit cards
2. Data encryption
3. Request money
4. Track payments
5. Split bills
6. Data storage
7. Make payments
The above features are the enjoyable
features you will get while using Venmo.
Advantages of using Venmo
Venmo is an awesome source of
receiving and processing online payments.
· Venmo is relatively easy to use and quite
understandable
· It is free
· Venmo replaces petty cash when you have to pay
a friend.
· Making payment with Venmo takes place
instantly
· You can make quick payments to someone or
deposit to your bank account with Venmo.
· Venmo is always available and convenient to
use.
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