Venmo to Charge Users for Selling Goods and Services

The Wall Street Journal2021-06-28

Payments app says it will allow use of personal accounts for business transactions as of July 20 Under current policy, Venmo users conducting business through their personal accounts could have their ...

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Comments

Catherine321
2021-06-29
Catherine321
Yes
Typer
2021-06-29
Typer
Yes
Jonah1993
2021-06-29
Jonah1993
hello
- HT2O:
  Hello
FOSJ
2021-06-28
FOSJ
Yea
- MaoMao0314:
  hi
yvneyng
2021-06-28
yvneyng
Nice move
- KamenR:
  As expected
Ila
2021-06-28
Ila
Please comment and like
- Leaynx:
  Done
- Yappy:
  done

Leave a comment

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Users suspected of violating the policy could have their accounts suspended.\nThe new policy, disclosed in a letter to users about terms-of-service updates, will take effect on July 20.\nA Venmo spokeswoman said the latest changes mean users who don’t want to create a business profile will be allowed to accept money for goods and services without worrying about running afoul of the rules. They will be charged the same 1.9% plus 10-cent fee applied to customers using business profiles.\nThe change is the latest attempt by PayPal to profit from Venmo’s massive user base. 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