Venmo Unleashes Next Phase of Commerce with the Venmo Debit Card and Venmo Checkout
PayPal
JUNE 4, 2025
New brand campaign reinforces accelerated expansion of commerce solutions with enhanced rewards in-store and online.
This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
PayPal
JUNE 4, 2025
New brand campaign reinforces accelerated expansion of commerce solutions with enhanced rewards in-store and online.
PYMNTS
NOVEMBER 16, 2020
Customers at 8,200 CVS Pharmacy locations can use PayPal and Venmo to pay for purchases contact-free starting Monday (Nov. Customers will be able to pay for the transactions by drawing against balances in PayPal or Venmo accounts or by drawing on bank accounts, debit cards or credit cards linked to a PayPal or Venmo account.
Fintech Finance
JANUARY 22, 2025
JetBlue (Nasdaq: JBLU) have announced it is the first airline to accept Venmo , offering customers an easy and secure payment option when booking flights directly with JetBlue online. customers can conveniently purchase flights using their Venmo balance or linked bank accounts, debit cards, or credit cards when booking travel.
Finovate
JUNE 5, 2025
PayPal launched a physical credit card, expanding PayPal Credit’s reach from online use to in-store purchases, with no annual fee and flexible repayment options for travel purchases. In a time dominated by digital payments, physical cards are holding strong. ” Credit is not new to PayPal. .
Clearly Payments
AUGUST 24, 2024
Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.
PYMNTS
OCTOBER 5, 2020
Venmo , the mobile payment service owned by PayPal , announced Monday (Oct. 5) it has introduced its first-ever credit card issued by Synchrony and powered by the Visa network, according to a press release emailed to PYMNTS. A customer’s unique QR code is printed on the front of each card. billion ($1.29
PYMNTS
FEBRUARY 24, 2020
Venmo is branching out to target a new demographic in its payments service: teenagers, according to published reports on Monday (Feb. The new service may give adults a new reason to sign up for Venmo and could get them more savings in Venmo debit accounts. It would also allow parents to set spending limits in a new way.
PYMNTS
OCTOBER 29, 2019
Venmo, the peer-to-peer (P2P) payments platform from PayPal, is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, Venmo announced in a press release on Tuesday (Oct. PayPal uses the Dosh cash-back platform to manage the Venmo program. .
The Fintech Times
APRIL 11, 2025
With Visa+, Payactiv is expanding how people access their money, without the need to share debit card or bank account information. Through the new feature, customers will be able to disburse their earned wages to Venmo and PayPal in real-time. has launched its new offering, Visa+.
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
The Paypers
OCTOBER 4, 2023
PayPal has announced that users can add their eligible PayPal and Venmo credit or debit cards to their Apple Wallets.
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.
CB Insights
AUGUST 2, 2018
One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.
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.
Stax
MARCH 6, 2025
Card emulation. This technology turns any NFC-enabled smartphone, smartwatch, or wearable into a contactless credit or debit card. Use case: Customers with mobile wallets like Apple Pay, Google Pay, or Samsung Pay can tap their NFC-enabled device on a terminal to pay as if using a physical card. Static QR codes.
Fintech Review
MAY 2, 2025
Venmo is more than just a way to split dinner bills. Known for blending digital payments with social interaction, Venmo introduced a new way to think about money. In 2025, Venmo remains one of the most recognisable fintech brands in the United States. Venmos Beginnings Venmo launched in 2009 as a way to send payments via SMS.
Fintech Finance
DECEMBER 15, 2023
SAP SE (NYSE: SAP) announced today it has expanded its integration with financial services company, PayPal, through the creation of a digital payments plug-in for the PayPal Braintree platform built on SAP Business Technology Platform (SAP BTP). The Braintree platform provides SAP customers with more payment choices.
PYMNTS
FEBRUARY 12, 2020
Chevron has announced that its new Texaco and Chevron smartphone apps will have Venmo as an option for payment, according to a press release. Chevron is the first fuel company to accept Venmo for gas purchases at the pump. About 40 million people use Venmo in the U.S., The offers for cash back will rotate.
Stax
MARCH 11, 2025
There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Talk to sales How Online Payment Processing Works On the surface, online credit card processing happens in seconds.
The Paypers
JUNE 26, 2018
(The Paypers) Venmo , PayPal `s social payments platform, has rolled out a Mastercard debit card that will let users make in-store payments with their Venmo balance.
Stax
JANUARY 21, 2025
This gives customers maximum flexibility over how they want to paywhether that be ACH (bank account transfers), digital wallets, to credit and debit cards. Highlight Multiple Payment Options : Mention the various payment methods your link supports, such as credit/debit cards, digital wallets (e.g., Cost: 2.9% + $0.30
PYMNTS
OCTOBER 22, 2020
Rideshare platform Lyft is teaming up with Venmo to give riders the option to pay for their trip or split the cost with others, Lyft said in a statement on Thursday (Oct. In addition to paying for rideshares, users can also tap Venmo to use Lyft’s bikes and scooters where available.
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 ). The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app.
Payments Source
JANUARY 26, 2018
PayPal has been working to expand Venmo's audience beyond millennials for more than a year, a strategy that it hopes to further with instant transfers.
Payment Savvy
MAY 17, 2023
Lastly, you should also ensure your website accepts credit and debit cards securely and that you have no access to customers’ personal information. High-Risk PayPal Payment Account Reasons PayPal Drops Payment Accounts Any PayPal high-risk merchant account is usually at a disadvantage when it comes to processing payments.
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.
PYMNTS
MAY 17, 2018
Square may be closing in on PayPal a bit, with the company’s monthly downloads of the Square Cash app increasing at a faster rate. Barron’s , citing a research report issued this week by Nomura Instinet, reported that monthly downloads of Square Cash are happening at a faster clip than PayPal’s Venmo mobile payment service.
Core
SEPTEMBER 27, 2023
Consumers are used to an incredible number of options at nearly every checkout—tap-and-go, text payments, Venmo, PayPal, credit cards, eCheck, and so many more. It looks like mimicking the way consumers pay for other things in their life: digital wallets, online payment options, tap-to-pay, eCheck, Venmo, PayPal, and more.
PYMNTS
JANUARY 26, 2018
After first announcing the service last summer, PayPal has released an instant transfer feature that lets consumers send money from Venmo to their debit cards without waiting days for their funds to appear, The Verge reported. The service will only work with Visa and Mastercard debit cards, however.
PYMNTS
MARCH 31, 2020
PayPal is relaxing some of its payment fees for small businesses due to the COVID-19 crisis – including allowing customers to defer repayments on business loans. Additionally, in partnership with Mastercard , PayPal will double the amount of instant cashback rewards on eligible purchases with a PayPal business debit card.
PYMNTS
JULY 12, 2018
Uber and Venmo , the payment app owned by PayPal, announced on Thursday (July 12) that they’re partnering to deliver a new payment experience available with Uber and Uber Eats. The companies also said users can share their purchases in their Venmo feeds with custom emojis that are exclusive to the partnership. Low Venmo balance?
Basis Theory
MARCH 13, 2024
In today’s digital, virtual world, there are vanishingly few businesses remaining who can operate on a cash basis - everyone has to accept digital payments , like credit cards, debit cards, and cash apps like Venmo and PayPal.
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. Apple’s Expensive Card. Venmo Steps up Its Game Against Zelle. the company said.
Clearly Payments
FEBRUARY 27, 2025
Digital payments continue to evolve, with credit and debit cards still dominant, but digital wallets now account for 40% of all online transactions. In 2025, PayPal expects a 6% to 10% growth in adjusted profit. United States The United States remains one of the world’s largest ecommerce markets, with $1.8
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. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.
PYMNTS
OCTOBER 18, 2019
Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year. PayPal Launches Venmo Credit Card. Venmo started with P2P payments and rolled out a debit card last year.
PYMNTS
APRIL 9, 2019
The new Disbursements Tracker highlights recent efforts by businesses, banks and government agencies to improve payment practices by delivering on consumers’ speedy expectations, and how th e rise of peer-to-peer (P2P) services like Venmo and Zelle are raising the disbursements bar. Around the World of Disbursements.
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.
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?
Stax
JULY 9, 2024
From a consumer’s perspective, that means any transaction that doesn’t need a physical credit card, debit card, prepaid cards, or checks. Peer-to-peer digital payments Venmo, PayPal, and even Facebook Messenger are examples of peer-to-peer electronic payment solutions.
Payment Savvy
NOVEMBER 8, 2022
The main types of EFT include banking, mobile banking (such as Venmo, Stripe, and Paypal), digital wire transfers, and transferring between bank accounts. Using your debit card to buy groceries or withdraw cash from an ATM is technically an EFT in the broader sense. Lost or stolen debit cards.
PYMNTS
APRIL 24, 2019
The Zelle network is used by upwards of 5,391 financial institutions, either through a mobile banking app or by registering a debit card with Zelle’s app. Zelle also had a fortuitous fourth quarter , along with Venmo. Meanwhile, for the full year 2018, Zelle had $119 billion worth of payments via 433 million transactions.
Fintech Finance
OCTOBER 15, 2024
This unified approach facilitates both premium collections and claims disbursements, ensuring a consistent and efficient experience for policyholders.
PYMNTS
APRIL 26, 2018
There was a lot going on during PayPal ’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst expectations nearly across the board and even forecast a better-than-expected result for the rest of the year. PayPal does not want to be a bank. “I
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content