Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Amazon drops Venmo payment option By: FOX Business December 07, 2023 at 14:40 PM EST Amazon and PayPal announced on Wednesday that they agreed to disable the Venmo payment option starting as soon as next month. Venmo was founded in 2009 and acquired by PayPal in 2013. Amazon is dropping Venmo as a payment option starting next month. Effective January 24, Amazon users will no longer be able to use Venmo on the company's website or its mobile app, the Seattle-based e-commerce giant confirmed to FOX Business.The company said that customers will still be able to "use nearly a dozen other payment options," including debit cards, credit cards, checking accounts, or installments to pay for their orders, according to Amazon. PARENTS SHIFT TO VENMO, PAYPAL, ZELLE TO PAY TEENSVenmo was founded in 2009 and acquired by PayPal in 2013. A PayPal spokesperson told FOX Business that both companies agreed to disable the payment option. However, "customers can continue to add their Venmo debit card or credit card to their Amazon wallet to pay on Amazon," the spokesperson said. MONEY KEPT IN PAYPAL, VENMO, OTHER PAYMENT APPS LESS SAFE THAN IF STORED IN BANKS, CFPB WARNSGET FOX BUSINESS ON THE GO BY CLICKING HEREIt sees this business as an area where it can drive profitable revenue growth. To date, brands including McDonald's, Starbucks, Domino’s, DoorDash, Uber, Microsoft and GoFundMe have added Venmo as a payment option at checkout. PayPal reported that Venmo's total payment volume rose by 7% to $68 billion in the third quarter. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Amazon drops Venmo payment option By: FOX Business December 07, 2023 at 14:40 PM EST Amazon and PayPal announced on Wednesday that they agreed to disable the Venmo payment option starting as soon as next month. Venmo was founded in 2009 and acquired by PayPal in 2013. Amazon is dropping Venmo as a payment option starting next month. Effective January 24, Amazon users will no longer be able to use Venmo on the company's website or its mobile app, the Seattle-based e-commerce giant confirmed to FOX Business.The company said that customers will still be able to "use nearly a dozen other payment options," including debit cards, credit cards, checking accounts, or installments to pay for their orders, according to Amazon. PARENTS SHIFT TO VENMO, PAYPAL, ZELLE TO PAY TEENSVenmo was founded in 2009 and acquired by PayPal in 2013. A PayPal spokesperson told FOX Business that both companies agreed to disable the payment option. However, "customers can continue to add their Venmo debit card or credit card to their Amazon wallet to pay on Amazon," the spokesperson said. MONEY KEPT IN PAYPAL, VENMO, OTHER PAYMENT APPS LESS SAFE THAN IF STORED IN BANKS, CFPB WARNSGET FOX BUSINESS ON THE GO BY CLICKING HEREIt sees this business as an area where it can drive profitable revenue growth. To date, brands including McDonald's, Starbucks, Domino’s, DoorDash, Uber, Microsoft and GoFundMe have added Venmo as a payment option at checkout. PayPal reported that Venmo's total payment volume rose by 7% to $68 billion in the third quarter.