Hello.
I received an email from Paypal with changes to the user agreement. The only real area I am not understanding is where Paypal mentions Venmo. I have no idea what this is.
Quoted from the new agreement for the part (s) I do not [URL removed]
“Amendment to the PayPal Account User Agreement for Sellers
We’re updating our User Agreement in anticipation of expanding our capabilities for PayPal Payouts. PayPal Payouts is being enhanced to allow payments to be directed to Venmo account holders in addition to PayPal account holders.
PayPal may use any of the payment methods linked to a seller’s PayPal account to prevent the seller’s account from becoming negative when there are not sufficient funds in the account for seller refunds, reversals and chargebacks."
Link to Paypal [URL removed]
[URL removed]
Thanks,
Sharon
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EmpressDepot Reputation: 7344 See EmpressDepot's booth |
“Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S.” – from Bing
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Ms_Prissys_Patterns Reputation: 366 See Ms_Prissys_Patterns' booth |
My Son told me about Venmo last year. I use it almost daily. It is like a debit card. You link it to your checking account and when you use it to pay the card just withdraws the funds from your checking account. You can also keep funds loaded onto it if you prefer it not to come from your checking account. I love my Venmo card! Also it is very easy to transfer funds to your children or even split payments with friends when out to dinner.
It is not just an app. They send you a real card with a chip and you set it up just like a credit card only better.
My son assures me it is the latest with the college crowd! They all use it.
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SouthRenBeauty Reputation: 46 See SouthRenBeauty's booth |
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