If you got ever confused which online platform of online payment service you should choose between then have a look at the differences between top 2 payment services that is PayPal Vs Venmo.
If we take a look back at our lives, we notice how far we have come and how much we have grown as an individual and a human being. The world too has had a huge makeover. Hundreds of things have changed, technology has advanced, and by the looks of it, the world is moving into a digital era. Or should I say we have entered into the digital era?
From shopping to dating everything is online. We sit in the comfort of our homes and enjoy these little luxuries. What about the payment? Yes, that too is online. Thanks to the online payment services who have made life easy for all of us. We don’t have to wait in long ATM queues or with cheques for them to be transferred. Online service is instantaneous and stress-free.
A number of mobile wallet services have cropped up in the recent years. They compete with each other bringing out new and improved techniques the other doesn’t possess.
PayPal is often the first choice; at the same, we have many other options like Amazon payments, Google wallets, Venmo etc.
Here let’s take a look at PayPal and Venmo and their pros and cons.
PayPal is a mobile payment app that is the fastest and safer way to buy and sell goods. A started online service in 2002 PayPal is an American company that deals with online payment solutions worldwide. They act as the mediator in processing the payments for auction sites, online vendors and other users at a minimal charge. Through PayPal users can donate money or receive donations, buy and sell goods.
Another mobile payment app started by two friends in 2009 is a subsidiary of PayPal. Generally preferred by youngsters as the website claims it’s made ‘for friends and those who trust each other’.
We will now see the comparison between PayPal Vs Venmo.
The table gives the comparison between PayPal Vs Venmo based on their compatibility , payment methods , Credit fee , Debit fee , Bank transfer fee , Withdrawal speed , transfer limits , Special features.
With Venmo you can pay the other person even if they don’t have Venmo. The only drawback is supposed you send the amount to the wrong person it’s not retrievable. The only way to get it back is to ask politely, which again depends on the person on the receiving end.
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Mobile wallets are quite essential for easy and stress-free transactions. We can travel anywhere in the world and not carry cash at all. It’s much lighter and secure. You don’t have the fear of leaving the wallet at home or not having enough cash. People love to travel light and this is the best option and also the best which many are following in the present day.