Beruflich Dokumente
Kultur Dokumente
It allows users
to transfer money between one another using a mobile phone app or web interface.
In the third quarter of 2014, Venmo processed $700 million of payments between
people.[1] Venmo strictly prohibits the use of their service to purchase merchan
dise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo
eir bank accounts,
ards have a 3% fee
is bank grade, and
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
to visit Kortina.
started working on
ototype sent money
text messages to a
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo
eir bank accounts,
ards have a 3% fee
is bank grade, and
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
to visit Kortina.
started working on
ototype sent money
text messages to a
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo
eir bank accounts,
ards have a 3% fee
is bank grade, and
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
to visit Kortina.
started working on
ototype sent money
text messages to a
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo balance that is used for their transactions. They can link th
eir bank accounts, debit cards, or credit cards to their Venmo account. Credit c
ards have a 3% fee for each transaction.[3] Venmo has claimed that its security
is bank grade, and that personal and financial data are encrypted and protected
on secure servers to guard against any unauthorized transactions,[4] however, th
ese security claims have been questioned by journalists, security researchers, a
nd the California Office of Business Oversight.[5][6][7]
A unique aspect of Venmo is its social aspect. When a user makes a transaction,
the transaction details (stripped of the payment amount) are shared on the user'
s "news feed" and to the user's network of friends.[8] The transactions can be m
ade private, but most users do not change the privacy settings.[9]
History[edit]
Venmo was founded by two friends, Andrew Kortina and Iqram Magdon-Ismail, who me
t as freshman roommates at the University of Pennsylvania. According to Kortina,
the idea of Venmo originated when Magdon-Ismail forgot his wallet during a trip
to visit Kortina. The process of settling their accounts was a hassle, so they
started working on a way to send money through mobile devices. Their original pr
ototype sent money through text messages, but they eventually transitioned from
text messages to a mobile app.[10]
In 2012, Braintree acquired Venmo for $26.2 million. In 2013, PayPal acquired Br
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]Venmo is a mobile payment servic
e that is now a part of PayPal. It allows users to transfer money between one an
other using a mobile phone app or web interface. In the third quarter of 2014, V
enmo processed $700 million of payments between people.[1] Venmo strictly prohib
its the use of their service to purchase merchandise.[2]
Contents [hide]
1
Service
2
History
3
See also
4
References
5
External links
Service[edit]
Venmo is a mobile payment service that lets users transfer money to each other.
Users sign up using their mobile app or on the Venmo website and they can find o
thers who have created an account.
Users have a Venmo
eir bank accounts,
ards have a 3% fee
is bank grade, and
aintree for $800 million.[10] PayPal announced in October 2015 that it plans to
let merchants accept payments through Venmo.[11]