- June 30, 2021
- Posted by: Stratford Team
- Category: Business
‘The Wolf of All Streets’ podcast host discusses growth in the cryptocurrency space.
Venmo will soon be adding fees for some previously-free services and hiking existing fees on others, the mobile transaction service informed its customers.
PayPal, the cash app’s parent company, also announced forthcoming increases in its own consumer and merchant fees.
Ticker Security Last Change Change %PYPL PAYPAL HOLDINGS, INC. 292.76 -0.89 -0.30%
In an email to users last week, Venmo informed its customers that starting July 20, “users who receive payments that are identified by senders as for goods and services will be charged a seller transaction fee of 1.9% + $0.10.” Such transactions have thus far been free on Venmo except for credit card transactions, which carry a 3% charge on the service.
CRYPTOS NOW PART OF VENMO’S OFFERINGS
The company further informed users that its current fees for instant transfers to bank accounts would also be going up soon….
