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$PYPL possibility of a ‘bank run’ on Venmo & PayPal? DD

May 9, 2023 10:08 pm

by Mason-Harder I recently realized that I’d allowed a $3,751 balance build-up in my Venmo account, mostly from reimbursements from friends for shared dinners out. Knowing that PayPal and its Venmo accounts are not FDIC insured, I began to wonder how …

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Services like Venmo are starting to report transactions over $600 to the IRS

October 18, 2022 10:38 amOctober 17, 2022 9:55 pm

An article about it from earlier in the year https://www.nbcnews.com/news/venmo-paypal-zelle-must-report-600-transactions-irs-rcna11260 h/t Weird_Werewolf_4952

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Small business owners who use services like PayPal and Venmo for payments previously could, in theory, avoid paying taxes on money earned there if they made less than $20,000. But a new IRS rule is changing all of that. No worry for billionaires, this won’t change anything for them.

June 9, 2022 7:43 pm

by pacmanpill IRS cracking down on the local business instead of multi-million dollar cooperations is the last straw to show how f*cked we are.

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Venmo, PayPal and Cash App will now have to report transactions totaling more than $600 to the IRS

January 5, 2022 10:04 pm

President Biden’s IRS is cracking down on payments made through third-party apps, requiring platforms like Venmo, PayPal and Cash App to report transactions if they exceed $600 in one year. The new reporting requirement will ensure that small businesses that …

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Venmo just put crypto access in the palm of everyone’s hand

April 21, 2021 8:22 am

New York (CNN Business) Bitcoin and similar cryptocurrencies have gone increasingly mainstream, but Tuesday’s announcement that Venmo is adding crypto support just put crypto access in the palm of everyone’s hand. Venmo, which is owned by PayPal (PYPL), said its …

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Chipotle teams with Venmo as it takes its rewards program national

March 13, 2019 11:03 am

https://www.cnbc.com/2019/03/12/chipotle-teams-with-venmo-as-it-takes-its-rewards-program-national.html Chipotle Mexican Grill is expanding its Chipotle Rewards program national as its digital platform continues to see major growth. Users can enroll via the Chipotle website or app, receiving 10 points for each dollar spent, earning a free entree …

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Uber and Uber Eats to Accept Venmo for Payments

July 12, 2018 9:21 pm

Two popular mobile services are moving closer together. Ride hailing service Uber said on Thursday that it was adding an option in its apps for customers to pay directly with PayPal’s Venmo service. The feature rolling out in coming weeks …

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