PayPal raises fee for Venmo payments

Jamie McKane

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PayPal raises fee for Venmo payments

PayPal Holdings Inc. increased a Venmo fee as part of a broader push to make money from the fast-growing mobile payment service, prompting backlash from users on social media.

PayPal said it will charge 1 percent when Venmo account holders transfer money quickly to their bank accounts, starting Nov. 6.

[Bloomberg]
 
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