In the last article, we talked about the contactless payment apps that are currently on the market, and we named Google Pay, Paypal, and Venmo.
You can read more on those contactless payment apps here: https://bit.ly/32y9VUJ.
Today we want to focus on Paypal and Venmo to highlight their advantages and determine if one payment app is better than the other.
Since December of 2013, Venmo has been owned by PayPal, and technically all money transfers on both services are handled by PayPal Inc. Both are digital wallets that can transfer funds from one user’s bank account to others.
Differences between Paypal and Venmo:
Then what is the best payment app? If you live in the US and only want to make simple money transfers, Venmo is an excellent option. PayPal is ideal for online buyers since it offers advanced protection for both buyers and sellers.
So there is no real winner. The option you choose depends solely on your location, preferences, and needs.