Venmo is one step closer to being a full-service digital wallet
Withdrawing a Venmo balance can test the limits of anyone’s patience (unless you’re in the beta program), but dayslong bank transfers used to be what it took to get your roommate’s rent check. Thankfully, that’s changing with the launch of Venmo’s web payments feature.
Starting today, Venmo users can shop and make purchases at any of the 2 million United States retailers that have teamed up with PayPal, Venmo’s parent company.
Venmo supported online payments previously, but only from a curated list of partners from Braintree, a PayPal-owned payments processor. “We’re dramatically expanding the number of places you can use Venmo to pay by leveraging the unrivaled scale of the PayPal merchant network,” Bill Ready, PayPal’s COO, wrote in a blog post.