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Provides additional security features like two-factor authentication that help keep your account safe from hackers Venmo was designed with a mobile-first approach and boasts an easy-to-use interface that supports both iOS and Android devices PayPal is easy to use, thanks to a simple user interface and instant account creation Venmo is a digital wallet that lets you make and share payments with friends

PayPal is a digital wallet that allows people to send money online or through a mobile app. ©Piotr Swat/ PayPal vs Venmo: Side-by-Side Comparison Venmo was aimed at friends and family who wish to split bills.

This guide compares Venmo and PayPal’s features, security, privacy, customer service, and more to make an informed decision on which one is right for you. However, many differences between PayPal and Venmo will help you decide which one you’ll use the most. They both allow people to send and receive money from each other, and they both have apps that will enable the person sending the money to add a personal message, like Thanks! with each payment. Using PayPal and Venmo to pay people you know can seem similar at first glance. These platforms are used to transfer and receive money electronically between people. PayPal and Venmo are two online payment services that serve or are used by millions of individuals around the world to make transactions and payments more convenient. Various businesses offer apps and wallet-based platforms to make it easier for people to transact. With the evolution of smartphones, online payments are becoming more prevalent.

It offers more payment solutions than most other similar services, but a new fintech called Venmo is trying to make an impact.

When it comes to online payments, it is pretty obvious that PayPal is the first company that pops into your head. One nice perk to Venmo, however, is the fewer days required to withdraw money.One big drawback of Venmo is that you can only use it in the United States.Both of these apps have very useful and similar features that will accomplish sending money easily.