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November 27, 2018 02:43 am -05
Venmo apparently had a good reason for disabling web payments and temporarily shutting off instant money transfers -- it was losing money hand over fist. The Wall Street Journal has obtained documents indicating that the PayPal-owned service took a...
Original Link: https://www.engadget.com/2018/11/26/venmo-losses-blamed-on-payment-fraud/
Venmo lost a lot of cash due to payment fraud
Venmo apparently had a good reason for disabling web payments and temporarily shutting off instant money transfers -- it was losing money hand over fist. The Wall Street Journal has obtained documents indicating that the PayPal-owned service took a...Original Link: https://www.engadget.com/2018/11/26/venmo-losses-blamed-on-payment-fraud/
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Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget