Im an Old Millennial with the brain of a Midwest mom.
When I first heard Venmo me from a kid (i.e.
30-something) from the city (i.e.
Venmo has a social feed that displays public interactions between your friends or even strangers. Chris Zuppa and Getty Images/The Penny Hoarder
Whatever happened to an I.O.U.?
Im caught up now, and I realize peer-to-peer payment services are a godsend.
PayPal is the O.G.
payment app or, rather, service, since it existed long before apps… or smartphones.
(A history lesson from your resident Old Millennial.)
Lets see how this classic holds up against the new model.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you could easily return later.
Well keep it updated as offers changes or expire.
Under the hood, the differences are even more stark.
Venmo vs. PayPal at a Glance
What Is Venmo?
Like how our parents used to hand each other cash orwrite a personal check(soundsbulky).
Doll it up or make it a puzzle with emojis.
Did you know?
Or you’re free to withdraw funds anytime into your linked bank account.
So PayPal owns Venmo.
PayPal is the O.G.
of the online payment platforms.
PayPal facilitates payments for online purchases using a PayPal account, or credit or debit card.
Users who have PayPal accounts can also send and request money to and from each other.
PayPals offerings are vast compared with most of its competitors in the payment processing space, including Venmo.
When you shop or sell using PayPal, the platform provides protections for you as a buyer or seller.
PayPal and Venmo offer increasingly overlapping services, but the apps still provide significantly different user experiences.
PayPal is almost ubiquitous as the payment gateway of choice for online vendors.
Whether youre a buyer or a seller, youre likely to benefit from an account with this app.
You just might have to navigate a more complicated array of features to get to the send money part.
Which is best for you depends on your personal and business needs.
You may even find that using both apps, each for different purposes, works best for your money.
It also lacks Venmos fun and social environment.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
