I'm an old school PayPal user. Of course Old West Poker Supplies has been using PayPal for it's checkout services for since our company was founded in 2003. Now apparently all the rage is Venmo amongst "millennials". It seems to be a popular choice for that younger generation for making payments and exchanging money between friends. Well, if you happen to be a Venmo user you'll be able to use it to checkout using PayPal very soon.
"What is Venmo? Venmo is a popular social payments service that lets people make and share payments with their friends, family and approved businesses. Accepting Venmo payments can give you access to new buyers and provide marketing exposure for your business when Venmo users choose to share purchases through their Venmo social feed."
The big secret to most Venmo users is that PayPal owns the company. It became part of the PayPal family in 2013. This is all news to me as well. I mean it's really news to me because I quite literally just downloaded the Venmo app to my phone after reading the announcement from a PayPal email this morning.
"As part of our commitment to deliver payment innovations that give your customers more ways to pay, we’re pleased to announce a new feature of your PayPal account: Venmo users will soon be able to make mobile purchases through your PayPal checkout," according to PayPal.
I'm sure I'll be learning a lot more about Venmo soon. And I want to welcome everyone who uses that handy little app. I'm sure there will be some incentives rolled out to encourage Venmo users to make purchases through stores that accept PayPal. I guess we'll see soon.