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Fed’s new instant payment system could be trouble for PayPal, Venmo(arstechnica.com)

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Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

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TenderfootGungi@lemmy.world
23 points

Venmo is owned by PayPal.

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BombOmOm@lemmy.world
13 points

While that is true, I have also had issues with Venmo that I have never had with PayPal. I have no clue what the back-end difference is, but I stopped using Venmo after they decided a small payment to a friend was suspicious and locked my account. Meanwhile, payments to that same friend via PayPal have been fine.

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6daemonbag@lemmy.dbzer0.com
12 points

I’ve been locked out of my PayPal since 2005. On their end my account is somehow both locked and nonexistent, creating a loop of error messages. Last time I tried to have a real human fix it they basically shrugged, and that was about 7 years ago haha

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