Venmo to Charge People for Marketing Products and Providers

Venmo, the payments app owned by

PayPal Holdings Inc.,

PYPL -1.23%

will soon allow for customers to offer items and expert services on their personalized accounts, for a charge.

Underneath the app’s former rules, end users ended up prohibited from obtaining income for business enterprise transactions by means of own Venmo profiles. Customers suspected of violating the policy could have their accounts suspended.

The new plan, disclosed in a letter to customers about phrases-of-services updates, will choose outcome on July 20.

A Venmo spokeswoman claimed the most recent variations necessarily mean people who really don’t want to develop a enterprise

Read more