You can now make in-app purchases with Venmo
- 8 years ago
PayPal is finally beginning to make money off of Venmo.
The peer-to-peer payments app so popular among millenials can now be used to make in-app purchases, PayPal announced Wednesday.
With the update, Venmo will now appear as a payment option within Munchery, a meal delivery app, and Gametime, a ticketing app.
Once you've connected either app with your existing account, you can make payments through the accounts linked to your Venmo account and you can publicly share the transaction through the app's social feed as you would with other purchases.
Venmo, of course, is primarily known for its social aspect in making it easier for friends to split cab fares, bar tabs and other transactions.
Braintree's Jay Parekh points out that this stands to be one of the biggest advantages for in-app payments since you'll also be able to split these purchases with friends, just as you would with a typical Venmo transaction.
The peer-to-peer payments app so popular among millenials can now be used to make in-app purchases, PayPal announced Wednesday.
With the update, Venmo will now appear as a payment option within Munchery, a meal delivery app, and Gametime, a ticketing app.
Once you've connected either app with your existing account, you can make payments through the accounts linked to your Venmo account and you can publicly share the transaction through the app's social feed as you would with other purchases.
Venmo, of course, is primarily known for its social aspect in making it easier for friends to split cab fares, bar tabs and other transactions.
Braintree's Jay Parekh points out that this stands to be one of the biggest advantages for in-app payments since you'll also be able to split these purchases with friends, just as you would with a typical Venmo transaction.