Convincing those users to “pay with Venmo” will be critical to the app’s ability to monetize. PayPal will charge retailers a fee for Venmo transactions, and has also expressed interest in using Venmo’s social feed as a vehicle for retailer promotions. … [Read more...] about PayPal expands “pay with Venmo” to 2 million online retailers
Well, kind of. It doesn’t flow directly into the recipient’s bank account. It goes onto an Apple Pay cash card. Call it Apple bucks. Cupertino’s Monopoly money. The equivalent of a gift certificate. To actually collect any of the money for rent, utilities, and all those pesky things that matter, your friend will need to manually transfer it to their bank, via an interface undisclosed in the process. It cannot be automated. In other words, Apple is making the conscious choice to sit on your money, most likely reinvesting it for millions in returns, while offering you the equivalent of a gift card for your efforts. … [Read more...] about The Sneaky Psychology Of Apple Pay–And How It Could Cost You
Pay flexibility challenges Politi says companies will also need to anticipate demand during certain periods. For example, they may see a bump in pay advances around Black Friday, when many people need a little extra cash for holiday shopping. “There are going to be challenges around the cash management and then possibly around bridge loan liquidity and the ability to get access to cash to be able to pay employees,” he says. … [Read more...] about Should you be able to pick when you get paid?
“We’ve done a really good job in certain parts of the market, but a huge part is unaddressed,” says WePay cofounder and CEO Bill Clerico. “It’s a race to capture that opportunity, and having more resources will help us go faster.” … [Read more...] about This is why JPMorgan Chase is buying payments startup WePay
9. YouTube YouTube launched in 2005 as a video-dating site. Users didn’t bite, but the company’s founders soon noticed that people had started sharing other kinds of video content. … [Read more...] about How YouTube, Instagram, Pixar, And Others Found Major Success After A Big Pivot