Don’t send money to people you don’t know on Venmo. Yes, Venmo makes it simple to buy or sell goods and services. But not everyone acts in good faith. If you’re a seller, be aware that ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

According to a paper published in Qualitative Market Research, paying for goods or services with cold hard cash has a ...

which is allowed on Venmo with approval, or more illegal services—like paying a bookie, a pot dealer or a prostitute, which are explicitly banned. And while most of these transactions fly below ...

Use of Venmo, Zelle, mobile apps on the rise With ... using digital payment apps to pay friends and family and to buy goods and services. In 2023, 72% of consumers used an online or mobile payment ...

Additionally, teens are not allowed to initiate bank transfers to or from their Venmo account, cash checks, or receive payments for goods or services. A Venmo Teen Account can only be linked to ...

BOSTON — Massachusetts will have regulatory oversight of Venmo, PayPal and other cash payment apps under a consumer protection bill signed into law by Gov. Maura Healey, making the state ...

It’s been operational since 2009 and has been owned by PayPal since 2013, which is one of the most reliable payment services out there. With over 80 million users, Venmo has strong security ...

Small businesses and freelancers using payment platforms like Venmo and PayPal will face ... “The idea is that this is for goods and services being sold for profit.” Each payment app is ...

Some popular payment apps include PayPal, Venmo and Cash App ... be reported on a 1099-K must be flagged as payments for goods or services from the vendor. When you select "sending money to ...