With more than 400 million active account holders around the world, PayPal is a money transfer giant. Because the service is so ubiquitous, many online merchants and customers know and trust it.
Users who keep their money in these apps — whose transaction volume is projected to reach $1.6 trillion by 2027 — may miss out on earning interest elsewhere, say financial experts and one Chicago ...
Venmo defends its "public-by-default" privacy setting, arguing it makes the app engaging. But critics say it’s an invasion of privacy or, worse, fodder for fraud.