>In summer 2012, Venmo was acquired by online payments platform Braintree, which was in turn bought out by PayPal in the fall of 2013. Ah, that explains it. Pa

>In summer 2012, Venmo was acquired by online payments platform Braintree, which was in turn bought out by PayPal in the fall of 2013. Ah, that explains it. PayPal is a company that has no problems with stealing money from its own customers, so it's no surprise that they're perfectly happy being complicit in fraud.