4 ms·
I've found that PayPal's business practices are enough reason: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-paypal-for-illegally-
by vyhd 9y ago
I've found that PayPal's business practices are enough reason: https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes-action-against-paypal-for-illegally-signing-up-consumers-for-unwanted-online-credit/ https://www.consumerfinance.gov/about-us/newsroom/cfpb-takes...
- kerkeslager 9y agoSurely parent comment starting with "Venmo came first" indicates that they don't see PayPal and Venmo as competing in the same space.
- vyhd 9y agoPayPal owns Venmo, and Venmo's profits help sustain PayPal. PayPal's business practices have rightly come under heavy scrutiny, which means that, for quite a few people, there is a compelling "reason to switch" in spite of the fact that it "came first".
- red_phone 9y agoThe article notes that Venmo is currently operating at a loss.
- kerkeslager 9y agoAh, I wasn't aware PayPal owned Venmo.