Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

  • BombOmOm@lemmy.world
    link
    fedilink
    English
    arrow-up
    12
    arrow-down
    4
    ·
    1 year ago

    While that is true, I have also had issues with Venmo that I have never had with PayPal. I have no clue what the back-end difference is, but I stopped using Venmo after they decided a small payment to a friend was suspicious and locked my account. Meanwhile, payments to that same friend via PayPal have been fine.

    • 6daemonbag@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      13
      arrow-down
      1
      ·
      1 year ago

      I’ve been locked out of my PayPal since 2005. On their end my account is somehow both locked and nonexistent, creating a loop of error messages. Last time I tried to have a real human fix it they basically shrugged, and that was about 7 years ago haha