This Is How PayPal and Venmo Make Money

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So you have a PayPal account and you’ve been buying goods and transferring money back and forth with friends and family, all without ever paying a cent. Can this be real? How can PayPal afford to let you do that? Or maybe you’re wondering how PayPal made $ 3.239 billion in revenue in Q3 2017, about 21 percent more than what it made in Q3 2016. PayPal is raking in the cash and¬†continues to grow even to this day. Where is all of that money coming from? In this article, we’ll explore how PayPal and Venmo (a separate payment service owned…

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