PayPal is charting a bold course for its popular payment app, Venmo, with an ambitious strategy to boost revenue to $2 billion by 2027. With a strong foothold of 90 million users in the United States,

Thousands of Venmo users reported experiencing login issues on Thursday afternoon, with many unable to access the app. According to Downdetector, which tracks real-time online outages, at least 2,700 users reported problems.

Venmo users experienced an outage on Thursday, with reports of issues spiking to over 2,500 by 11 a.m., according to Downdetector.com.

Ever been out with friends, split the check, and then someone says, “Just Venmo me?" If you’re new to the app, you might be wondering, how do I set up Venmo?

If you’ve received your Venmo card, you’re probably eager to start using it. But you’ll need to activate it. Here's how to activate your Venmo debit card.

The company’s branded checkout business — historically its most profitable segment — faces mounting competition from Apple Pay, Google Pay and others.

Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount to you — and to the IRS.

Additionally, business owners using payment apps like Venmo and PayPal will now receive a tax form called a 1099-K to assist in filing. And in sad news for fans of I bonds: You can no longer use your tax returns to buy more than the $10,000 annual limit. Here’s more on what’s new this tax season:

Others impacted by the reported outage expressed their frustration on the glitch — and silence from the company — on Venmo’s most-recent social media post on X.

PayPal says Venmo will be generating $2 billion in revenue by 2027. Its chief executive Alex Chriss explained how at an investor event today.

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.