Although the two services do the same thing in the end, there are differences between the two. Now a new eMarketer report predicts that Zelle users will overtake Venmo users by the end of the year, with Zelle growing by more than 73% to reach 27.4 million U.S. users -- … PayPal has proven to be the trusted source for online payments over the last 20+ years. The first angle we explored was which company was capturing a larger share of the potential immigrant users. Payment Speed. While the apps may be similar in some regards, there are also significant differences. Most banking transfers between accounts require account numbers to initiate transactions, and these transactions can take up to several business days. Venmo Vs Zelle Best Mobile Payment App In 2020 Last Updated on: December 30, 2020 by Brad There are a lot of different mobile payment apps out … Shortly after it’s IPO, PayPal was acquired by eBay (2002), only to become a spin-off of eBay several years later (2014). 88 57. Venmo, Zelle, PayPal, Cash app, and Google Pay compared: Which is the best money transfer service? PayPal vs Venmo vs Zelle. The biggest difference between the two apps has to do with how long it takes to process payments. Zelle vs. Venmo: What to know about security on cash-sending apps Updated Jan 10, 2020; Posted Jan 10, 2020 Apps that allow you to send cash are becoming commonplace. Because of Zelle’s advantage of being a part of the bank account, it captures a large userbase, in general. If the tenant misdirects the payment to the wrong person, the service will not issue a refund or transfer the money to the intended recipient. With payments through Zelle and Venmo, neither the landlord nor the tenant is given any protection. If in doubt, go with Venmo. Zelle vs. Venmo: The Differences. You can explore the differences between Zelle and Venmo to decide which P2P payment app is best for you. Zelle is great, but if your bank or your friend’s bank doesn’t support Zelle, then the process becomes more complicated. Speed. According to company reports, Zelle processed $35 billion in P2P (person-to-person) payments in Q4 2018 versus $19 billion for Venmo. What Is Better – Zelle or Venmo? PayPal became the most popular payment method on eBay and it was also the default choice. If both users have a Zelle account, this is definitely a much faster option. Venmo vs. Zelle Overview Twice as Many Immigrants are Using Zelle. For the full year, Zelle… Transfers are instant, no matter the amount of money you may be sending. 2020/07/29 10:12am PDT Jul 29, 2020. Unlike Venmo, money transferred using Zelle moves directly from one bank account to another. Popularity. Overall, Venmo is the most straightforward option if you’re just looking for an easy way to pay friends back with little hassle. Summing up Zelle vs. Venmo. 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