{"id":13255,"date":"2018-10-17T00:00:00","date_gmt":"2018-10-16T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2018\/10\/17\/venmo-increases-rates-for-instant-transfers-losing-to-cryptocurrencys-fast-cheap-settlement\/"},"modified":"2021-09-18T11:36:35","modified_gmt":"2021-09-18T11:36:35","slug":"venmo-increases-rates","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/venmo-increases-rates\/","title":{"rendered":"Venmo Increases Rates For Instant Transfers, Losing to Cryptocurrency&#8217;s Fast Cheap Settlement"},"content":{"rendered":"<p>Venmo, the PayPal-owned payment service, announced via email to users that its instant transfer service will now charge a 1% fee, with a $0.25 USD minimum, up from a flat fee of $0.25 USD previously.<\/p>\n<p>Venmo allows friends to quickly send fiat money back and forth for free, as long as the money stays within the app, however, transferring that money out of the app to a traditional bank account is where complications arise. Users can still transfer to bank accounts for free, but must wait the standard 2-3 days for clearing. Instant transfers allow the money to be in users\u2019 bank accounts within 30 minutes, but comes with the additional fee.<\/p>\n<p>Read Full Article:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venmo, the PayPal-owned payment service, announced via email to users that its instant transfer service will now charge a 1% fee, with a $0.25 USD minimum, up from a flat fee of $0.25 USD previously.<\/p>\r\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Venmo Increases Rates For Instant Transfers, Losing to Cryptocurrency&#039;s Fast Cheap Settlement - Dash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dash.org\/news\/venmo-increases-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venmo Increases Rates For Instant Transfers, Losing to Cryptocurrency&#039;s Fast Cheap Settlement - 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