Zelle is also mentioned in the article, which I don’t know much about but use because they partnered with a bunch of banks, mine and my parents included. My boomer parents who have always been afraid of PayPal because of the sheer number of scammers pretending to be PayPal (which, to be fair, if you’re not tech savvy enough to avoid the scams, avoiding the platform they’re pretending to be actually works), but they use Zelle, because of that bank integration.
Comment on PayPal to Cut Around2,500 Jobs as Rivals Snag MarketShare
Landless2029@lemmy.world 11 months agoWebsites now take Google pay.
Restaurants and startups are using toast and squarespace.
People are using cash app and venmo.
There are a lot more alternatives to PayPal than 10 years ago.
AlligatorBlizzard@sh.itjust.works 11 months ago
Landless2029@lemmy.world 11 months ago
Yeah I forgot about Zelle. I used to wire transfer with my family and everyone immediately switched to Zelle when it was integrated.
Jeknilah@monero.town 11 months ago
Venmo is owned by PayPal. Probably has the same terrible TOS.