<p>Fees for instant transfer of funds on Venmo and PayPal are both increasing in May and June. </p>
<p>Instant Transfer allows customers to transfer their money instantly to a bank account or debit card for a fee. With Standard Bank Transfers, customers who can wait a few days can transfer their money for no fee, which will typically arrive within 1-3 business days. </p>
<p>Instant Transfer fees are going up on both Venmo and PayPal, which are both owned by PayPal Inc.</p>
<p>For personal accounts on PayPal and consumer and business profiles on Venmo, users will pay 1.75% of the transfer amount, with a minimum fee of $0.25 USD and a maximum fee of $25 USD. </p>
<p>For PayPal merchant accounts, the company will maintain the existing rate of 1.5% of the transfer amount, change the minimum fee to $0.50 USD, and remove the existing $15 USD cap in place of a new, no-maximum-fee cap structure. These pricing changes will be effective for Venmo customers on May 23, 2022. The pricing changes will be effective for PayPal customers on June 17, 2022.</p>

FREMONT -- EnerVenue Holdings, a company commercializing energy storage solutions designed to behave like durable…
Nasdaq announced that memory provider Sandisk Corporation will be added to the prestigious Nasdaq-100 Index…
SAN JOSE -- Bloom Energy has announced an expanded partnership with Oracle to support the rapid…
SAN FRANCISCO -- Luminai, an AI-native enterprise automation platform built for healthcare operations, has closed a $38…
Meta has formed a partnership with British semiconductor firm Arm to develop a new class…
SANTA CLARA -- SiFive, a chip design firm, has raised $400 million in an oversubscribed…