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eBay Launches Venmo as a Payment Option
eBay is expanding payment method choice at checkout by adding Venmo. The move to introduce new, popular and modern payment options aligns with the evolving preferences of today’s digital natives. This convenient, simple, and safe payment method will bring eBay buyers in the U.S. even more choice and flexibility during the checkout experience.
Known for its popularity among Gen Z and Millennials, buyers can enjoy the simplicity of paying for purchases with their Venmo balance, or their bank account, debit card, or credit card linked to their Venmo account.
By integrating Venmo, a platform already embraced by more than 90 million highly engaged users, eBay taps into the modern and mobile-first consumer. Notably, a vibrant 28% of Venmo’s users are Gen Zers and Millennials within the 18 to 29 age bracket—a demographic renowned for its tech-savviness.
Given that over 60% of eBay volume comes from mobile devices, Venmo’s mobile platform is ideal for digitally savvy shoppers looking for a simple and fast checkout process.
The ability to pay with Venmo will be available to U.S. buyers on eBay.com and the eBay app in the coming week.
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