Do you keep money in payment apps? Here's why you probably shouldn't [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: Yahoo! Finance
Tomasko, 31, a freelance software consultant in Chicago, understands why people appreciate the ease of the apps, which typically only require you to know someone's username to send money. But she realized that keeping money in the apps could be risky and means losing out on the interest from a high-yield savings account. She now immediately transfers any payments out of the apps and encourages friends to do the same. “I'm definitely the one that is always harping about high-yield savings accounts,” Tomasko said. “But if you're in an industry dealing with a lot of cash — bartending, say — sometimes you're just worried about finding a place to deposit it. It's not always a fun thing to talk about.” As the use of payment apps has grown in recent years, the Consumer Finance Protection Bureau has issued guidance on best practices to avoid pitfalls. For example, funds stored on Venmo or Cash App typically lack the deposit insurance you'd get from a bank, except in certain cases. “Pop
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PYPL
News
- PayPal Holdings, Inc. (NASDAQ: PYPL) had its price target raised by analysts at Wells Fargo & Company from $70.00 to $75.00. They now have an "equal weight" rating on the stock.MarketBeat
- Unpacking The Shift To Commerce Media In Digital Advertising [Forbes]Forbes
- United Kingdom E-Commerce Payment Market Forecast Report and Company Analysis 2024-2032: Competition Among Payment Companies has Increased, Spurring Significant Innovations [Yahoo! Finance]Yahoo! Finance
- Paypal (PYPL) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Why you shouldn't store your money in payment apps [Yahoo! Finance]Yahoo! Finance
PYPL
Earnings
- 7/30/24 - Beat
PYPL
Sec Filings
- 10/15/24 - Form 4
- 9/3/24 - Form 4
- 7/30/24 - Form S-8
- PYPL's page on the SEC website