Venmo brings third-party payment support, but for only two apps right now

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/Bj9ykk9D6CxGavmdt3iTfA--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en-US/homerun/digital_trends_973/52f3be15291bdc29ebf3ae7624205050 (http://news.yahoo.com/venmo-brings-third-party-payment-180346987.html)Venmo is getting a little more functionality than just splitting the bill and sending money to your friends — the PayPal-owned company announced it’s opening up third-party payment support. What does that mean? Similar to how Apple Pay or Android Pay-works, you’ll be able to pay for items in supported apps using Venmo with the tap of a button. The feature is iOS-only at the moment and only works with two apps at the moment. Related:- Wallet wars: Apple looks set to enter crowded person-to-person payments market “When selecting a payment method within a merchant’s app, simply tap the Venmo button,” Michael Vaughan, Venmo’s general manager, said in the blog post announcement. “Your Venmo account will be instantly connected to the app and you will be all set to pay — without the hassle of re-entering your payment information.” Orders made with Venmo in third-party apps will have their details stored in the Venmo app under user’s purchase history. Related:- Look out, Apple Pay and Android Pay — here comes Target Pay Unfortunately, as of now, this feature only works with Gametime and Munchery. Gametime lets you buy concert and sports tickets last minute at low prices, and Munchery is a food delivery service. Venmo says “more merchants and additional functionality” are coming soon, and while the feature is only available to “select users,” as in-beta, the peer-to-peer payments company says it will continue to add new users regularly as it receives more feedback. While it’s incredibly small-scale with a slow rollout right now, the-new implementation puts PayPal’s Venmo in direct competition with the plethora of mobile payment systems in other apps like Apple Pay, Android Pay, and Visa Check. Also watch: Apple iPhone 6S Plus vs. Samsung Galaxy S6 Edge Please enable Javascript to watch this video



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