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Old 03-05-2021, 05:25 PM   #1
 
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Default Venmo Clone - Omninos Solutions

Venmo Clone does not charge individual customers for sending or accepting orders, and it also does not charge monthly or annual rates. Venmo makes money by charging companies a 2.9 percent premium for its Venmo API and Venmo Touch applications, which allow users to pay via Venmo on other apps. Customers profit from free payments, although companies spend a small charge to gain customers. The 3% premium Venmo charges on credit card purchases is the company's other significant source of revenue.
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