Peer-to-peer payment (P2P) platforms like Venmo attempt to e…
Peer-to-peer payment (P2P) platforms like Venmo attempt to eliminate all the perceived negatives of traditional shared payments by allowing users to split bills and transfer funds between their Venmo accounts via a smartphone app. There are no fees for basic services, and personal notes can accompany each transaction. For P2P users, these benefits are referred to as