PayPal and Amazon agree to disable Venmo as a payment option
- Venmo will no longer be a direct payment option on Amazon.com starting in mid-January
- Customers can still use other payment options such as debit cards, credit cards, checking accounts, or installments
- PayPal and Amazon have agreed to disable Venmo as a payment option on Amazon
- Customers can still use their Venmo credit or debit cards to pay on Amazon
- PayPal is looking to refocus its business under new leadership
Venmo will no longer be available as a direct payment option on Amazon.com starting in mid-January. Customers can still choose from a variety of other payment options such as debit cards, credit cards, checking accounts, or installments. PayPal and Amazon have agreed to disable Venmo as a payment option on Amazon, but customers can still use their Venmo credit or debit cards to pay for purchases. PayPal is currently undergoing a business refocus under new leadership.
Factuality Level: 7
Factuality Justification: The article provides information about Venmo no longer being a direct payment option on Amazon.com, as confirmed by both companies. It includes statements from Amazon and PayPal representatives. However, the article also includes some unnecessary information about PayPal’s refocusing of its business and the stock performance of PayPal and Amazon, which are tangential to the main topic.
Noise Level: 3
Noise Justification: The article is short and to the point, providing information about Venmo no longer being a payment option on Amazon. However, there is some irrelevant information about PayPal’s new leadership and stock performance that is not directly related to the main topic.
Financial Relevance: Yes
Financial Markets Impacted: Venmo users and Amazon customers
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the removal of Venmo as a payment option on Amazon’s website and mobile app. However, there is no mention of any extreme event or its impact.
Public Companies: Amazon.com Inc. (AMZN), PayPal Holdings Inc. (PYPL)
Key People: Alex Chriss (Chief Executive of PayPal)
Reported publicly:
www.marketwatch.com 
