BUSINESS + ECONOMY

Amazon to allow US customers to pay with Venmo

Oct 26, 2022, 5:00 AM
Venmo app (KSL TV)...
Venmo app (KSL TV)
(KSL TV)

NEW YORK (AP) — Amazon is rolling out a feature that allows shoppers to pay for items using their Venmo accounts.

The option to pay with Venmo will be available for select Amazon.com customers beginning on Tuesday, the e-commerce giant said in a news release. By Black Friday — the day after Thanksgiving — it will be available nationally.

Venmo is largely known for peer-to-peer transactions, but it has been expanding its offering to allow payments to businesses.

Amazon’s move to offer more payment options comes as sluggish sales numbers have pushed the company to put brakes on its warehouse expansion plans. Retailers have also been more skittish about the holiday shopping season, and are offering more discounts to clear out their bloated inventories and lure in inflation-hit consumers.

Earlier this month, Amazon held its second major sales event this year for its Prime members, the first time the company offered such discounts twice in one year. The retail behemoth did not reveal how much revenue it pulled from the event, but some estimates showed it saw lower sales.

Other reading:

 

Today’s Top Stories

Business + Economy

Shoppers walk through City Creek Center in Salt Lake City on Wednesday, Dec. 8, 2021. The Better Bu...
Mark Jones

Making the most of Black Friday, Better Business Bureau has tips

The Better Business Bureau offers tips to those shoppers who plan to shop in person on Black Friday.
4 days ago
sundance mountain resort will open a week early...
Kira Hoffelmeyer

Sundance Mountain Resort to open seven days early

SUNDANCE, Utah — Sundance Mountain Resort is opening one week ahead of schedule. The resort announced via email this morning that it expects to open on Dec. 3 because of all the snow it’s gotten, instead of its planned Dec. 9 opening. Sundance says it’s the earliest opening day they’ve had in a decade.  “We […]
4 days ago
Beautiful woman sitting at the table working with laptop at home around christmas tree rubbing eyes...
Sandee LaMotte, CNN

Expert tips on how to save your sleep from holiday stress and indulgence

If you suffer from anxiety, depression or seasonal affective disorder (a condition that causes sadness when there's less daylight), watching your sleep is key, experts said.
4 days ago
A barn on a turkey farm in Sanpete County was destroyed Tuesday morning by a fire. The fire also bu...
Mark Jones

Barn on turkey farm in Sanpete County destroyed by fire

Fire officials say a barn on a turkey farm in Sanpete County caught fire on Tuesday, burning 250 bales of hay, a tractor and a side-by-side.
5 days ago
The Biden administration is again extending the pause on federal student loan payments....
Arlette Saenz and Katie Lobosco, CNN

Biden extends student loan repayment freeze as program remains in court

The latest extension comes as the Biden administration's student loan forgiveness program remains tied up in the courts.
5 days ago
free transit rides...
Elizabeth Weiler

Free public transit rides come to Heber Valley

HEBER CITY, Utah — In the summer of 2022, Wasatch County Council approved a sales tax which is now providing funding for free public transit rides throughout Heber Valley.  Wasatch County and High Valley Transit entered a three-year, $3 million agreement to offer public bus transit services between Wasatch and Summit Counties, along with micro-transit […]
5 days ago

Sponsored Articles

Happy joyful smiling casual satisfied woman learning and communicates in sign language online using...
Sorenson

The best tools for Deaf and hard-of-hearing workplace success

Here are some of the best resources to make your workplace work better for Deaf and hard-of-hearing employees.
Team supporters celebrating at a tailgate party...
Macey's

8 Delicious Tailgate Foods That Require Zero Prep Work

In a hurry? These 8 tailgate foods take zero prep work, so you can fuel up and get back to what matters most: getting hyped for your favorite
christmas decorations candles in glass jars with fir on a old wooden table...
Western Nut Company

12 Mason Jar Gift Ideas for the 12 Days of Christmas [with recipes!]

There are so many clever mason jar gift ideas to give something thoughtful to your neighbors or friends. Read our 12 ideas to make your own!
wide shot of Bear Lake with a person on a stand up paddle board...

Pack your bags! Extended stays at Bear Lake await you

Work from here! Read our tips to prepare for your extended stay, whether at Bear Lake or somewhere else nearby.
young boy with hearing aid...
Sorenson

Accommodations for students who are deaf and hard of hearing

These different types of accommodations for students who are deaf and hard of hearing can help them succeed in school.
Young woman receiving laser treatment...
Form Derm Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
Amazon to allow US customers to pay with Venmo