Square's (NYSE: SQ) Cash App started as just another way to send friends money, like PayPal Holdings' (NASDAQ: PYPL) Venmo. But as it added more features, it broadened its appeal. And last month ...

Square Cash now let’s users hold money within the app instead of transferring it immediately out to their own accounts. This behavior directly mimics functionality that Venmo and PayPal bolster.

Apps like Venmo and Cash App can be used by Americans even if they do not have bank accounts. Jack Dorsey, the founder and CEO of Square, which owns Cash App, publicly appealed to the US ...

Sites like Venmo and PayPal now must report business transactions to the IRS when they total $600/year. Congress updated the rules in the American Rescue Plan Act of 2021. The tax-reporting ...

it’s a new card that gives users of Square’s peer-to-peer payments app — which, like Venmo, lets people pay each other directly from their smartphones — the option to carry around a ...