Venmo lost a lot of cash due to payment fraud

Venmo apparently had a good reason for disabling web payments and temporarily shutting off instant money transfers -- it was losing money hand over fist. The Wall Street Journal has obtained documents indicating that the PayPal-owned service took a... #ScienceBitches
source: https://www.engadget.com/2018/11/26/venmo-losses-blamed-on-payment-fraud/