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Re:Venmo, PayPal and Zelle must report $600 in transactions ... by voakbasda on Tuesday January 18, 2022 @01:01PM (#29983060)
If you pay someone as a business, they eat the transaction fees. If they have you pay as a “friend”, then the customer pays additional fees, increasing the total cost of the transaction. Any business doing that is breaking the terms of use. I can imagine it only a matter of time until they start suspending customer accounts for not flagging such transactions.

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