PayPal Transaction Margin Dollars Rise 2% to $3.95 Billion
Venmo helped lift third-quarter transaction margin dollars 2% to $3.95 billion. Excluding interest on customer balances, they rose 3%; Venmo payment volume reached $96.81 billion, up 14% year over year for a fourth straight quarter.
Venmo helped push PayPal's third-quarter transaction margin dollars up 2% to $3.95 billion. Excluding interest on customer balances, transaction margin dollars rose 3%. Total payment volume for Venmo reached $96.81 billion, maintaining 14% year-over-year growth for the fourth straight quarter. The…