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Thousands of Venmo users reported experiencing login issues on Thursday afternoon, with many unable to access the app.
driven by the adoption of Venmo debit cards and Pay with Venmo. Venmo debit card monthly actives grew more than 30%, and Pay with Venmo monthly actives grew more than 20%.
Venmo has a high transaction success rate at gambling sites and sports betting apps. Other payment methods, such as credit/debit cards or bank accounts, can be rejected or flagged as fraudulent.