eBay is expanding payment method choice at checkout by adding Venmo in the US. The move to introduce new, popular and modern payment options aligns with the evolving preferences of today’s digital natives.
This convenient, simple, and safe payment method will bring eBay buyers in the US even more choice and flexibility during the checkout experience. Known for its popularity among Gen Z and Millennials, buyers can enjoy the simplicity of paying for purchases with their Venmo balance, or their bank account, debit card, or credit card linked to their Venmo account.
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By integrating Venmo, a platform already embraced by more than 90 million highly engaged users, eBay taps into the modern and mobile-first consumer. Notably, 28% of Venmo’s users are Gen Zers and Millennials within the 18 to 29 age bracket. Given that over 60% of eBay volume comes from mobile devices, Venmo’s mobile platform is ideal for digitally savvy shoppers looking for a simple and fast checkout process.
The ability to pay with Venmo will be available to US buyers on eBay.com and the eBay app in the coming week
Once buyers have linked their Venmo account to their eBay account, they can sail through checkout without manually entering their payment details in subsequent transactions. After completing a purchase with Venmo, buyers can choose to share the payment in the Venmo feed bringing more awareness to the ability to pay with Venmo on eBay.
Sellers don’t need to do anything on their account to offer Venmo as a payment method for their buyers.
The ability to pay with Venmo at checkout continues eBay’s push toward tapping into a younger demographic with Venmo’s heavy adoption among Gen Z and Millennials. In addition to Venmo, buyers on eBay have the option to pay with a breadth of popular and relevant payment methods based on their needs and preference including major credit and debit cards, digital wallets and BNPL offerings in select markets.
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