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Stock impact report

Accidentally Venmoed $149 to a stranger? Good luck getting it back [MSN Money]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: MSN Money
Anthony MacDonald was perplexed when $16 and a hamburger emoji showed up in his Venmo account from Zach Brown. The name didn’t ring a bell. Load Error More money followed: a $35 payment, then $19. Another $15 arrived with a mysterious message: “Meatbal shop without gada.” That’s when the 27-year-old, who works in youth ministry at a church in Delaware, decided he should stop taking Mr. Brown’s lunch money. With the rise of money-transfer apps such as PayPal Holdings Inc.’s Venmo, it’s never been easier for people to send money to their friends. It’s also never been easier to accidentally send money to a total stranger. Getting the money back is often far more difficult: Many digital payments are irreversible. For the recipient, it’s the equivalent of finding cash on the sidewalk— except it comes with a moral quandary. At first, Mr. Brown’s errant Venmos amused Mr. MacDonald. “Keep it coming,” he jokingly tweeted. But after talking it over with colleagues at his Show less Read more
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