Square Cash could widen its lead over Venmo, in terms of downloads. It's about bringing as many people as possible into the company's ecosystem that could be eventually leveraged into revenue streams.
This is a big group of people being brought into Square's ecosystem that could be used to cross-sell other products. Cumulative Growth of a $10,000 Investment in Stock Advisor, Venmo, Zelle, and Square Cash: How They Work and How They Make Money @themotleyfool #stocks $PYPL $SQ. I highlight that because I think that is a really interesting play on Venmo's use of creating that stickiness factor. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Jones: Let's turn our attention to the last of the big three. Same with Square. It didn't even feel like I was doing anything different as I would be from transferring money from one account to another account. As they continue to build out their ecosystem, and with this omni channel presence that they're building, I've been so impressed with how they've been expanding vertically in particular. There's definitely a lot of long-term revenue opportunities here. Thanks so much for tuning in! See you at the top! I think what's interesting too, you mentioned bitcoin. This is definitely a big trend and worth paying attention to. For example, during the second quarter, Venmo processed $14 billion worth of payments. One of the interesting things about Zelle is, initially, big financial institutions had been pretty muted in terms of interest in the mobile peer-to-peer payments space.
Follow him on Twitter to keep up with his latest work! Frankel: I'm with you, I love the company itself. But now I use it all the time. You will discover customers needs and help connect them with the latest products from Apple, educate and influence a team of partner employees focused on the sales, operations, and merchandising of an Apple Shop. He even noted that there's demand for it, not just on the merchant side, but even for the customer side, as well. - Monitoring performance results and inventory levels across multiple lines of business and identifying business opportunities to further drive performance - Working together with partner store leadership to achieve and improve qualitative and quantitative results and drive lasting impact They already have a built-in customer base. We'll get into that a little bit. With Venmo and Square, it's not about making money in the short-term.
By default, when you make a payment through Venmo, it is public. Key word is "if" there, Matt. Venmo charges a 3% surcharge fee to use a credit card. Frankel: Yeah, definitely. But it was not enough to keep me away from this week's Industry Focus. This is allowing PayPal and Venmo to really start collecting transaction processing fees directly from the merchants. Market data powered by FactSet and Web Financial Group.
If this growth rate continues, it could eventually turn into a pretty big revenue stream for PayPal all by itself, and in other ways we're going to talk about a little bit later. Frankel: Yeah, I definitely am a late adopter here. It has an adjacent debit card similar to the Venmo MasterCard called the Cash Card. Zelle is integrated into my bank account, the one that we're going to talk about in a minute.
Zelle is a convenient way to send money using your mobile banking app or online banking account. Ultimately, we'll get more into how they can continue to monetize. But really, with social media, basically, when I went in and actually split a gift for my mom with my sister and brother in law, I was able to put in a couple of emojis to signify that this was a gift. Square, for example, is ramping up their small business lending program, which could eventually turn into a personal lending program. I'm really excited about this space.
I think that Zelle has really opened up the gates to a much wider demographic long-term. Anyway, Zelle has that advantage. Matt, what can you tell us about how Zelle works and how it's playing with the major banks? They can also link their payments to a Venmo Mastercard, by the way. Hope our listeners are, as well. I think there's also the advantage of the relative amount of safety when you're doing it from within your own bank. There's a problem loading this menu at the moment. As you mentioned, it's continuing to bring more and more people into their ecosystem. With Zelle, you don't need a separate account. Also, going back to eMarketer, the marketing research agency, they actually noted they think Zelle could become the most popular platform by 2022 as more and more institutions continue to integrate it into their systems.
This show is produced by Austin Morgan. Passion to help people understand how Apple products can enrich their lives, Preferred working experience in a dynamic sales and/or results driven environment, as well as proven success developing customer loyalty, Exceptional solution based selling, coaching and presentation skills, Ability to influence, negotiate, motivate and align store management and personnel to Apple’s strategic sales goals, Business acumen: the ability to analyse sales data, qualitative feedback and observations to provide weekly recommendations and perspectives to internal sales and marketing teams, High standard of values, ethics, integrity and trust, Flexible with your schedule, work hours will be based on business needs and will include weekends, As an Apple Solution Consultant, you are accountable for sales performance by providing excellent customer service through you and your partner team, giving product demonstrations, and ensuring all Apple fixtures and merchandising elements are up to date and maintained according to Apple’s standards.
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