PayPal charges 2.89% + $0.29 per online transaction and 2.29% + $0.09 for POS payments. No monthly fees make it affordable for startups and small businesses.

Venmo users will soon see an increase in instant transfers. The peer-to-peer payment app said that beginning Aug. 2, their pricing fee for instant transfers would increase from 1% to 1.5%. The way ...