### Comment:
Don’t they make money off money in Venmo wallets?

### REPLY:
They also make a 3% fee on all credit card transactions. They’ve also been adding a “pay with Venmo” option at multiple vendors. The company has a plan to monetize Venmo. They’re just slowing introducing it as to not ruin the appeal of the app to its target audience. I think their COO said on the conference call that 17% of Venmo users participate in a monetized version of the platform. That number will only grow.

### END.