Venmo, PayPal Users can Send Money to Help US pay off Debt
Venmo and PayPal users can now send money directly to the US Government to help the country pay off its $36.6 trillion national debt. The digital payment platforms can be used after accessing the “Gifts to Reduce the Public Debt” page on Pay.gov. The website has existed for nearly three decades, allowing Americans to contribute directly to paying off the country’s debt. While a total of $67.3 million has been contributed, that remains negligible compared to the trillions in federal debt. Neither PayPal nor Venmo has issued a statement on this new way to help pay off the US national debt. To contribute, individuals can visit the Pay.gov portal and select their payment method. On Pay.gov, users can fill out the required forms and submit donations using Venmo, enabling real-time payments from their mobile devices. US Government adds PayPal to Help Lowering Surging National Debt: a Cry for Help? According to the US Treasury Department, the national debt has risen by over 87% in the la...