Shortly before 9 a.m. ET, users began reporting that both platforms were down. They said the platforms would load, but they couldn't send or receive payments. Some users said they couldn't log in at all. PayPal owns Venmo, which would explain why both platforms were affected together.

If you’re experiencing issues using Paypal or Venmo today, you’re not alone. The payment services are suffering issues on August 1, leaving users unable to send and receive money. John is Managing Editor at Digital Trends. He's been a consumer technology & automotive journalist for over a decade.

The PayPal app was not working on Friday morning, with both it and Venmo experiencing issues as both payment services went down, leaving thousands scrambling to make and receive payments