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Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteBraintree acquired Venmo in August 2012. Venmo became a wholly owned subsidiary of Braintree, not of PayPal. The deal people often mix up with it came later: eBay bought Braintree in 2013, and Venmo came with it. Two separate acquisitions, about a year and a half apart, are easy to blur into one.
The short answer
Braintree, a merchant payment company, bought Venmo on August 16, 2012. Later, on December 19, 2013, eBay completed its acquisition of Braintree, and Venmo was part of that package. Each transaction has its own buyer, date and terms, so the timeline is clearer when you keep them apart.
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August 2012: Braintree buys Venmo
Venmo’s announcement, “Venmo Joins Braintree,” published by PayPal Newsroom on August 16, 2012, said Venmo had been acquired by Braintree and would operate as a wholly owned subsidiary. The announcement also said the service would stay as it was for users. It stated: “Venmo will operate as a wholly owned subsidiary; our service will remain unaffected, and we will continue to work on providing you with the best way to make and share payments with friends.” (Venmo Joins Braintree, PayPal Newsroom, August 16, 2012)
The announcement framed the benefit as access to more resources, along with a future in which Venmo would be offered as a payment option to Braintree merchants. Those were the stated plans at the time. The announcement does not say that every integration was live on day one, and it does not describe Venmo’s current operations.
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- Visa Virtual eGift Cards are designed for online use only. Gift Cards are subject to Terms and Conditions: a.co/5bw3qXJ
- When you access your Visa Virtual eGift Card for the first time, you’ll need to register your name, address, phone number, and email address via activationspot.com. These details should also be used as your billing address for online purchases, as many merchants require address verification for purchase authorization.
- This Visa Virtual eGift Card is non-reloadable. No cash or ATM access. Visa Virtual eGift Cards are emailed active.
- Funds do not expire but your Visa Virtual eGift Card has a ‘valid thru’ date (9 years from date of purchase). If funds remain after this date has passed, please call the Toll Free number found on your Visa Virtual eGift Card for a replacement card. A one-time purchase fee applies at the time of checkout.
- This item is not eligible for refund, resale, or return. Available for sale within the United States only. Not available to residents of Puerto Rico, Hawaii, New Mexico, South Dakota, West Virginia and the US Virgin Islands.
September to December 2013: eBay buys Braintree
eBay announced its plan to acquire Braintree on September 26, 2013, for an approximately $800 million cash transaction. This was a separate deal from Braintree’s earlier purchase of Venmo. eBay’s completion release is the document to cite for the final price.
eBay completed the acquisition on December 19, 2013. The company said Braintree would operate as a separate service within PayPal and that Venmo was part of the acquisition and would remain a separate app. (eBay Completes Acquisition of Braintree, eBay Inc., December 19, 2013)
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- Gift Cards are shipped active and ready for use.
- This card is non-reloadable. No cash or ATM access. Funds do not expire. If available funds remain on your card after the valid thru date has passed, please call customer service for a replacement card. A one-time purchase fee applies at the time of checkout. No fees after purchase.
- To access your card information safely, type the complete website address shown on your Gift Card (MyGift.GiftCardMall.com) directly into your browser's address bar. Don't use search engines or shortened versions of the website address, as these may lead you to fake or fraudulent sites. Do not provide any Gift Card details (example: Card Number) to someone you do not know or trust. If you believe you've reached an illegitimate website, contact cardholder service at 1-888-524-1283. Be cautious of phishing sites, there are a variety of scams in which fraudsters try to trick others into paying with gift cards.
- To report your Lost or Stolen Physical Visa Card, call Customer Service 24/7 at 1 (888) 524-1283 to cancel your Gift Card as soon as you can. You will be asked to provide the Gift Card number and other identifying information.
- Use your Visa Gift Card in the U.S. everywhere Visa debit cards are accepted, including online.
How PayPal described the combined business
PayPal’s later SEC-filed report on the acquisition states that the completed deal included Venmo, which it describes as a mobile application for moving money between friends and family. PayPal said the combined focus and technology strengthened its mobile-payment capabilities and extended its reach among mobile-first merchants and consumers. (PayPal SEC-filed report excerpt on Braintree and Venmo)
In a September 27, 2016 retrospective, PayPal said Braintree had added Venmo as a payment method for merchants. It reported that Braintree platform payment transactions grew more than 25 times from Q2 2013 to Q2 2016. PayPal defined this as successfully completed payments, net of reversals, excluding transactions through gateway products. That is a company-reported measure over a fixed period, not an independently verified market statistic. (Braintree Sees Continued Growth 3 Years into Acquisition, PayPal, September 27, 2016)
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- Visa Virtual eGift Cards are designed for online use only. Gift Cards are subject to Terms and Conditions: a.co/5bw3qXJ
- When you access your Visa Virtual eGift Card for the first time, you’ll need to register your name, address, phone number, and email address via activationspot.com. These details should also be used as your billing address for online purchases, as many merchants require address verification for purchase authorization.
- This Visa Virtual eGift Card is non-reloadable. No cash or ATM access. Visa Virtual eGift Cards are emailed active.
- Funds do not expire but your Visa Virtual eGift Card has a ‘valid thru’ date (9 years from date of purchase). If funds remain after this date has passed, please call the Toll Free number found on your Visa Virtual eGift Card for a replacement card. A one-time purchase fee applies at the time of checkout.
- This item is not eligible for refund, resale, or return. Available for sale within the United States only. Not available to residents of Puerto Rico, Hawaii, New Mexico, South Dakota, West Virginia and the US Virgin Islands.
Where the structure stands in 2026
On April 29, 2026, PayPal announced a reorganization into three business groups. Venmo sits in “Consumer Financial Services & Venmo,” and Braintree sits in “Payment Services & Crypto.” This is the structure announced on that date. It describes the company today and should not be read back into the 2012 or 2013 arrangements. (PayPal Announces Strategic Reorganization to Accelerate Growth, April 29, 2026)
The two deals side by side
| Item | Braintree acquires Venmo | eBay acquires Braintree (including Venmo) |
|---|---|---|
| Buyer | Braintree | eBay Inc. |
| Target | Venmo | Braintree, with Venmo included |
| Date | Announced and stated August 16, 2012 | Announced September 26, 2013; completed December 19, 2013 |
| Consideration | Not stated in the August 2012 announcement | Approximately $800 million in cash, per eBay’s completion release |
| Stated arrangement | Venmo a wholly owned Braintree subsidiary; service stated to remain unaffected | Braintree a separate service within PayPal; Venmo a separate app |
What the announcements do not establish
- The 2012 statements that Venmo would remain unaffected and operate as a subsidiary describe that moment. They do not establish how Venmo operates today.
- The 25-fold growth figure is PayPal’s own measure for Q2 2013 to Q2 2016, with its stated definition. It is not an independent market estimate and does not cover later periods.
- The projected Braintree payment volume mentioned in eBay’s 2013 announcement was a plan, not a reported result.
- The 2026 divisions reflect a current announced structure, not a permanent one.
For the central question, the answer is settled: Braintree bought Venmo in 2012, and eBay bought Braintree in 2013 with Venmo included.
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- Gift Cards are shipped active and ready for use.
- This card is non-reloadable. No cash or ATM access. Funds do not expire. If available funds remain on your card after the valid thru date has passed, please call customer service for a replacement card. A one-time purchase fee applies at the time of checkout. No fees after purchase.
- To access your card information safely, type the complete website address shown on your Gift Card (MyGift.GiftCardMall.com) directly into your browser's address bar. Don't use search engines or shortened versions of the website address, as these may lead you to fake or fraudulent sites. Do not provide any Gift Card details (example: Card Number) to someone you do not know or trust. If you believe you've reached an illegitimate website, contact cardholder service at 1-888-524-1283. Be cautious of phishing sites, there are a variety of scams in which fraudsters try to trick others into paying with gift cards.
- To report your Lost or Stolen Physical Visa Card, call Customer Service 24/7 at 1 (888) 524-1283 to cancel your Gift Card as soon as you can. You will be asked to provide the Gift Card number and other identifying information.
- Use your Visa Gift Card in the U.S. everywhere Visa debit cards are accepted, including online.
Read the sequence this way: Braintree bought Venmo first, eBay bought Braintree second, and PayPal’s later reporting and 2026 reorganization describe the businesses as they were later combined and organized.
Quick Recap
Best Value
- Visa Virtual eGift Cards are designed for online use only. Gift Cards are subject to Terms and Conditions: a.co/5bw3qXJ
- When you access your Visa Virtual eGift Card for the first time, you’ll need to register your name, address, phone number, and email address via activationspot.com. These details should also be used as your billing address for online purchases, as many merchants require address verification for purchase authorization.
- This Visa Virtual eGift Card is non-reloadable. No cash or ATM access. Visa Virtual eGift Cards are emailed active.
- Funds do not expire but your Visa Virtual eGift Card has a ‘valid thru’ date (9 years from date of purchase). If funds remain after this date has passed, please call the Toll Free number found on your Visa Virtual eGift Card for a replacement card. A one-time purchase fee applies at the time of checkout.
- This item is not eligible for refund, resale, or return. Available for sale within the United States only. Not available to residents of Puerto Rico, Hawaii, New Mexico, South Dakota, West Virginia and the US Virgin Islands.
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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
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