Venmo is one of the most popular financial app payment services in the US. It combines payment functions like PayPal or Wise with social aspects. You can leave comments under a payment, use emojis, and even follow friends and family here.
It might be scary to use Venmo if you didn’t try a similar app. While in reality, this service has a user-friendly interface that you can use to split the bill, pay for your purchases, and just gift money to your dear ones. In this article, we’ve gathered all crucial Venmo instructions that help you to use this app correctly.
You can sign up on Venmo via Facebook or your email and use it both on Android and iOS devices. After this, sync a credit card with the app. If you have a card from a major bank, it takes 3-5 minutes. If you own a card from a small bank, verification may take up to three business days.
To send money, type a person’s username and write how much you want to send them. Don’t forget to choose the correct privacy settings! You can do it for free if you transmit funds from your Venmo account. Those who want to pay Venmo with a card should be ready for a 3% fee.
Use the following guidelines to link your credit or debit card to this service and work with Venmo:
Once you set up the account, you can add your card. Go to the main screen of the app and use this instruction:
It’s easy to make the payment with this application. Here is the instruction on how to use Venmo:
There is an alternative way to Venmo someone you know:
When you accept funds from someone, it gets stored in your Venmo account. So, if you want to get that money to your credit card, follow this Venmo tutorial:
It’s one of the most popular questions among those who decide to do Venmo. If you transmit funds between 2 Venmo users, the recipient gets the money instantly. But if you want to withdraw money from Venmo or send cash from your card to others via Venmo, you may pay a small fee. If you want to withdraw money to your account without fees, wait for 2-3 business days.
Do you need to pay when you use the Venmo app? If you use Venmo for internet purchases, you won’t pay any fee. Send funds to other Venmo users freely. But you may get some charges when:
Open Venmo and tap on the payment logo. It looks like a note with a dollar sign. Write the username of the person, and tap on it to select. Type how much money you want to give to them, add a note, and tap on Send.
Open settings, and choose Transfer Balance → Instant → Bank Verification. If you have a card from a major bank, tap on Instant. If you have a card from a small bank, select Manual. Enter your credit card info and wait for a confirmation of the card verification.
Log into Venmo with Facebook or email. Type your full name (it should be the same as in a bank credential), email, and phone number. Create the username and share it with other Venmo users.
As you see, Venmo is a user-friendly financial application. If you have a credit card from a major bank, you can add it to Venmo within minutes. If you have a card from a small bank, verification may take a few business days.
If you want to send money to another person, you should know their username, phone number, or email. You won’t get any charges for sending cash from your Venmo to another account. If you want to pay straight from your credit card, you’ll pay a 3% fee.
You can withdraw Venmo anytime you want. If you are ready to wait for 2-3 business days, you pay no fee. But if you don't want to wait, prepare for a 1% charge.