Venmo is like a household name because of the great services it offers. For instance, when you’re out with friends or family and then your check comes in for the orders you had, how do you pay it? Do you tell each person to pay for what they ordered?
Well, paying for your check is now made easy with the Venmo app right on your mobile. Also, it is easy to use. To find out more about the money transfer and receive service, read on.
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Venmo is simply a mobile payment, which is owned by PayPal. The account owners of Venmo can make the transfer of funds using the mobile. Venmo was launched in the year 2009. The service publishes every peer to peer transaction, the amount is excluded.
This is a feature that was shown by researchers to reveal sensitive details concerning the user’s life. The mobile app allows you to send funds to friends and family or contacts easily with a single tap.
Venmo is somehow considered as a social platform similar to Facebook because you like and comment on transactions of others. There’s also the use of emoji. Now you what Venmo are, so how does it work?
What is Venmo
As I said earlier, the service is easy to use. All you have to do is to link your bank account and a credit card (optional). The transactions that are made with your credit card, bank account, or your Venmo balance are usually free. But a standard 3% fee is added to your card transactions.
Users do not need to add funds to their Venmo account, but when you receive money from someone, then you would need to send a request to withdraw your funds. Within the next working days, the money would be deposited into your account.
There’s an encryption feature that keeps your app and transactions carried out securely. Well, I believe we now understand how the service works. So how about how to use it? Using the service is simple.
You have to get the app from App Store first. The next thing to do is to create an account, you can use your email or Facebook account. Add a password you would remember and then verify the email used.
Link and verify the bank account you’re using. Your account would be signed up. You can decide to link your credit card also. Add friends on the Venmo service via username or giving the app access to your contact list. Also, you can add up friends using a QR Code, by scanning it.
Venmo app is one of the fun and easiest way to get paid and pay. It is a money app for splitting almost anything. The app makes your settling up feel just like catching up and also you add a note to every payment activity you carry out.
Venmo app can be used for paying different items such as meals, rent, activities, and also surprises by sending funds to a friend or family to say hello. Sounds interesting, right? Venmo application is compatible with any device including iOS and Android.
How to Download the App
Getting the app on your smartphone is easy and free. Downloading or installing the Venmo app is simple and can be done by following the simple steps below;
- Launch the App Store on your smartphone: Google Play Store or Apple App Store.
- Use the search option to type in Venmo.
- From the result that would be displayed, tap on the first app to load.
- Tap on “Install” to proceed.
The Venmo application would be immediately installed into your smartphone and you can start using it.
How to Use the Venmo App
After the creation of your account, then you are ready to go. If you wish to make a payment, open the app and tap on the circular tab/icon at the bottom right side. Select the friends or contact you wish to make the payment to.
Type in the amount and indicate your type; requesting or paying, to commence. Simple right, right.