Venmo is a mobile phone payment system introduced by PayPal. It lets users transfer money with a mobile app to people within the US. So with venom, you can make and share payments to friends and family. However, you can take advantage of the venom Card by applying for it, to enable you to shop in all MasterCard accepted locations in the USA.
Venmo was coined out from two Latin words “vendere” meaning “to sell” and “mo” which is a short word for mobile.
The company was established in the year 2009, while in 2012 it was acquired by Braintree. But it was later acquired by PayPal in 2013. This peer to peer payment application is available on Android and iOS devices.
How does venom work?
The app works in a way that even teenagers can understand it, there are no complications to it. So to just need to download the app, Sign up, then link it to your bank account or credit/ Debit card. Users are not charged for transactions they make with their bank account, debit card or venom balance.
You don’t need to credit your venom account before you start using, but when money is been sent to your venom account, then you must request to withdraw it, and after that, it will be sent to your bank account.
How To Use venom
Start making your payments using venom platform by doing the following
- Download the app
- Sign up for an account
- Link your bank account
- Add friends
Check out for the Section below to perform thet ask above.
Download Venmo app – to perform this task is very simple, go over to the google play store or apps store, key in the name on the search tool and then install.
Sign up for an account- after installing the app, Open the app and enter your email address and password. Ensure you have up to $2 in your bank account before signing up.
Link your bank account-after verifying your email address, the next step is to link and verify your bank account. You can do that either by entering your username and password you use for online banking or by typing in your account number and routing number. You will receive not up to $1 micro transfer in your bank account with a micro withdrawal.
Add Friends –to invite friends or loved ones, you can do that by searching for their names or username, allowing the app to access your contact list. If your Facebook account has a link to this service, it can browse your Facebook friends list to view people you know on the app.
How To Make payment to someone with venmo?
Right inside the app Click on the “circular” button at the down right corner of the screen. Choose the friend you want to send money to, enter the amount you want to pay and write what the payment is for, you can choose who can see your payment by clicking on “friends or private in the public tab. Finally, select the pay box.