Quick payments. Once you have an account set up, Venmo can look up your contacts to figure out who is already using the service. Otherwise, you can invite people. Find the person you want, then input the amount and add a note for what the money is for. Then send it, and the debt is paid! Never lose track of your debts and loans ever again.
Activity feed. If you're ever curious what others are using Venmo for, just check the activity feed. You can see who other users are sending money to and why. It's also a good way to see who in your network is paying and receiving money from. While we aren't sure why this is necessary, it's something that sets Venmo apart from the rest.
What is it about?
Venmo is another peer-to-peer payment app. Just set up your account with your information, debit or bank account, and you're good to go. You can send payments to others while including a note so you can make sure you and the other party know what the money is for, and you can get money from others just as quickly. Remember to cash out to have that money transferred overnight to your bank account, so it's ready the next day. It's fast and secure to use.
For those who...
- Like fast transfers to their banks
- Must include notes for payments
- Don't mind waiting overnight for money
Not for those who...
- Already have a secure app to send and receive money
- Prefer instantaneous payments
- Don't need notes on payments
Why we love it
It's simple and has a great process for sending and receiving money.
Venmo: Send & Receive Money supports Siri commands
App Store Description
Venmo is the simple, fun money app for sending cash quickly between friends and shopping at your favorite online stores. Split purchases to avoid awkward IOUs, share your new buys, and catch up on what your friends are doing on the feed.
“Just Venmo me” has become synonymous with “pay me back” or “I got it.” —Business Insider
QUICK & EASY
Send money quickly to friends by simply linking your payment method. There’s no transaction fee for sending money with your debit card or bank account. Use your Venmo balance for payments, or easily cash it out to your bank.
SHOP WITH VENMO MASTERCARD®
Take your Venmo balance shopping everywhere Mastercard is accepted in the U.S. Track and
share what you bought, and split with Venmo friends later.
CONNECT & SHARE WITH FRIENDS
Every penny tells a story, whether it’s for a group dinner, road trip, or concert. Add notes to your payments using your favorite emojis, and like or comment on friends’ stories.
BUY FROM YOUR FAVORITE STORES
Check out without your wallet. Use Venmo to pay in select mobile apps or at millions of retailers on mobile web—for free—so you can easily make, split, and share purchases with friends.
STAY ON TOP OF IT ALL
Easily track your finances. Keep up with what you owe, what friends owe you, and what you’ve bought.
YOUR SECURITY IS OUR PRIORITY
Venmo makes money transfers easy and fun, and we take the protection of your Venmo account very seriously by using security measures to help protect your account information. Learn more at https://venmo.com/about/security/
Venmo is a service of PayPal, Inc., a licensed provider of money transfer services. All money transmission is provided by PayPal, Inc. pursuant to PayPal, Inc.’s licenses. Visit https://venmo.com/legal/us-licenses/ for additional information. © 2017 PayPal. PayPal’s NMLS ID is # 910457.
PAYPAL, INC., IS LICENSED BY THE GEORGIA DEPARTMENT OF BANKING AND FINANCE, LICENSE # 34967.
PayPal, Inc., holds Massachusetts Foreign Transmittal Agency License # FT3345.
PayPal, Inc., is licensed as a Money Transmitter by the New York State Department of Financial Services.
PayPal, Inc., is licensed to Transmit Money By Check, Draft or Money Order By The Department of Banking, Commonwealth of Pennsylvania.
PayPal, Inc., is a Rhode Island Licensed Seller of Checks and Money Transferor.
Card is issued by The Bancorp Bank pursuant to license by Mastercard International
Incorporated. The Bancorp Bank; Member FDIC. Mastercard is a registered trademark, and the
circles design is a trademark of Mastercard International Incorporated.
*Please note, transfers are reviewed which may result in delays or funds being frozen or removed from your Venmo account. Learn more here: https://help.venmo.com/hc/en-us/articles/221083888-Bank-Transfer-Timeline
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