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What is the Complete Process of Sending Money on Venmo?
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Venmo is among the most used peer-to-peer mobile payment apps. It will allow users to send and receive money through different ways. Venmo send money is very simple, you need to install the app, tap "Pay or Request," and select who you wish to send money to (username/amount/note can include emojis). If you prefer, you can follow the instructions to scan your unique Venmo QR codes.
Once you have chosen the correct user, the transaction will be visible in your feed and their profile page. If you are using credit or bank accounts for making this payment, the money will be available immediately (or within a couple of days for bank transfer). With Venmo-linked debit cards, you can also link them to smartphones with Wallet apps, such as Apple Wallet, for contactless payments at stores near your home. Let's begin and learn more details about this.
How to Set Up Your Venmo Account?
If you do not yet have a Venmo account, you can create one for free. You can create an account and download it from your mobile device or web. The credentials you create will contain a phone and email number verification, and you can choose whether your transactions are shared with the world or only among your friends. You need to follow the steps mentioned below to set-up Venmo account:
• Download the Venmo application through the App Store (for iOS users) or Google Play Store (for Android users).
• Start the app and sign up to create the Venmo account by entering the email address you have provided your number, or your Facebook account.
• Once you have created your account, connect a funding source like a bank account, a debit card, and a credit/debit card to the Venmo account.
How to send money through Venmo
Once your account is setup, it is quite simple to transfer money using the Venmo. Here is how to send money on Venmo:
• Open the Venmo app on your smartphone.
• Tap the "Pay or Request" icon on the lower right of the page.
• Enter the user's username or telephone number and the address email of the person receiving it.
• Enter the amount you want to Venmo transfer and include an explanation of the reason behind this payment.
• Select your preferred funding source from the available options.
• At last click "Pay" button to confirm.
How to receive money on Venmo?
If you want to receive money on Venmo, you will need to follow the steps mentioned below:
• Open the Venmo app on your phone.
• Click on "Activity" tab to view the incoming transactions.
• Tap upon the purchase to display the details of the transaction.
• If the money comes from a trusted person, you can keep the funds within the balance of your Venmo amount or add them to a linked bank account.