VENMO MONEY TRANSFER
Let's talk a little bit about what this Venmo is:
VENMO PARENT COMPANY:
VENMO App Icon on Top Left Side
You may have heard about this company through many of their pop culture references online through social media avenues like Facebook, Instagram, or even pop music. While most people may consider this a standalone company, it is actually an arm of the large banking application Paypal.
While Paypal is really entrenched into online commerce as the "Go to" payment method, Venmo would likely be considered their younger, hipper, sibling. Paypal initially released Venmo in 2009 so it is really one of the pioneers in peer to peer payment apps.
While Paypal is really entrenched into online commerce as the "Go to" payment method, Venmo would likely be considered their younger, hipper, sibling. Paypal initially released Venmo in 2009 so it is really one of the pioneers in peer to peer payment apps.
What Is Venmo Used For?
Venmo is used to send money from one user, to another. An example of this app's use might be:
- Pay someone with Venmo for dinner
- Reimburse work expenses via Venmo
- Send birthday money with Venmo
- Payroll payments with Venmo
- Pay contractors through Venmo
Quick Facts About Venmo:
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How To Setup Venmo App:
- You Can Also download from Google Play or App Store
- Open Venmo App
- Type Phone Number or Email to register
- Enter confirmation code that is sent to you from Venmo App
- Type in / Scan Debit Card - Necessary to use Venmo to send and receive money
- Create a "Venmo" name - This is the username other people will use to send you money
Send Money On Venmo After Registering:
- Open Venmo
- From home screen, Click Top Right money icon
- Type who to send payment to (Can use their Venmo name, Email, or Cell number
- Leave a note of what the money is for (optional)
- Click "Pay" in lower right hand of screen
- Confirm transaction with PIN or thumbprint if prompted
- Click "Done" once payment initiated
Is Venmo Life Changing?:
So my assessment of Venmo - is it a life changing application? I would say no, since most peer to peer cash transfer apps are not life changing. This is a great app to use if you send and receive money often. It is partially anonymous, and the user does not see your private information like banking and social security. They will generally only know your username and name if you allow.
One thing I will note, is you may want to check your privacy settings, so the transactions you do initiate or receive are not amplified to the public. That is, unless you prefer that complete strangers know you paid someone for ice cream, pizza, or some other type of tasty treat.
One thing I will note, is you may want to check your privacy settings, so the transactions you do initiate or receive are not amplified to the public. That is, unless you prefer that complete strangers know you paid someone for ice cream, pizza, or some other type of tasty treat.