Venmo has quickly become one of the most popular peer-to-peer payment apps, allowing users to easily send and receive money from friends, family, or even businesses.
Whether you’re splitting a dinner bill, reimbursing a friend, or paying for goods and services, Venmo provides a convenient and secure way to transfer funds.
If you’re new user, here’s a step-by-step guide on how to send money on Venmo .
Follow 9 Steps To Send Money on Venmo
1. Download Venmo App and Install it
To get started, you’ll need to download and install the Venmo app on your mobile device.
Venmo is available for both iOS and Android devices and can be found in the App Store or Google Play Store. Once installed, open the app and sign up for a new account or log in if you already have one.
2. Link Your Bank Account or Credit Card
Before you can send money on Venmo, you’ll need to link a funding source to your account. Venmo offers the option to link either your bank account or a credit card. To link your bank account, simply enter your account details, including your routing and account numbers.
If you prefer to link a credit card, enter the card number, expiration date, and security code. Venmo may require additional verification steps to ensure the security of your account.
3. Add Contacts and Find Friends on Venmo
Venmo works by connecting you with your friends, allowing you to send and request payments from them. To start sending money, you’ll need to add your contacts on Venmo. You can do this by syncing your phone contacts or by searching for friends manually using their Venmo usernames or email addresses.
4. Initiate a Payment
Once you’ve added contacts to your Venmo account, you’re ready to send money. To initiate a payment, tap the “Pay or Request” button at the bottom of the app screen. Next, select the friend or contact you want to send money to. You can also add a brief description or note to accompany the payment, such as “dinner last night.”
5. Enter the Payment Amount
After selecting the recipient, enter the amount you wish to send. Venmo allows you to send both whole dollar amounts and cents. You can also use emojis or words to describe the transaction, such as “$20 for pizza.”
6. Choose the Payment Method
Before finalizing the transaction, Venmo gives you the option to choose the payment method. If you’ve linked both a bank account and a credit card, you can select which one you want to use for the current transaction. Keep in mind that Venmo may charge a small fee for using a credit card as your funding source.
7. Add a Payment Note and Privacy Settings
At this stage, you have the option to add a payment note, which can help you and your recipient remember the purpose of the transaction. Additionally, you can adjust the privacy settings for the transaction. Venmo offers three options: public, friends-only, or private. Choose the setting that suits your preference.
8. Review and Confirm the Payment
Before finalizing the payment, take a moment to review all the details, including the recipient, payment amount, payment method, payment note, and privacy settings. Make sure everything is accurate and as intended. If everything looks good, tap the “Pay” button to confirm the transaction.
9. Confirm the Transaction with Your PIN or Biometric Authentication
To ensure the security of your account, Venmo requires you to confirm the transaction with your personal identification number (PIN) or biometric authentication, such as fingerprint or facial recognition.
Read Also:
- 15 Best Ways to Send Money in 2023
- How To Send Money on PayPal?
- How To Send Money With Western Union
