Venmo is a digital payment platform that allows users to easily send and receive money from friends and family using their smartphones or computers.
You can even use it for business purposes, such as paying for goods and services. If, for example, you want to split a rideshare fare, you can easily pay your share through Venmo. Alternatively, if your friend forgot to pay what they owe you for dinner last night, you can use this mobile payment service to send them a request for the required funds.
Launch the Venmo app on your mobile device. (You can’t send and receive money through the website).
Find the Pay or Request button on the home screen—it will either say “Pay or Request,” or it will look like a pencil and a square.
Enter the username, phone number, or email of the person(s) you’d like to pay or charge. Make sure you’ve got it exactly right, as you wouldn’t want to pay Joe_Smith_4 when your friend is actually Joe_Smith_5.
If you want to send your friend $50, enter “50” in the field with the dollar sign to the right of the person’s name.
In the “What’s it for” field, located below the person’s name, type in whatever you want. As you type, suggested emojis will pop up. Choose to include them if you wish.
At the bottom right of the screen is the privacy setting, which you can tap to change. “Public” indicates that everyone can see this transaction; “Friends” indicates that the transaction is only visible to the sender, recipient, and their Venmo friends; and “Private” indicates that it’s only visible to the sender and the recipient.
Tap on either “Request” or “Pay” in the blue bar, depending on which action you want to do.
You will receive an email confirming the transaction.
1. Open the Venmo app.
2. Tap the three stacked lines in the top-left corner of your screen.
3. Select "Transfer to Bank" or "Transfer Money" (you may have to first select "Manage Balance," depending on your device).
4. Add the amount you want to transfer to your bank account, and how you want to transfer it ("Instant" for a fee, or one to three business days, for free).
5. Confirm your transfer information and select "Transfer."