08 Mar 2014
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Never write another check, pay an ATM fee, or be owed money again. With the Venmo mobile app making payments is easy, instant and convenient.
How it works:
When setting up your account, you choose your payment source which can be a credit/debit card, or a U.S. bank account. All debit/ bank account transfers are free, and a 3% charge applies to credit card transfers. Choose the amount you would like to transfer, input your friends’ email address or phone number, and a notification will be sent. If the receiver doesn’t have an account with Venmo, they can easily sign up when the transfer is sent and apply the payment to the account of their choice. You can even send friendly payment reminders to people who owe you!
If you’re concerned about security, Venmo uses bank-grade security systems and data encryption to protect you and prevent against any unauthorized transactions or access to your personal information.
So, the next time you’re out to dinner with friends and don’t want to split the bill 5 ways, use the Venmo mobile app to instantly and conveniently set up your money transfers.
