Benefits of Using Venmo
Venmo is a payment app that has grown in popularity within the last few years. With over 40 million users, it is one of the most popular financial apps in the country. So why should you use Venmo? How can it benefit you? These are questions you are probably asking yourself if you have not hopped on the Venmo train or if you are skeptical about the app.
Venmo acts as a social media payment app, you can see when your friends are spending, comment on or like their payments, and can describe transactions however you want! You might be thinking, “describe transactions? What does that even mean?”, it means Venmo is the first app to make peer-to-peer transactions personal. For example, if you are paying a friend you can use emojis or a funny saying to describe the payment and make it fun. Do not worry though, nobody but you and the person you are paying/charging can see how much the transaction is.
It is a quick and easy way to pay your friends if they buy you food, pay your family if you need them to pick up some groceries, and even some businesses are using Venmo as an option for payment! Venmo integrates with your bank account and takes money straight from the account of your choosing. You can also transfer the money in you accumulate in your Venmo account straight into your bank account! Venmo is owned by PayPal so the service is safe and puts a lot of emphasis on your personal security. Venmo also offers a Venmo card that you can apply for, for free! It can be used as a debit card and it uses the money that is stored in your Venmo account. Sometimes it will even give you rewards or money back if you use your card frequently or at certain places. Venmo also gives you the option to choose if you want the card to reload automatically from your bank account in $10 increments if you want to buy something without having money stored in Venmo.
Venmo is a great way to make quick and easy payments! Speaking from personal experience, it is a great app to have and I use it on an almost daily basis. It is available for free for iPhones and Androids. I hope this article helped explain a little more about what Venmo is and how it can help you with making payments! Happy Venmo-ing!