Venmo is one digital payment wallet system that helps its users to make payments and as well share payments with friends and family. Therefore there are number of other payment platforms like PayPal, Zelle, Braintree, Square Cash, and Western Union etc. But sincerely, they all have their own mode of operation. Particularly, in the first quarter of the year 2018 this payment rail platform alone handled transactions net worth over $12 billion.
Furthermore, Venmo enables its users to as well split bills, also cab fare, and other things easily. Therefore, one wonderful thing about this payment platform is that you can actually access it from your mobile device and your PC. More so, the platform also has an iOS Android app for its users to access the platform with ease. Users can as well link their bank account or their debit card on the platform quickly.
Particularly, the Venmo platform is a subsidiary of the PayPal payment platform. Furthermore, the authors of this platform are Andrew Kortina and Iqram Magdon-Ismall. Also, the official release date of the platform was in 2009 and it is only available in English presently. Most of the users of this payment system are in the U.S. This is because their service is only available to the United States of America.
How to Sign Up on Venmo – Sign up Using Facebook
Basically, signing up on the platform does not really take much time and it is very easy. However, you can still sign up using your Facebook account. Just follow this few steps below to sign up on the platform.
- Open your Google Play Store app o your device.
- Type in Venmo on the search bar of your play store. Therefore, the app icon will pop out.
- Download the app to your mobile device and install it.
- Open the Venmo app after installing it.
- Choose any of the sign up method you can see on your screen.
- Create a secure password; it is usually between 8 to 32 characters in length.
- Next, is for you to verify your phone number and email address.
- Also, add your bank account and verify it.
However, this sign up process is not only applicable to mobile users alone but also you can access the sign up process from your computer system. Therefore, when done with the process you are set to use your account for transactions.
Venmo Payment Method
Particularly, there are a number of ways users can use in sending money to their family and friends on the platform. Some of which are
- Venmo Balance
- Bank Account
- Debit Card
- Prepaid Card
Therefore, when using these payment methods, transactions fees are waive so you do not pay any fees. However, this is to say all your transactions are free of any charges. Furthermore, the only transaction fee, applies to credit card alone which is about 3%. Also, when you receive and make payment using other app it is free as well.
Therefore the security standard of this payment platform is very reliable. This is to make sure its users account are fully secure while making and receiving payments. Also, they use an end to end encryption to help protect users account.
Finally, if you are not having a Venmo account I will recommend you visit the website page www.venmo.com or download the app to create one.