How Do I Receive Money Through Venmo

Venmo is a PayPal service that allows you lot to easily buy items and divide checks without using a credit card. Think of it as a social app for paying. You can even send money to friends and family without needing cash or checks. How does it work? Follow these steps to use Venmo:

Gear up up your Venmo account.
Choose a funding source by linking a credit card, bank account, or using your Venmo rest.
Request money or pay others with your Venmo account.
Add a recipient, a remainder, and a note.
Transport to recipient.
Transfer funds to your bank account or go along in your Venmo business relationship for futurity purchases.

It's that simple!

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Venmo is gratuitous to use. However, transactions fabricated with a credit bill of fare volition incur a 3 percent fee.

How to ready upwardly your Venmo account

Signing upward for a Venmo business relationship is simple. Just follow these steps.

Download the appropriate app for your smartphone.Venmo is simply available on iOS and Android.
Choose your preferred method of signup.You tin choose to sign upwardly with Facebook or email.
Verify your account by inbound your telephone number.You will receive a 4-digit lawmaking.
Enter the code into the specified box to verify your business relationship.
Once verified, Venmo volition prompt you to add a photograph.Y'all can add a picture or use your current Facebook profile picture. Adding a picture show helps others recognize you lot when they receive money or a accuse request. Venmo will assign you a username based on the information you take given.
Click Washed in the right-hand corner.
Venmo will allow you to sync your Facebook business relationship so that yous can see which of your friends use Venmo. If you choose to practise this, click Allow when prompted.Allowing Facebook to sync besides gives Venmo access to your Facebook profile data.
Next, Venmo will attempt to sync to your contacts. Cull Allow if you'd like to sync your contacts.Syncing will let Venmo to admission your contact information.
You can too employ Siri to interact with Venmo. Select your choice.
Side by side, choose whether you'd like Venmo to ship you notifications regarding your account.

Congratulations! Get ready to spend or receive money.

How to use the money in your Venmo business relationship

Venmo makes it easy to receive payments and request money from others. If others accept paid you via Venmo, y'all take a few choices virtually what to do with the money. You can

Go on it as a Venmo balance for hereafter payments.
Transfer the residual to your depository financial institution account.

Currently, Venmo does not permit you to transfer a balance to a card. It tin only be used to transfer funds to a depository financial institution account.

Before you can transfer funds from Venmo to your bank, you will need to sync your banking concern account with Venmo. Once complete, you can transfer money from your Venmo at any time. Normally, requests take one full business day to complete.