![]() With this, you simply point your phone's camera at the recipient's QR code, and, presto-you can send or request money. Performing a transaction with someone you're physically present with, but with whom you're not friends on Facebook, has been greatly simplified by the Venmo Codes feature. Venmo alerts you if and when your friend complies or when you have new pending debts of your own. Once the amount, recipient, and note are in place, you get a final confirmation button, in case you get cold feet about reducing your assets. If you're not feeling verbose, an emoji alone does the trick in place of a text note. Entering the description is an extra step not required by other payment apps, but it's part of Venmo's social aspect. You'll choose a source for the payment at this point, with any Venmo balances coming first. To make or request a payment, you simply tap the Pay or Request button, select a friend (or use the QR code), choose between paying money and asking for it, write a description for the transaction (with optional emoji), and tap Pay or Request. If you're not connected on a social platform, and your contact is in range, you can have them scan a QR code to connect for payment. Those two methods work fine, but Venmo prefers to import your Facebook profile to generate a potential friends list. You can also invite anyone you know to try out the service. The app analyzes your phone's contact list to find fellow Venmo users. To help you give and get cash from your friends, Venmo needs to know who your friends are. If you're looking to exchange money with businesses, rather than with your friends, you need to use an NFC-payment app like Android Pay or Apple Pay, or a payment app like LevelUp. Square Cash doesn't even let you use a credit card for payments. The same holds for most payment apps, though, including Apple Pay Cash. Unfortunately, there's no way to circumvent the 3 percent fee on funds Venmo takes from a credit card or a nonmajor debit card. (Opens in a new window) Read Our Zelle Review You also pay 1 percent if you want to move money from your Venmo account to your bank account faster than the standard wait time of one to three days. The biggest fee is the 3 percent transaction charge when using a credit card (required by the credit card companies). There are very few of these, and no monthly or annual fee is charged, though that's par for the course for mobile payment apps. The signup page clearly shows all the service's fees. I've been using it on an iPhone X running iOS 13 and on a Windows 10 PC with no difficulties. Venmo works on iOS, Android, and the web. Despite some caveats, Venmo is a mobile payment app worth considering. The biggest news for Venmo since our last look is the Venmo card, a debit card that lets you access your account funds at ATMs and stores. Splitting payments, requesting money, and moving funds into your bank account are all part of Venmo's strong execution. There are some downsides to this visibility, but the app also offers real benefits. It smoothes the flow of money between friends, turning it into a social entertainment. Though the same could be said of the app from its parent company, PayPal, Venmo remains the highest-profile peer-to-peer mobile payment app around. ![]() One of the best reasons to use Venmo is that there's a good chance anyone you want to pay-or get money from-is also using it. How to Set Up Two-Factor Authentication.How to Record the Screen on Your Windows PC or Mac.How to Convert YouTube Videos to MP3 Files. ![]() How to Save Money on Your Cell Phone Bill.How to Free Up Space on Your iPhone or iPad.How to Block Robotexts and Spam Messages. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |