If you‘re looking for a convenient way to pay your friends and family, Venmo is a great option. Venmo is a mobile payment service owned by PayPal. With Venmo, you can easily send money from your bank account or credit card to another person, or even split a bill with multiple people. Signing up for Venmo is quick and easy, and here’s how you can do it.
About Venmo
Venmo is a online payment portal that lets its registered users to purchase product online and make payment of the product or any services via the app. Some features of the website is similar to youtube but the website is only focus on live and latest game-play.
Venmo is a mobile payment website was founded by Andrew Kortina and Iqram Magdon-Ismail in 2009 which was later acquired by Paypal Company. The website has reached upto 3.2 billion dollars monthly transaction in first quarter of 2016.
Our major aim of writing this article is to guide on the steps to sign up your profile on Venmo, but before that let quickly show you the features of Venmo account and the major reasons why we are addressed as the no 1 online social network in the world.
Features of Venmo
■ Venmo is the fast, safe, social way to pay and get paid. Join over 83 million people who use the Venmo app today.
■ Pay and get paid for anything from your share of rent to a gift. Add a note to each payment to share and connect with friends.
■ Brands are able to generate exposure as users share their purchases with friends or contacts via the Venmo feed.
■ Venmo helps users stay in control of what they owe, what others owe them, and what they’ve bought.
■ Organizations can allow customers to pay them as easily as they pay their friends, with fewer taps and a speedy checkout system.
■ Venmo safeguards payment information using data encryption, enabling customers to securely pay contacts and transfer money to bank accounts.
■ Customers are able to find contacts automatically by syncing their Facebook account or phone contacts, and split and share payments.
■ We offer the Venmo Debit Card, so you can shop with your Venmo balance everywhere Mastercard® is accepted in the U.S., plus earn cash back rewards at select retailers.
Requirements for Using Venmo
There are four main requirements for using Venmo:
- You must be physically located in the United States
- You must have a U.S. cell phone that can send/receive text messages from short codes (please note that this phone number can not be on file with another Venmo account)
- You must be at least 18 years old (or the age of majority in your state of residence)
- Your Venmo app must be updated to version 7.38.2 or newer
If you ever want to transfer money from your Venmo account to your bank account (most users do), you need to add a U.S. bank account or debit card eligible for Instant Transfer. If you don’t have access to a Venmo balance, you’ll need to add a U.S. bank account, credit card, or debit card to make a payment.
How Does Venmo Work?
At its heart, Venmo is a cash-free way of sending and receiving money. For instance, you can use Venmo to split a dinner tab with a coworker, pay for your portion of a taxi ride you shared with your aunt or send your half of the monthly rent to your roommate.
Venmo’s functionality goes beyond that, though. You also can:
- Make purchases with Venmo’s Mastercard debit card anywhere in the U.S. where Mastercard is accepted
- Pay for purchases through apps and mobile websites from authorized Venmo partners
- Use an in-store QR code to make a purchase with Venmo
- Cash certain checks after you’ve verified your identity by applying for a Venmo debit card or setting up direct deposit
- Sign up for direct deposit for your paycheck to go straight to your Venmo account, up to two days earlier than your usual payday
- Receive price alerts about four types of cryptocurrency (Bitcoin, Ethereum, Litecoin and Bitcoin Cash) that you can buy, sell or hold through Venmo
Venmo’s app works on iOS and Android devices.
Read: How to Delete Plenty of Fish Account – Cancel Permanently
What Does It Cost To Use Venmo?
Venmo doesn’t hit customers with monthly or annual fees. Furthermore, it doesn’t charge for basic services such as:
- Sending money from a linked bank account, a linked debit card or your Venmo account
- Accepting money that goes into your Venmo account or withdrawing money from the account
- Making a standard transfer to your linked bank account
However, Venmo charges for some premium features and other services. These include:
- A 3% fee when you use your credit card to send money to someone
- A 1% fee (with a $5 minimum) for using the check-cashing feature for faster deposits of payroll and government checks
- A 5% fee (with a $5 minimum) for using the check-cashing feature for faster deposits of non-payroll and non-government checks
- A 1.5% fee (minimum 25 cents, maximum $15) for instantly transferring money from your Venmo account to your eligible linked debit card or bank account
- Fees ranging from 50 cents to 2.3% for buying and selling cryptocurrencies
How to Sign Up for Venmo
■ Download and open the Venmo app on your iPhone or Android.
■ You will see two options at the bottom, “Sign up with Facebook” or “Sign up with email.” Choose one.
■ If you select Facebook, the app does the work for you, and you only need to click continue and give the app the proper permissions. If you select email, you will be prompted to enter your first and last name, email, and password. Fill in the information.
■ Venmo will now give you information about how it works. Scroll down and read as much as you feel you need to, then, when you’re done, tap “Next” at the bottom.
■ Read the User Agreement and Privacy Policy to your satisfaction, then tap “Next” in the upper right-hand corner of the screen.
■ You will be prompted to enter your phone number so that Venmo can send you a confirmation code.
■ A four digit confirmation code will be sent to your phone via text. Enter it into the box, then hit “Submit Code.”
You can also add a photo or change your automatically generated username if you’d like, or do this later.
Venmo sign up with email
After you sign up, and any other time your update your email address, we’ll send a message to the email address that you entered. Click the link in the email to verify ownership of your email address, and you’re all set.
It’s important to complete this step as soon as possible after updating your email address. Doing so helps to ensure that you can keep receiving payments and important notifications about your Venmo account.
Replying directly to the verification email will not verify your email address. If you’re not seeing the email, try searching your inbox for Venmo and check your spam or junk folder.
Verifying a secondary email address
If you were paid using a different email address from the one associated with your account, you can verify an additional email address from the web. This will also work if you did not verify your primary email address when signing up. Sign in, then enter your email address and click Verify. A new email should be sent to you with a verification link.
Venmo sign up with phone number
When you create your Venmo account, you’ll be presented with the option to sign up for just a personal account or both a business profile and a personal account. With either option, you’ll need to verify your phone number at the beginning of the sign-up process.
It’s also important to verify your email address, as any payments sent to an unverified email address or phone number won’t reach your Venmo account. Learn more about verifying your email address on Venmo.
Verifying your phone number on Venmo
- In the Venmo app, go to the Me tab by tapping your picture or initials
- Tap the Settings gear in the top right
- Select Account
- Tap Phone Number and enter your number again
I’m having trouble verifying my phone number on Venmo
If your phone verification attempts aren’t working, try any of these tips:
- Click Resend Code if your phone is unable to receive messages from short codes.
- Text the word “START” to the number 86753 to ensure you’re allowing text messages from Venmo.
- Try logging into Venmo from a different computer with your email address and password, which will require verification via SMS code (Successfully logging in on a computer using an SMS code will also verify your phone number automatically)
- Finally, be sure you have messaging from short codes enabled with your phone provider
Still having trouble? Contact Venmo Support, and we’ll be happy to help out.
How to sync contacts on Venmo
After entering your information, you’ll then be able to sync contacts from Facebook or your phone in order to pay friends easily.
■ If you did not sign up with Facebook earlier in the process, you will be prompted to link your account. Select “Not Now” or “OK.”
■ Tap “Next” to select phone contacts to sync. If you would not like to sync any contacts at this time, simply select “Skip” in the upper right-hand corner.
■ Scroll through the privacy information by swiping left until you get to the screen that says “You’re in control.” Then tap “Done” in the upper right-hand corner.
How to connect your bank on Venmo
Now that you’ve set up your Venmo account, you should add your bank information to send or receive payments.
■ To sync your bank information, tap the three lines in the upper left-hand corner of the home screen, then tap “Transfer Balance,” displayed in blue at the top of the menu.
■ Select either “Instant” or “1-3 biz days” on the Balance screen.
■ A new menu labeled “Bank Verification” will pop up at the bottom of the screen. If you have an account with a major national bank, you can select “Instant Verification” and simply sign into your bank’s website to connect to Venmo. If you have an account with a smaller bank, like a local credit union, you may need to select “Manual Verification” to enter your bank’s routing number and your account number (your bank may take up to three days to verify with this method).
■ If you choose Instant Verification, tap “Continue” twice to acknowledge that Venmo uses Plaid, an outside application, to connect to your bank.
■ Select your bank from those listed. If you do not see the name of your bank, you may search for it using the search bar at the top of the screen. If it does not appear, go back to step 3 and select “Manual Verification.”
■ Enter your online banking credentials to connect Venmo to your bank account.
■ Follow your bank’s on-screen instructions to verify.
Venmo Sign up $10
Eligible Participant: Open only to individuals who;
(1) are residents of any one (1) of the fifty (50) United States or the District of Columbia,
(2) are eighteen (18) years of age or older, and
(3) create a new U.S. Venmo account (“Valid Account”)
(4) view an onsite banner, or click through a social or paid media asset from Venmo highlighting the introductory offer ( “Invitation”), (eligibility for/those who receive the Rewards will be determined solely by Venmo) (“Eligible Participant”). Business profiles are not eligible for this offer.
$10 sign up Venmo
Offer Period: Starts on March 1, 2023, at 12:00:00 a.m. Pacific Time (“PT”) and ends December 31, 2023, at 11:59:59 p.m. PT or until we reach the maximum Rewards (defined below) of 10,000, whichever comes first (“Offer Period”).
How it Works:
An Eligible Participant must successfully complete the following to qualify for a Reward (defined below):
- Sign up for a Valid Account in the app, and
- Make sure to add and verify your phone number for your new Valid Account, and
- When prompted to, you must also enter and save your promo code in the app during sign up.
Once sign up has been successfully completed and verified by Venmo, $10.00 (Ten) USD will be sent to Eligible Participant’s Valid Account (“Reward”). Reward should be added to Eligible Participant’s Valid Account within ten (10) days but may take up to fourteen (14) days. There are only 10,000 Reward available during the Offer Period; Rewards will no longer be available once the limit is reached. There is a limit of one (1) Reward per Valid Account. All steps must be completed prior to Venmo’s suspension, cancellation, or modification of the offer, if any.
Venmo Fees
If you want to see if your card carries a fee, you can do so in the Venmo app:
- Go to the Me tab
- Go to the Wallet section
- Tap on the card under “Banks and cards”
You’ll see information about potential fees listed under the card.
Some credit card providers charge cash advance fees (possibly including an additional dollar amount or percent rate, in addition to other possible cash advance service fees, including a higher APR) if you use your credit card to make payments to friends on Venmo. For more information about whether your card provider charges these fees, contact your card provider.
Is Venmo Safe?
Generally, Venmo is considered safe. Venmo says it employs encryption to help protect your account information and monitors your account activity to help spot unauthorized transactions. Also, it says it stores your information on computer services in secure locations. You can add an account PIN code through the Venmo app to boost security.
On top of all that, Venmo protects accounts with multifactor authentication. When you sign into your Venmo account, you may be asked to confirm your identity by entering a code that Venmo sends by phone or email.
Venmo cautions that its platform “is designed for payments between friends and people who trust each other. Avoid payments for goods and services, unless authorized by Venmo.”
To further improve security, Venmo now asks users to verify their identity through the Venmo app. Without verification, Venmo won’t let you tap into a Venmo balance to make payments, but you can still receive money and transfer funds to your bank account.
You’ll need a Social Security number or individual taxpayer identification number (ITIN) to verify your Venmo account.
How Long Does It Take To Send Money to Your Bank?
The time it takes to shift money from your Venmo account to your bank account depends on the type of transfer you initiate.
A no-fee standard transfer from your Venmo account to a linked U.S. bank account typically takes one to three business days.
An instant transfer lets you send money from Venmo to an eligible U.S. bank account or Visa or Mastercard debit card, typically within 30 minutes. However, the instant transfer will cost you. There’s a 1.5% fee (with a minimum fee of 25 cents and a maximum fee of $15). An instant transfer can be done 24 hours a day, 365 days a year.
What Are the Dollar Limits for Venmo?
Venmo imposes spending limits for person-to-person payments, purchases with the Venmo Mastercard debit card, online and in-app purchases made with your Venmo account and purchases with an in-store QR code. If you haven’t yet verified your identity, your combined weekly spending limit for all transactions is $299.99.
If you have verified your identity, your combined weekly spending limit is $6,999.99. This includes person-to-person payments, in-app and online purchases, purchases with your Venmo Mastercard debit card and purchases using an in-store QR code. The weekly limit for person-to-person payments is $4,999.99.
In addition, you’re limited to $20,000 in cryptocurrency purchases per week and $50,000 in cryptocurrency purchases in a 12-month period. Venmo also restricts how much money you can add to or transfer from your account. If Venmo permits you to add money from a linked bank account, the weekly limit on how much you can transfer from your bank account into Venmo is typically $1,500.
If your identity hasn’t been verified yet, the limit on funds you can send from Venmo to your bank account is typically $999.99 a week. Once you confirm your identity, you can transfer up to $19,999.99 a week to your bank account. The one-time transfer limit is $2,999.99. Instant transfers are limited to at least 26 cents and above. Standard transfers can be made for 25 cents or less.
How to Invite Friends on Venmo
Tired of asking your friends to pay you back? Good news – there are a few ways that you can invite your friends to use Venmo!
New user payments
The easiest way to invite your friends to use Venmo is by sending them a payment using their phone number or email address. This recipient will show up in your feed as a New User until your friend signs up. Once you’ve sent the payment they’ll get an email or text with a link to sign up and accept the funds that you sent them. If they are having any trouble locating that payment, please have them reach out to us directly and we’ll be happy to help out.
Remember that you can always cancel/take back a payment you sent to a New User as long as they haven’t accepted the payment yet.
Invite reminders
When you invite your friends to sign up for Venmo, we’ll send them an email containing a link they can use to sign up. If they don’t sign up after a period of time, we’ll send them a reminder of your invite. This option, along with other notifications and alerts can be turned off by customizing your notifications:
- Log in to venmo.com
- Navigate to Settings –> Alerts & Notifications
You can choose to receive notifications via text/SMS, email, or from one of our apps. Note: to receive notifications from our apps, you need to enable push notifications for the Venmo app in your device settings.
Venmo Login – Step By Step Tutorial
■ Go to the site’s sign in page located at the following url: venmo.com
■ Enter your Email address on the space provided.
■ Enter your user password in the second field box.
■ Now simply click the green button located on the right side of the access form that says “Login” and that’s it, you are in!
Venmo Signing In – FAQ
Need help logging in to your existing account? Read on for frequently asked questions about signing in.
If you’re having trouble accessing your Venmo account, please DON’T create a new account. This can cause issues with your payment methods, and it’s prohibited in the User Agreement.
Please keep in mind that business profiles share the same login credentials as personal accounts (rather than having a separate login for each).
What information can I use to sign in to my Venmo account?
You can sign in to your Venmo account using the email, phone number, or username that you signed up with, along with your password.
What is this code that Venmo wants to send me?
All Venmo accounts are protected by Multifactor Authentication (MFA). When signing in, you may need to confirm your identity by entering a code that we send to the phone number or email linked to your account. If you are unable to receive that text, you can sign in by selecting “I don’t have access to this phone” or contacting our support team. If you don’t receive the email, please contact us so we can help update your email.
You can find more information about these codes and why we use them here. New phone number? See this article.
I’m trying to sign in, but Venmo is sending a code to an old phone number I no longer have.
If you no longer have the phone number on file with your account:
- Sign in from a phone or computer that you’ve previously used to access Venmo. You may be able to skip the security code challenge, and you can update your phone number once you sign in.
- If you see “Other options to confirm your identity…”, select it.
- Otherwise, follow the instructions in this article to update your phone number.
If you do have the same phone number:
- Sometimes emails and text messages are delayed. If you don’t receive a code within 10 minutes, tap “Send code again”. You can also check your spam or junk folder for a code sent to your email address.
- Codes are only valid for a limited period of time. If the code you received isn’t working, try signing in again to generate a new code.
Venmo is sending a code to a phone number I don’t recognize
Don’t worry: Without your password, whoever received the code will not be able to access your Venmo account (neither personal nor business profile). If you’re concerned that the recipient of the code knows your password, you can reset your password.
If you’re concerned that someone has access to an old device of yours that was still logged into your Venmo account, please visit this article for more information on how to delete “remembered devices” from your Venmo account.
I’m having trouble with my password on Venmo
Please keep in mind that business profiles share the same login credentials as personal accounts (rather than having a separate login for each).
Choose “Forgot your password?” or “Forgot Password?” when signing in and enter your email address or phone number. We’ll send you a link to reset your password. You can find more information about the process here.
Venmo Signing Up for a Personal Account – FAQ
Looking to get started with a personal Venmo account? Read on for some frequently asked questions. Note: If you are new to Venmo and wish to sign up for a Venmo business profile, you can do so at the same time you apply for your personal account (as you must have a personal account as well. If you just intend to sign up for a personal account alone, use the below article. If you’d like to create a business profile, learn more about signing up for a business profile.
Can I use Venmo outside of the United States?
Not yet! While we hope to make Venmo available internationally, Venmo is only accessible within the United States at this time.
What mobile operating systems is the Venmo app compatible with?
Venmo is only able to support Apple iOS 13 or Android Lollipop (API 21) or higher devices at this time.
Where can I sign up on Venmo?
To be able to use Venmo, you must be in the United States, and have mobile device capable of accepting SMS messaging. You can create a Venmo account right here on the web at venmo.com, or you can download our app from the App Store or Play Store (depending on your device) and create your profile.
Why does Venmo say my phone number or email is already on file?
It’s possible that you may have already created a Venmo profile and simply need to sign in. If that is the case, you can use your email, phone number, or username and password to log into your account.
Still not able to log in? Learn more about what to do if your phone number or email is already registered.
Do I need to add a debit card at Venmo sign-up?
To help you get the most out of your Venmo experience, we sometimes give you the offer to add a debit card when you create your Venmo account. If you don’t want to add a card right now, or if you want to add something other than a debit card, you can tap Not now or Try later instead. If you decide to add a payment method later, just go to the Settings menu to get started.
Why am I being asked to provide my legal name on Venmo?
Venmo is a regulated money transfer service, so there are times when we need to verify the identity of our users. We collect your legal name when you sign up so you can get a head start on the identity verification process, which is primarily what this information is used for.
We understand that you may not use your legal name or not want others to see it on your profile, so you’ll also be able to use a display name of your choosing on Venmo.
How do I edit my Venmo account settings?
There are just a few steps needed to make changes to your account settings on Venmo.
In the Venmo app:
- Go to the Me tab by tapping your picture or initials
- Tap the Settings gear
- Choose which settings you’d like to update
- Save your changes
On the web:
- Sign in to your Venmo account
- Navigate to your Settings page
- Choose which settings to update from the various tabs
- Save your changes
How do I update my payment method when I send a payment?
While you can add and remove payment methods from your Venmo account via the Settings menu, you can also change which payment method is used anytime you send a payment. Learn more about changing your payment method on Venmo.
How do I update my payment privacy settings?
How do I opt into/out of location services for Venmo?
Location preferences are unique to your device and can be updated by navigating to your device’s Settings. For more information, we recommend checking the instructions for your particular device and operating system.
Sharing your location with Venmo enables us to provide a better overall experience when you use the app. If you choose not to share this information, however, you’ll still be able to use Venmo to send and request money.
What happens when I opt into sharing my location with Venmo?
Venmo will only collect location information when you’re using the Venmo app, and we use this information to help create a great app experience. Sharing location information helps us increase security, improve search results, provide location-specific offers, and more.
How to Reset Venmo Password
If you don’t remember your password or are concerned about the security of your account, read on for instructions
You can tap “Forgot Password” on the log-in screen to get started or follow these steps to reset your password:
- Tap or click here
- Enter the email address or phone number associated with your Venmo account
- In your email inbox, tap or click the link that was emailed to you
- Create a new password (between 8 and 20 characters long, and should contain at least one number or symbol like (!@#$%)) and log in
You can also change your password from the Profile section of your Settings on venmo.com.
How To Delete Venmo Account
There are two methods to delete your account from Venmo website which are given below :-
Delete Your Venmo Account Through Website
■ Go to the Following url “https://venmo.com”
■ Login to your account.
■ After you login to your account scroll down to bottom of the page and click on DELETE MY VENMO ACCOUNT.
■ Now follow a simple process to delete your account permanently
Please note that this process is only done through laptop or desktop devices.
Delete Your Venmo Account By Sending Email
■ Open Your Email Account That Is Registered With The Application Or Website.
■ Now Compose An Email And Enter The Email Address Email support@venmo.com
■ On Subject Type “REQUEST TO DELETE MY ACCOUNT”.
■ Now Write An Email Requesting Them To Delete Your Account From Their Database, And To Wipe All Your Information With Them, If Any.
Here is a SAMPLE on how to write such an email.
“Meanwhile, Let’s Know If This Post Was Helpful By Sharing Your Opinion On, Using The Comments Box Below And Also Remember To Share The Post On Your Various Social Media Platforms”
Venmo Contact
For immediate assistance, we encourage you to type your question within the search field of our Help Center.
For additional support, you can contact us a number of ways:
- Send us a message through our contact form
- For the fastest service, chat with us in our mobile app (M-S, 8:00am–10:00pm CT, seven days a week).
- Call us at (855) 812-4430 (8:00am to 8:00pm CT, seven days a week)
Venmo Credit Card (powered by Visa):
- Call Synchrony Bank at the phone number listed on the back of your Venmo Credit Card (24 hours a day, seven days a week)
- If your card has been lost or stolen, please call Venmo Credit Card support from the Get Help section of your Venmo app or see this page for information on how to contact Synchrony Bank
Venmo Mastercard® Debit Card:
- Send us a message through our contact form
- Send us an email at debitcardsupport@venmo.com
- Chat with us in our mobile app (M-S, 8:00am–10:00pm CT, seven days a week).
- Call the phone number listed on the back of your Venmo Debit Card (Card deactivation: seven days a week, 24 hours a day; Live agent: 8:00am to 8:00pm CT, seven days a week)
Business profiles:
- Send us a message by selecting “Business Profile” through our contact form
- Send us an email at support@venmo.com
If you are a member of Law Enforcement seeking records for investigations related to a Venmo user, please click here for more information.
Note: the Help Center reflects the latest versions of our Android and iOS apps
Why did Venmo send me a transaction history email?
Venmo sends this email to remind our users to check their transaction histories on a regular basis. If you have been active on Venmo (i.e. made or received a payment, made a purchase, transferred to bank, or received credits/refunds) in the past month, you will receive a notice at the beginning of the following month. Otherwise, you will receive this notice once per quarter at minimum.
Can I unsubscribe or opt out of Venmo emails?
Venmo is required by federal financial regulations to send this notice to you on a regular basis, so unfortunately you cannot unsubscribe.
If you close your Venmo account, we’ll send one final transaction history email to the email address on file with your Venmo account.
I received this email, but I don’t have a Venmo account
It’s possible you have an old Venmo account, or that you tried to close your account but didn’t finish. You can go to venmo.com/account/settings/cancel to close an account.
If you didn’t sign up for Venmo, it’s possible someone entered your email address by mistake. Contact our Support team so we can fix that.
I haven’t used Venmo in a while. Should I be concerned that I got a statement?
Venmo is required by law to send this statement to open Venmo accounts. We’ll either send these statements every month or less frequently, depending on how active you are on Venmo.
Conclusion
Signing up for Venmo is quick, easy and free. With its comprehensive features and simple user interface, Venmo is a great way to send and receive money from friends and family. Whether you‘re paying back a friend for dinner, or splitting rent with your roommates, Venmo is a great tool for managing your finances. Plus, you can send and receive money from anywhere in the world, making it a great tool for international payments. With Venmo, you can easily keep track of your transactions, giving you greater control over your financial life. Give Venmo a try today and see how it can help you make payments with ease.
