There are no fees for online purchases, account setup, or monthly maintenance. For example, a basic transfer of funds from your Venmo account, prepaid debit card, or bank account costs nothing (although your prepaid card may charge a fee). To its credit, this contactless payment app strives to minimize or eliminate Venmo fees. You can quickly create an account and then send and receive money from other Venmo account holders. In practice, Venmo is simple to set up and use. Specifically, you can decorate your Venmo payment with messages and emojis to add a personal touch to Venmo transactions. Venmo’s job is to act as the intermediary for the transfer of funds.īut Venmo is more than just a P2P payment cash app - it has a social side.
Venmo is a payments platform that allows you to instantly exchange funds with other Venmo users.
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