With Venmo, transferring money between friends to split rent, a bill, or an Uber ride is a snap. You can also change settings on past transactions. To control who can see your profile, go to Settings and under Sharing, choose who can view your transactions: the public, friends, or just participants. Privacy: By default, you can see a person's list of friends and transaction feed. Your feed also displays recent transactions with friends. Track transactions: Keep track of purchases, including when and where, in the Purchases tab. Transactions made through your Venmo balance, bank accounts, debit cards, apps, and mobile websites are free. You can add a note of explanation and select an appropriate emoji, such as for pizza, rent, or beer.Īffordable fees: Venmo charges a 3 percent fee when you pay with a credit card. Select a person, enter an amount, and click Pay to transfer money to the other person's Venmo account. Send money: You can also send money to family and friends.
To send the funds to your bank account, you need to initiate the transfer from your balance. Either way, transferred money is added to your Venmo balance. If you use a linked bank account or card, you need to do the calculations and request payments yourself. Share the expense: If you use your Venmo account to make a purchase, the app prompts you to add friends to the transaction and then automatically calculates the amount each person owes you. For a more measured approach, search for a person's name or username to add friends one at a time. ProsĪdd friends: To get started, import your phone contacts or add all your Facebook friends who use Venmo. Send and receive money with friends or split purchases with the Venmo mobile payment service.
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