How to use Venmo: How to send and receive money

How to utilize Venmo: How to send and receive money

(Image credit: Venmo)

There's a reason that "Venmo" has become a verb (as in, "Venmo me") -- if you need to give someone coin, for any reason, there's no simpler way to do it. Cash? Who carries that anymore, much less has verbal change. Credit card? No utilise when paying person to person.

Venmo is an app that you tie to your banking company account that allows you to pay and receive money. One time set upwardly, sending and receiving money with Venmo is as easy as inbound your friend'southward name, inbound an amount, and hitting Pay.

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And so you've got a Venmo account, your friend has a Venmo account, and one of you owes the other money. Permit's get ready to Venmoooooooooo! Hither's a step-by-step guide to sending and receiving coin on this popular person-to-person mobile payment service.

1. Launch the app

Launch the Venmo app on your mobile device. (You can't send and receive money through the website).

2. Hit "Pay or Request"

Find the Pay or Request button on the home screen—information technology will either say "Pay or Request," or it will look like a pencil and a square.

How to send money with Venmo — (Image credit: Venmo)

3. Enter a name

Enter the username, telephone number, or electronic mail of the person(due south) you'd like to pay or accuse. Make sure you lot've got it exactly correct, as you wouldn't want to pay Joe_Smith_4 when your friend is actually Joe_Smith_5.

4. Enter the amount

If you want to send your friend $50, enter "l" in the field with the dollar sign to the right of the person's proper name.

5. Get out a note

In the "What'due south it for" field, located below the person'southward proper name, blazon in whatever you want. Equally yous type, suggested emojis volition popular up. Cull to include them if you wish.

6. Change the privacy setting (optional)

At the bottom right of the screen is the privacy setting, which you can tap to change. "Public" indicates that everyone can see this transaction; "Friends" indicates that the transaction is only visible to the sender, recipient, and their Venmo friends; and "Private" indicates that information technology'due south only visible to the sender and the recipient.

7. Choose your action

Tap on either "Asking" or "Pay" in the blueish bar, depending on which activeness you want to do.

8. Confirm

Tap on the light-green confirmation bar that will appear at the bottom of the screen.

ix. Check your e-mail

You volition receive an email confirming the transaction.

Jonathan Bottom is a writer and editor covering cryptocurrency and personal finance. He has worked at two Fortune 100 financial services companies and has been published in Men'south Health, Men'southward Periodical, Vibe, Travel + Leisure Golf and other publications.