Venmo is an extremely popular digital wallet from PayPal. Venmo happens to be one of the most reliable and widely used payment options for daily transactions. There are over 80 million users which surpasses several big banks in terms of ranking for the customer base.
You can use Venmo balance for peer-to-peer transactions, merchant payments, and transfer money across different mediums. We will illustrate how to pay with Venmo Balance and let you know everything you need to know about Venmo.
How Can You Pay Using Venmo Balance?
First of all, you need to download and install the Venmo app on your phone. Thereafter, you need to create an account with all your details and verify your account. Now, you need to link your Venmo account with your bank account or your credit card. The choice is up to you and whichever you are comfortable with, you can go ahead.
Once you have linked your bank account or credit card, you can transfer money to the Venmo balance from them. You can use Venmo balance for online purchases. Furthermore, you can apply for a venmo credit card from its website. Once you get the debit card, you can transfer money from your linked bank account or credit card to the debit card easily. Thereafter, you can use a debit card for payment in retail stores.
Most importantly, you can transfer money from your Venmo account to any other Venmo account holder. It is very similar to PayPal. Paying via Venmo balance is easy and similar to any digital wallet as well as any debit card you might have used sometime.
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