Venmo is owned by PayPal known as mobile payment service. The Venom account holder will be able to transfer funds from one mobile app to another via Venmo mobile app. The two parties must live in the United State of America. This article will run through things about Venmo Account, ranging from application guide, delete Venmo account.
Venmo was launched dated back to 2009 targeting friends splitting bills. In the first quarter of 2018, it was recorded that Venmo handled $12 billion in transactions.
Venmo is an app for Android and iOS which enable quick and simple transfer between individual users mainly private. As mentioned above, it is primarily for friends and it is typically marketed as a way to split bills, reimburse friends for cab rides, or pay roommates your half of the rent.
Like PayPal, Venmo is tied to a bank account or debit/credit card, although there is an in-app balance as well
What can be done with Venmo Account?
Once you sign-up for Venmo account, you will be able to carry out the following function on your account.
====> You will be able to check your Venmo Account balance
====> You will be able to move found from Venmo account to bank account or other bank accounts
====> You will be able to transfer fund from your Venmo account to another account
Set up Account on Venmo platform
Now you know what you can do on your account, but before you enjoy this benefit you must create your Venmo account. Setting up your account is free, here is what you need to do.
Step 1 ====> You need to visit the official Venmo website
Step 2 ====> Now on the homepage, scroll down and locate sign-up
Step 3 ====> Locate sign-up and click on it
Step 4 ====> You need to enter your information which includes email, username, name US phone number and other basic information
Step 5 ====> Now you need to verify your email address and phone number in other to access venom app without restrictions
Once you completed the process in the article you will be able to set up your account. As you see, it is very simple and easy to go about.
Venmo Account Login Guide
Once you created your account, now you need to understand the process of accessing your Venmo account. Here as well, you only need to follow simple steps as well.
Step 1 ====> You need to visit the official Venmo website
Step 2 ====> On the page, located and click on login button or icon
Step 3 ====> Now provide your login details in the fields provided, these are the username and password
Step 4 ====> Finally, click on the login button to access your account.
This simple process results in easy access your online account, you only need to enter the right login details in the space provided and you will access your Venmo Account.
Transfer Money with Venmo App
As one of the reasons for this app, its ability to transfer money to one another mostly between Venmo users. All transactions made on Venmo is completely secure. Venmo uses encryption to assist in protecting your account information thereby monitoring your online account activities against unauthorized transactions.
Though transferring is within the United State of America, you can be able to use Venmo outside the U. S. only with the U.S. phone number. Here is the complete step guide to transfer fund using Venmo account:
Step 1 ====> You need to visit the official website using the link above
Step 2 ====> Login to your account as explained above
Step 3 ====> On your account dashboard, locate and click the menu bar
Step 4 ====> Now locate transfer to Bank icon option
Step 5 ====> Now type within the amount you wish to transfer to the bank and click on next button
Step 6 ====> You need to choose between quality and instant option
Step 7 ====> Finally, click on Confirm the transfer button
Once you follow the exact steps explained above on transferring money on Venmo Account, you will be able to transfer fund on Venmo App.
Connect Bank Account to Venmo Account
Now you have set up your account on Venmo, you are not ready to send and receive money on your account. Before you can do that, you need to link your bank account with your Venmo account. It is after you link the two account you will be able to transfer and receive money or payment.
Step 1 ====> You need to login to your account
Step 2 ====> Locate and click on the menu button. This is a three-line at the upper left corner on the screen
Step 3 ====> Now tap Transfer Balance, this is in blueprint at the top of the menu button
Step 4 ====> You need to select either instant or 1-3 biz days on the balance screen
Step 5 ====> You will see a new Bank Verification pop up from the bottom of the screen.
Step 6 ====> If you have an account with a major international bank, select Instant Verification and simply sign-in to your bank website to connect to Venmo
Step 7 ====> In case you have an account with a smaller bank, select Manual Verification to enter your account details. These include your account number, bank routing number. Verification may take up to three working days
Step 8 ====> In case you select Instant Verification, tap Continue twice to acknowledge that Venmo uses Plaid an outside application to connect to your bank
Step 9 ====> From the list of banks, select your bank. if your bank is not on the list, search for it through the search box at the top of the screen. If is not appearing, go back to Manual Verification step above
Step 10 ====> Now provide your online banking details to connect Venmo to your bank account
Step 11 ====> Follow your bank on-screen instruction to verify your account.
If you follow these steps correctly, you will be able to link your Venmo account to your bank account. You will now start sending and receiving money through your Venmo account
Download Venmo App
Venmo app is available on the app store, these now depend on your mobile devices. In other to download the Venmo app, you need to follow these steps:
Step 1 ====> Launch app store app on your devices such as Google play store or Apple store
Step 2 ====> On the search bar, type Venmo
Step 3 ====> Now a blue background app with a V is the app
Step 4 ====> Tap on it, now tap on install
Step 5 ====> It will be downloaded and install on your devices
Step 6 ====> Now locate the app and launch it on your devices
Step 7 ====> Once you have set up Venmo Account, tap on login icon
Step 8 ====> Provide your login details in the space provided
Step 9 ====> Tap login button to access your account
Delete A Venmo Account
Venmo mobile app is one of the best ways to transfer money to friends or someone having a Venmo Account. You may decide to delete your account because you are no more interested in using it. This might be as a result of other apps doing the same job for you.
You may decide to use PayPal or Google Wallet and many apps performing similar functions. Once you have decided to delete your account, you will not be able to do that on your mobile app. You need to make use of the web, here is what you need to do.
Step 1 ====> You need to login to your account as explained above
Step 2 ====> Click on the account Settings
Step 3 ====> Scroll down to the bottom of the page
Step 4 ====> Locate and click on Close My Venmo Account
Step 5 ====> Then click on the next button
Step 6 ====> From here you need to review your recent statement
Step 7 ====> Once you have done that, click on Close Account again
Once these steps are completed, you will have your Venmo Account deleted completely. Upon this action, you will receive mail from Venmo, this will contain transaction history on your Venmo account and a goodbye message.
Thank for reading through, we are very sure you have learned one or two things here. This article has gone through setting up Venmo account, a complete guide to login to your account.
We also run through how you can link your Venmo account to your bank account thereby receiving and sending money. If you have any issue that has not been taken care here, please contact the help desk on venmo website.