Paypal has been a frontrunner in the finance industry. It has made transactions and business smoother and a lot of people currently use it as their go-to money app. Now, PayPal has introduced a new mobile app that functions in a similar way: Venmo. Venmo might not be enjoying the same fame and popularity as its parent app but it still is a great money tool to have – given that you’re in the United States. Perhaps one of the biggest drawbacks of Venmo is its limitation of use outside the US. Other than that, Venmo holds well and delivers all the basic finance app and tool functions it should. Venmo is currently free to download from the app stores but there has been word of it becoming a paid service in the near future.
Venmo is an innovative finance app that makes finance handling, transactions and payments a convenient affair. Whether you’re shopping online or sending cash to a friend, your Venmo app can pretty much do everything for you. Seeing that PayPal is the developer of Venmo, it’s not hard to find some uncanny resemblance between the two services. Although the app design of Venmo is unique, both PayPal and Venmo work in a similar way. PayPal, however, is a global finance phenomenon and has reached out to millions of people whereas Venmo only enjoys a user base in a limited region.
As with most good finance apps, Venmo makes transactions, payments and money sharing easy and quick. All you need to have is an active internet connection, a Venmo account and your debit or bank account details to send and receive money. You can also use your Venmo balance to make payments in various ways as we’ll discuss below.
With the Venmo MasterCard, users can purchase from just about any online store based in the United States. The MasterCard is accepted in almost every US online store and in the US Track. Online shopping is made fun and easy with your Venmo balance.
Venmo can work on multiple US based retailers and stores as well. Users can make payments from their favorite stores without using their wallet. It’s much of the same way as you would pay with any other credit card or your debit card.
You can also connect with your friends through the Venmo app and share your payments and purchases with them. You can add notes to the payments you’ve made through your Venmo account and then you can share these notes with your friends on different social media platforms. Users can share their experiences easily whether it’s a concert, a dinner or even a road trip. One of the biggest advantages of using Venmo as a finance account is that it keeps tabs on every penny you’ve sent and prepares an audit-like report for you so that you can keep track of where your finances have been spent. This adds security and a check on your account as well.
Venmo has been dubbed as one of the best finance apps on many accounts but recently it hasn’t enjoyed the same popularity. Some users have complained it to be very complicated with a difficult setting up process while others have raised concerns over the rumors of the app no longer being available for free.
Venmo is one of the top apps in the Finance app category, which belongs to PayPal, Inc.. It's last update was on March 20, 2019 and it has been already downloaded 10,000,000+ times. On the app store it has now 194,023 reviews. After you get to Venmo page on the app store, click install & enjoy it.