Venmo is a payment service available as an Android application and on the web. This utility offers an easy way to transfer money to friends.
Share and pay
This service was designed to make small money transfers convenient. The utility is a popular method to split bills among a group of people. Users can easily share a restaurant check, ticket cost or apartment rent. Moreover, many apps like Uber or Zola support Venmo as a payment method. The service belongs to PayPal and only available for the residents of the United States.
In order to pay or transfer money, you have to top up your balance or link a bank account. The system supports both debit and credit cards. Additionally, users may order a special Venmo Mastercard issued by The Bancorp Bank.
The app also introduces social media elements. Every money transfer you make should be accompanied by a short text with emoji and GIF support. These transaction descriptions are stored in your personal feed and, by default, shared with your network of friends. However, you can make changes to your settings to hide private information.
- an easy way to pay for services or transfer money;
- ability to use the internal wallet or a linked bank card;
- the app is free to download;
- compatible with current Android versions.