Venmo

Venmo is an application that allows you to easily send and receive money from friends and family for various purposes, such as splitting rent or sending a gift. You can also add a note to each payment to share and connect with your friends.

With Venmo, you can now send a payment request to multiple friends at once and customize the amount each person owes. This makes it convenient for group payments and ensures that everyone pays their fair share.

By using the Venmo credit card, you can earn up to 3% cash back on your eligible top spend category. You can also split card purchases with Venmo friends and use it to shop online, in-store, and worldwide wherever Visa credit cards are accepted.

For those interested in cryptocurrency, Venmo allows you to buy, hold, and sell cryptocurrency directly on the app. They also provide in-app resources for those new to crypto, but it's important to note that crypto is volatile and can rise and fall in value quickly.

The Venmo debit card allows you to spend your money anywhere Mastercard is accepted in the US and earn cashback from select merchants. There is no minimum balance or monthly fee for this card.

For teens, Venmo offers a debit card and account to send money to trusted friends and family. This is a great way for parents to teach their children about managing money and making payments.

Venmo also has features for businesses, allowing them to create a business profile and manage transactions under the same account. Additionally, you can use Venmo to pay for purchases in various apps and online, such as Uber Eats and Grubhub.

With Venmo, you can also manage your money by transferring it to your bank account within minutes using Instant Transfer. You can also set up Direct Deposit to receive your paycheck up to two days earlier than your normal payday.

It's important to note that there are terms and conditions for using Venmo, such as age and residency requirements for certain features, and risks associated with using cryptocurrency. The Venmo credit card is issued by Synchrony Bank and the Venmo debit card is issued by The Bancorp Bank. Both are subject to credit approval and have their own terms and conditions.