Venmo Is an Easy Way to Receive and Send Payments Even online merchants are starting to accept mobile apps as a method of payment, so there’s no denying that Venmo, PayPal and more are the way of the future. And, as an added bonus, you don’t have to worry about waiting for a receipt. There’s no swiping cards or passing out change, for example. Since there are tons of customers purchasing goods at these large-scale events, Venmo and other payment apps help both vendors and customers save time. Many vendors, especially at big events like festivals and concerts, only accept transfers through payment apps these days. Otherwise, sending money back and forth doesn’t rack up any transaction fees. The company describes itself as “a social way to pay your friends when you owe them money and don’t want to deal with cash.” Out at lunch and ready to split the bill? Need to send your roommate money at the end of the month for your portion of the rent and utilities? Well, Venmo allows you to transfer funds with ease since your profile is linked to your bank account or debit card.Īs mentioned before, Venmo users can also link this “digital wallet” to a credit card, but there is a 3% fee for transfers that pull funds from credit cards. To put it simply, Venmo is a digital wallet that allows you to pay, and request money from, others. Venmo and Other Payment Apps are the Wave of the Future
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |