In this modern era of digital convenience, e-wallets are becoming a necessity. Venmo, a mobile payment service owned by PayPal, is one of the most popular e-wallet services in the world. If you have an Apple device such as an iPhone or iPad, using a Venmo account is very easy. Optimal Venmo limits, minimum data requirements, and speed of transfers are just some of the advantages of this payment solution.

What Is Venmo And How Does It Work?
Venmo is a modern, convenient mobile payment service operated by PayPal. Venmo account holders can transfer funds to others using the mobile phone app. The sender and recipient must reside in the United States.
With Venmo, it is easier for people to pay for expenses such as general utilities, food, or gifts. Just share the QR code, search for their names in the app and transfer funds. Additionally, for those who use cryptocurrencies and trade on Binance, Coinbase, or other crypto exchanges, Venmo offers support for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Requirements For Creating a Venmo Account
To use Venmo, you must meet certain requirements. Here they are:
- You must reside in the United States.
- You must have a working US mobile phone capable of sending and receiving text messages using short codes. This mobile phone number can no longer be registered to another Venmo account.
- You must be at least 18 years of age or the age of majority in the state where you reside.
- Update the Venmo app to version 7.38.2 or later.
- If you want to transfer funds between your bank account and your Venmo account, you should have a US bank account or a debit card with instant transfer capabilities. For example, this could be an account with JPMorgan Chase or Bank of America.
How to Set Up a Venmo Account On iPhone Or iPad?
Using the Venmo solution is extremely convenient on Apple gadgets. So, if you are the owner of an iPhone or iPad, you can set up the application by following these instructions:
- Go to the App Store and search for Venmo - click "Get" to install the app on your device.
- Launch the application. Click "Create an account" - select "Personal" and click "Get Started".
- Enter your phone number - click "Send code". Wait for the Venmo code (which will be a five-digit number) to be sent to your device and enter it in the appropriate fields.
- Enter your phone number or email address and verify it in the Venmo app.
- Select your registration method. You can register either by email or via Facebook.
- Fill in your personal information. This includes your legal name, legal last name, chosen Venmo username, email address, and password. Make sure your password is secure and comply with the requirements (up to 20 different characters). Remember that after registering you will be able to change your username. Confirm that you are 18 years of age or older and click Next.
- Read Venmo's User Agreement, Privacy Policy, and How It Works. Scroll to the bottom and click Agree.
- Enter your details and click "Agree" in the Venmo app. You will be shown a privacy page where you can change who can see your payments. You can choose whether your contacts can view transactions on your account or not, and you can also manage the privacy of transactions between your contacts. Click "Done." Tap "Sync Phone Contacts" and "Done" in the Venmo app.
- You will see the notification settings window pop up. Click “Allow Notifications” if you want Venmo to send notifications to your iPhone. Otherwise, select “Not Now”.
How to Make a Payment Using Venmo On an iPhone Or iPad?
Before you can make payments, you'll first need to add your bank account to Venmo. Without it, you won't be able to transfer your Venmo balance to your bank account or will be limited to your current Venmo balance when making a payment.
There are two ways to add a bank account to Venmo:
- Instant verification. This is an instant way to verify your account. Use the login and password that you use for mobile banking. The service uses Plaid to verify data. If your bank supports instant verification, the application will prompt you to fill out bank information.
- Manual check. This method requires you to provide bank account numbers. Venmo will then send microtransfers (two withdrawals and deposits of less than $1 each made at the same time) to your account to confirm ownership. For this reason, make sure you have at least $2 in your bank account. You will see these microtransfers within 1-3 business days. Once you do this, go to www.venmo/verifybank to verify your bank account.
Adding a Credit Or Debit Card to Venmo
To add a card follow this instructions:
- Tap the "Me" tab and go to the "Wallet" section.
- Select "Add a bank or card" and click "Card".
You can add your Visa or Mastercard card details yourself or use a special scanner to read the card data.
How Do I Request Payment Using Venmo?
For this follow this steps:
- Select "Pay/Request" at the bottom of the screen.
- Find or add the person you want to send a request to.
- Enter the amount and add a note.
- Tap “Request”.
How to Delete a Venmo Account On an iPhone Or iPad?
You must be logged into your account to be able to close your account.
Tap your image or initials and go to the “Me” tab, then select the “Settings” gear.
Select "Account" under Settings.
Select "Close Venmo Account."
Wrapping It Up
As of 2024, Venmo is used by more than 70 million people, most of whom are Americans. Venmo offers great functionality, including being convenient for iPhone and iPad users. You can send funds to friends in New York or relatives in Chicago (USA). If you want to learn more about convenient payment tools for cross-border payments, exchanging cryptocurrency, or purchasing Aetna insurance, we recommend visiting the Rates website.
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