Venmo's Instant Money Transfer Feature Is Under Maintenance
Mobile App

Venmo Surprisingly Removes The Instant Money Transfer Feature

The feature is available only to some users for now

https://dk2dyle8k4h9a.cloudfront.net/Venmo Surprisingly Removes The Instant Money Transfer Feature

Venmo, the popular mobile payment service has suddenly removed its instant money transfer option from the app. So, if you are one of the Venmo users struggling to find that money transfer service then you need to wait for a while. The company announced that the option has been removed from the app and it is under maintenance for now.

Paypal owned, payment platform offers an instant money transfer service to its users. With the help of the option, a user can easily transfer money from Venmo app to the account linked to their debit card within seconds. The service is so fast, you can see the transferred amount in no time and the company charges 25 cents each transfer. However, the users are unable to avail the instant money transfer option after the company removed it on Wednesday. Venmo came on Twitter to notify its user that the feature has been removed from the app for making few changes in it.  

On Thursday, the feature was made available by Venmo to a limited number of users. However, the company didn't disclose that when the instant money transfer option will be available to all the users. This isn't the first-time Venmo pulled back its quick money transferring option, in February the company removed the instant transaction feature for a while and left the users with the annoying one day transfer option. This time, Venmo said that the feature is going under some changes and it will notify the users when the service will make its way back to the app.

PayPal acquired Venmo in 2013 and since then the payment service is getting frequent changes. In October 2017, Paypal added Venmo as the payment option across its 2 million US retailers. It is clear that PayPal wants to make Venmo more recognizable and popular in the US market against the competitors like Square Cash. Maybe removing the instant money transfer facility for changes is nothing more than a PR stunt from the company.

Vikram Khajuria
Written By
Vikram Khajuria

Jack of all trades. Covering the journalism field, Vikram writes at MobileAppDaily and keeps surfing the trends to understand tech and inventions better. Don’t forget his driving skills, he is a professional car rallyist. Life has just got better. Breathe it!!

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Mobile App

Why Mobile App is Requisite for E-Commerce?

James Lawson 4 min read  

There was a time we need to think twice before going for shopping or booking a restaurant as it takes some effort. Now in this digital world, everything is just ready after your single touch on the mobile screen. Smartphones made our life so simple and us so dependable on this tech service we just n

Mobile App

Uber

Joshua Anderson 4 min read  

Ola has recently turned to the pedal-power for its initiative to offer bike-riding services to the users in its attempt to compete with the ride-sharing giant Uber. Before Ola, China’s Didi Chuxing and Grab in Southeast Asia have initially invested in bike-sharing companies. The initiative was

Mobile App

Uber And Law Authorities Settled Down For $148 Million Over 2016 Data Breach Scandal

Vikram Khajuria 2 min read  

Uber, the ride-hailing giant, has finally agreed for paying $148million to the legal authorities for its data breach scandal. In 2016, the hackers stole almost the data of its 25 million users by breaching the company’s data security firewall.In late 2017, Dara Khosrowshahi, Uber CEO uncov

Mobile App

Wink Bingo Is Changing The Way We Bingo With A New Mobile App

Neha Baluni 4 min read  

Want a new way to bingo? Now you have one! You can play bingo anywhere anytime right from your phone. The Wink Bingo app is the newest technological achievement of the Wink Bingo enterprise and it’s revolutionizing the way we play mobile games. So, what’s so special about this little app