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

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Updated On
March 23, 2018 10:40 AM
4 min read

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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.

Akash Singh Chauhan
Written By
Akash Singh Chauhan

Akash Singh Chauhan is a senior writer at MobileAppDaily and he mainly covers all the latest happenings and tweaks in mobile app technology. Being an Engineering graduate he is always compelled to the technology and tries to discover new trends in the tech world. Along with any tech news he also never misses a single episode of ‘Dragon Ball’.

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