In the past few years, we have witnessed the need for digital currency taking over the physical ones. And today, we have numerous innovative ways to transfer money to each other like Internet banking, online transactions and so on.
Every little transaction can be easily tracked with proper information on where that amount was transferred. If paid online then splitting your transactions amongst your group is very easy because you can always visit your transaction history and never forget where you paid your money.
Let’s be honest here, with mobile apps used for financing, transferring money through online mediums is reliable, confidential, safe, secure, and well-tracked further making it one of the easiest options.
We are here with one such convenient money transferring app, Venmo which allows you to send and request money from the people you know. This application puts a slight twist to your money transferring experience with a unique feed interface.
Venmo is a peer-to-peer (P2P) money transferring application, that allows you to transfer money to each other’s Venmo account by just a tap.
Owned by PayPal which is a well-known online financial service for paying items through a secure Internet account. Venmo now is a widely accepted payment option which means that your PayPal MasterCard can be added to Venmo and used for payments as well as funds.
Designed in a different style, Venmo has a social media-like feed where you can see your friends transferring you the amount and comment or send emojis on it. However, you can always choose who can see your feed.
This innovative feed structure is what makes it interesting for its users who are highly active on popular social media platforms like Instagram and Facebook.
As said earlier, Venmo is curated in a unique style which makes it different from other payment transferring applications and these features are:
Features like these make Venmo a step ahead of all the money transfer applications with an innovative approach.
Venmo app is a user-friendly application and highly interactive to use, below are the mentioned steps of how to work with Venmo:
You can start by sending or requesting money from your friends, while these updates are posted on the feed of Venmo where you can like or comment on made transactions.
Note: Settings can be changed to who can see your made transactions.
In the present scenario, an app like Venmo can prove to be extremely beneficial because of the power-packed features this application has to offer to its users. Using Venmo is easy and it helps you a lot in sending and receiving money through your account with an instant touch. With other loaded features like:
Venmo becomes a highly well functioning transferring money application. Venmo now is a widely accepted payment option for everyone after being bought by PayPal.
Setting up an account on Venmo is absolutely free and receiving the money too. But the money that you receive in Venmo is not credited into your account directly and is added to your Venmo balance. The amount is only credited once you apply.
Venmo only waives a fee of 3 percent if any transaction is made with a credit card.
When it comes to money, we are not always up for taking risks. We often try to find the most secure way of sending our payment to someone is a hassle-free way. And in this era, we are looking for something more when we try to send a payment to someone.
The process of sending, requesting money and splitting bills with the app is very convenient and quick. Apart from that, the social media interface designed by the Venmo money splitting app is a very different step in the money transferring sector where people can see and even comment on transactions made by you.
Additions like Venmo balance and Venmo card are the standout features and make money management easy and fun to use. Special QR code identification given to everyone who is using Venmo to add each other can be seen as a great effort to increase the security and accountability of the application.
To further read our descriptive app reviews featuring the latest Android and iOS apps, subscribe to MobileAppDaily. Also, let us know your thoughts regarding this app review in the comment section down below.
Cut to the
chase content that’s credible, insightful & actionable.
Get the latest mashup of the App Industry Exclusively Inboxed