The new way to send money digitally: Venmo

Authored by: Support.com Tech Pro Team

1. Venmo

Let's face it, using physical cash as a form of payment is a thing of the past. Now when we go shopping, we just swipe our credit cards or tap our phone. While this is extremely convenient, it makes transferring money between your friends, family, and coworker a lot harder. After all, people don't walk around carrying a cash register for you to swipe your credit card. That's where Venmo comes in. Venmo is the new way to transfer money straight from your bank account to a friend's with just the tap of your smartphone. The best part is, it’s completely free. 

Here's how it works: 

The home screen shows you all your and your friends' past payments. You can make a new payment by tapping the button (1) on the top right.

Here you can either make a payment or request a payment. All you have to do is enter the person, the amount, what it’s for and select Request or Pay.

Once you hit Pay the money will be sent from your payment method to the other person. You can add a new payment method by:

1. Tapping the menu button on the top left corner
2. Selecting settings
3. Then selecting Payment Method

When people send you money it will be added to your Venmo balance. You can either keep this balance in the app or transfer it to your bank account. Transferring your balance to your bank account is easy and can be done by doing the following:

1. Tapping the menu button on the top left corner
2. Selecting Transfer to Bank
3. Then choose the credit card to which you want to transfer the money