The Venmo app, founded in 2009, lets people easily transfer money between friends and family instead of opening their wallets and withdrawing cash. Even if you don’t use a mobile payment app like Venmo right now, your friends probably do, and sooner or later they’ll send you a request or payment. “Just Venmo me.” Download the app and you’ll get your money. (Resist is futile!)
Keeping your money safe when using payment apps like Venmo and PayPal
Venmo is undoubtedly convenient and offers industry-standard security. But like any app or software that deals with finance, it is not immune to scams and fraud.
In general, you can use Venmo in two ways:
Examples of how you can use Venmo:
