Review on Venmo by Adedamola Adeniji
Venmo a Social media inclined payment platform
Venmo is a digital wallet owned by PayPal that gives you a ground to make payments and have fun with your friends.
It was launched in 2009 and has handled well over 12 billion dollars in transaction.
Account holders with Venmo can make transactions through their mobile app either Android or iPhone, both sender and receiver must reside in United
Venmo runs on both Adriod app and iPhone app on which you can pay for your dinner, movies, house rent and utilities
Payment on Venmo via debit and credit card is charge free and it is a round the clock service too.
Venmo offers more than just payment services it fooster social media community bond.
It has zero percent fee for sending money from linked account and just 3 percent for sending money using a linked credit.
Premised on its design, Venmo automatically publishes peer to peer transaction without the amount a feature that has been trailed with lots of criticism for its high risk of exposing users sensitive details but it has overcome this via its latest technological upgrade
Setting up your account on Venmo is amazingly easy, just download the app from your device's store install, then supply your basic information and your email address is also a prerequisite.
If you're in the US and you enjoin social media inclined financial platform then it's time to ask your friends to Venmo you some
Pros
- User friendly interface that works well on Android and iPhone
- Venmo gives you more than just a payment services it equally fooster social media community bonding.
- It charges no fee for sending money from linked account and only charges 3 percent for sending funds via linked credit card.
Cons
- It has a hack history and users are open to the risk of privacy exposure.
- Limited to only US residents.
