Venmo can be described as a social finance application rather than a personal one. Because Venmo, where you can add your friends like a social network, simply open the application and choose your friends to share the account, pay rent or bills. Sending and receiving money via Venmo, which is free, is as easy as texting. As such, the application priority market is very popular among young people.
Venmo's payment feature appears alongside other payment options in online purchases, and Venmo users make their purchases via Venmo instead of entering their card information etc.
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If you want, you can keep the sending information. so no one sees who you are sending money to etc. In addition, if you want to convert the limit on your credit card to cash, you can send money to your friend on the credit card with 3 percent commission and you can complete the transaction by asking your friend to return this amount to your venmo account. Among the apps I use, it is the most open one I use.
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You can transfer the money instantly to your bank account by giving 1 percent commission.
It takes 3 working days to spend free. It is better to keep small coins in venmo because you can transfer them directly from venmo balance.
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