Venmo is a mobile payment service owned by PayPal that provides users with a new way to pay socially.

Venmo is a particularly interesting trading platform and has its own circle of trading friends - when you play money to a person, you can post a message and write interesting words that all your co-friends can see (it doesn't show the amount, don't worry). So this is probably why young people now prefer to use Venmo, and Venmo withdrawals are also faster and more convenient than PayPal.

Be careful when transferring large amounts from Venmo, it may be judged as commercial use.

Venmo synchronizes transactions with the user's checking account or debit card, allowing you to easily pay friends for dinner, rent, and more.

It helps you pay back money easily when you don't have cash, and Venmo is a mini social network where you can see other people who are paying each other using fun emojis to communicate.

Venmo is a popular wallet app in the US, especially among youth. It’s super-convenient to use and is an excellent option if you don’t want to get stuck with your friend paying cash on you - just tell them to send it through Venmo instead. The app only works on iOS and Android, so if you’re looking for something that will work on other devices, then this might not be for you. If you are worried about your financial details are not secure, this might not be the app for you, as they will be stored on venmo’s servers. It is free to use, but if something happens, then they can potentially take control of your money. Personally I have had no issues with this so far and I have been using it for almost 2 years now. There are two types of venmo accounts, personal and business. The important thing to note is that business accounts can be linked to a credit or debit card. That opens up a lot more options (and fees) that you can’t enjoy with a personal account. You can link your bank account to venmo and make direct bank transfers between accounts. However the most common way to use the app is by linking your debit and credit cards to it, which will allow you to make direct payments, withdraw cash from ATMs and send money at retailers like Whole Foods.