Venmo

Venmo is an application that allows you to easily send and receive money from friends and family for various purposes, such as splitting rent or sending a gift. You can also add a note to each payment to share and connect with your friends.

With Venmo, you can now send a payment request to multiple friends at once and customize the amount each person owes. This makes it easier to split expenses among a group of people.

By using the Venmo credit card, you can earn up to 3% cash back on your eligible top spend category. You can also split card purchases with Venmo friends and use it to shop online, in-store, and worldwide where Visa credit cards are accepted.

Venmo also allows you to buy, hold, and sell cryptocurrency right on the app. You can learn more about crypto through in-app resources, but it's important to note that it is volatile and can rise and fall in value quickly.

The Venmo debit card can be used everywhere Mastercard is accepted in the US, and you can earn cashback from some of your favorite spots. Additionally, Venmo offers teen accounts with a debit card and the ability to send money to trusted friends and family, with no minimum balance or monthly fee.

For those with a side gig or small business, Venmo offers the option to create a business profile under your same account. You can also use Venmo to pay in various apps and online, such as Uber Eats and Grubhub. And with Instant Transfer, you can get your Venmo money in the bank within minutes. For even faster access to your funds, you can try Direct Deposit and potentially receive your paycheck up to two days earlier than your normal payday.

However, it's important to note that the use of cash back and cryptocurrency on Venmo is subject to certain terms and risks, and the Venmo credit and debit cards are issued by different banks. Additionally, the Venmo Teen Debit Card is only available for eligible users aged 13-17 with parental or legal guardian sign up. And while Venmo strives for fast transfer speeds, there may be delays or reviews that could affect the timing of your transactions.