Venmo

Venmo is a mobile payment service that allows users to send and receive money from friends and family. With over 83 million users, Venmo is a fast, safe, and social way to pay and get paid. Users can add a note to each payment to share and connect with friends. Venmo also offers a debit card that earns automatic cashback when used at select merchants, as well as a credit card that offers cashback rewards. Users can also buy, hold, and sell cryptocurrency on the app. Venmo allows users to create a business profile for their side gig or small business, all under the same account. Additionally, users can pay in stores using their Venmo QR code and check out with Venmo on some of their favorite apps. Venmo also offers features to manage money, such as instant transfer to a bank account and direct deposit for paychecks up to two days early. Venmo's debit card offers automatic cashback when used at select merchants, with no monthly fee or minimum balance required. The credit card offers cashback rewards, with 3% cashback on eligible top spend categories, 2% on the next, and 1% on the rest. Venmo also allows users to buy, hold, and sell cryptocurrency on the app, with in-app resources available for those new to crypto. Venmo also offers a business profile feature for side gigs and small businesses, as well as touch-free payment in stores using a Venmo QR code. Users can also check out with Venmo on some of their favorite apps. Venmo offers features to manage money, such as instant transfer to a bank account and direct deposit for paychecks up to two days early. Venmo's instant transfer feature allows users to get their money in the bank within minutes, while direct deposit allows users to receive their paychecks up to two days early. However, transfer speed depends on the user's bank and may take up to 30 minutes. Venmo also offers in-app resources for those new to crypto, but buying and selling cryptocurrency is subject to risk and may result in significant losses. Venmo does not make any recommendations regarding buying or selling cryptocurrency and suggests seeking advice from a financial or tax adviser.