Did you know Venmo comes from the Latin word vendere, which means “to sell”, We’ll look at other sides to Venmo that could save you sizeable sums of money as you continue using the app.
How exactly does Venmo make money from its customers? Let’s find out.
Although you can get your hands on the card for free and use it in stores without paying anything, certain types of cash withdrawals incur a fee.
Everyone’s a winner. Users get cashback, the merchants boost their sales, and Venmo generates extra revenue.
Venmo also makes money when people buy and sell cryptocurrency on the platform.
Venmo allows users to cash checks if they have a Venmo Debit Card, once you do so, cashing a check this way grants speedy access to the money.
Venmo protects users against unauthorized transactions using advanced data encryption technology that safeguards your account information.