How to Put Money into Venmo: A Comprehensive Step-by-Step Guide

I. Introduction

Venmo is a popular mobile payment platform utilized by millions of people worldwide. It’s easy to use, convenient, and secure. One of the key features of Venmo is the ability to transfer money to other Venmo users or merchants. However, before you start making payments, you need to first add money to your Venmo account.

II. Step-by-Step Guide for Adding Money from Bank Account to Venmo

Many users prefer to add money to their Venmo account from their bank account. This method is the most popular and the most convenient. It does not incur any transaction fees, and the funds are transferred quickly. Here is a simple guide to follow:

1. Open the Venmo app on your mobile device or visit the Venmo website on your computer.
2. Login to your account or sign up for a new account if you don’t have one already.
3. Click the “Add Money” button on your Venmo homepage.
4. Select the bank account you want to use, then enter your routing and account number.
5. Enter the amount of money you want to add, and click “add”.
6. Verify the transaction, and click “confirm”.

III. Using Debit Card to Add Money to Venmo

Another way to add money to your Venmo account is using your debit card. This method is easy and convenient, but it comes with a transaction fee of 1%. Here is how to do it:

1. Open the Venmo app on your mobile device or visit the Venmo website on your computer.
2. Login to your account or sign up for a new account if you don’t have one already.
3. Click the “Add Money” button on your Venmo homepage.
4. Select the “Debit Card” option.
5. Enter your debit card information, including the card number, expiration date, and security code.
6. Enter the amount of money you want to add and click “add”.
7. Verify the transaction, and click “confirm”.

IV. The Convenience of Adding Money via Mobile App

Venmo’s mobile app is easy to use, and it offers a range of benefits, including the ability to add money to your account. Here are the steps to follow:

1. Open the Venmo app on your mobile device.
2. Login to your account or sign up for a new account if you don’t have one already.
3. Click the “☰” icon or the “☰” button at the top left corner of your screen to reveal the main menu.
4. Click the “Manage Balance” option.
5. Click the “Add Money” button.
6. Enter the amount of money you want to add and click “add”.
7. Select your preferred payment option and follow the prompts to complete the transaction.

V. Top-Up the Venmo Account with Credit Card

Adding money via credit card is another option Venmo users can consider. This method is fast and convenient, but it comes at a higher cost than other options. Venmo charges a 3% fee for each transaction. Here’s how you can add money using a credit card:

1. Open the Venmo app on your mobile device.
2. Login to your account or sign up for a new account if you don’t have one already.
3. Click the “☰” icon or the “☰” button at the top left corner of your screen to reveal the main menu.
4. Click the “Manage Balance” option.
5. Click the “Add Money” button.
6. Select the “Credit Card” option.
7. Enter your credit card information, including the card number, expiration date, and security code.
8. Enter the amount of money you want to add and click “add”.
9. Verify the transaction and click “confirm”.

VI. Transferring Money from PayPal to Venmo

If you have funds in your PayPal account, you can easily add them to your Venmo account. This option is convenient, and it’s currently the only way to use Venmo on websites that don’t accept it as a payment method. Here are the steps to follow:

1. Open the Venmo app on your mobile device.
2. Login to your account or sign up for a new account if you don’t have one already.
3. Click the “☰” icon or the “☰” button at the top left corner of your screen to reveal the main menu.
4. Click the “Manage Balance” option.
5. Click the “Add Money” button.
6. Select the “PayPal” option.
7. Enter your PayPal login credentials.
8. Enter the amount of money you want to add.
9. Verify the transaction and click “confirm”.

VII. Cryptocurrency in Venmo Account

Venmo recently added the ability to buy, sell, and hold cryptocurrency. This feature is available to users in all 50 US States. It’s a convenient option for those who prefer to hold their funds in cryptocurrency. Here’s how to add money using cryptocurrency:

1. Open the Venmo app on your mobile device.
2. Login to your account or sign up for a new account if you don’t have one already.
3. Click the “☰” icon or the “☰” button at the top left corner of your screen to reveal the main menu.
4. Click the “Crypto” option.
5. Select “Add Funds”.
6. Select the cryptocurrency you want to buy.
7. Enter the amount of money you want to add and click “preview purchase”.
8. Verify the transaction and click “buy”.

VIII. Safety and Security Measures when Adding Money

It’s essential to stay safe and secure when adding money to your Venmo account. Here are some dos and don’ts to keep in mind:

• Do link your Venmo account to a strong password.
• Do use two-factor authentication for your Venmo account.
• Do verify your email and phone number to receive alerts for account activities.
• Don’t share your Venmo account information with unauthorized persons.
• Don’t use public Wi-Fi when accessing Venmo.
• Don’t accept payments from people you don’t know.

IX. Conclusion

Hopefully, this article has provided you with a comprehensive guide on how to add money to your Venmo account, the advantages and drawbacks of each method, and the safety and security measures to take. Choose the method that best suits your needs and always remember to stay safe and secure. With this knowledge, you can add money to your Venmo account with confidence and convenience.