Here’s how the story goes. You need a birthday present for this weekend for your child’s friend and you decide to chip in with a friend to get something nicer or more substantial then what you would have bought on your own. You lay out the money for your friend and now it’s a drag to chase down your money owed. How about you want to send a get well basket or flowers or a new baby gift and you ask a bunch of friends if they want to chip in X amount of money and now you have to track down 10 people and collect your 10 bucks. How about you want to go to a concert with your friends 🎤 and you are always the sucker to lay out money 🙋🏽and get on Ticketmaster at 10am only to be shut out of tix by 10:01am and then forced to scour stubhub for annoyingly expensive tix lol…now you have to collect hundreds of dollars from your friends, and your so sidetracked with life that you always end up forgetting who paid you and who didn’t…🙍🏽 I mean the list goes on and on and the annoyance of having to collect money is A BURDEN! The struggle is real….
If you are nodding your head to these scenarios then I am about to change your life…it’s a FREE app called VENMO!!!! You can pay off your debts and collect money owed in a matter of SECONDS! Think about this. How easy is it to pay off money owed in 3 seconds verse having to drive and/ or meet up with your friends and give them cash or write a check. No more having to walk to mailbox and send a check. No more having to keep track of debts and the hassle of reminding people to pay you.
With Venmo you can send a payment request to your friend with how much they owe you and then with ONE CLICK they can press pay! Or you easily just go to the app and pay your friend with ONE CLICK.
Here is a good summary from an article on Slate: Why everyone should be using the wallet app venmo- “The app is called Venmo, and it allows you to exchange payments with people in your social circles via your smartphone. It’s free to download and use, so long as you link your account to your banking account or a debit card (using a credit card carries a 3 percent transaction fee). The app links your Facebook friends and email contacts to your bank account. All data is sent over a 256-bit encrypted connection—the same encryption method used to protect classified government information—and transactions are protected by the Federal Deposit Insurance Corporation. Friends you’ve opted to “trust” can automatically withdraw money from your account (though I haven’t “trusted” anyone with that option yet). Expenses among your friends are then displayed in a Facebook-like stream, a feature the company added last year. (But if you’re uncomfortable with your Venmo contacts seeing how much you spent on, say, Beyoncé tickets, you can choose to keep transactions private.)”
The deal is, you can pay with your stored credit card or you can pay directly from your bank account which is also securely stored. In order to receive money you need to enter your bank account info. When I was setting up my account I panicked because I was like oh great where am I going to find my account number. My husband informed me that it’s on the bottom right side of our check book…good to know honey! Once I entered that info I was good to go! Now I could easily send and receive money directly to my account with one step!
When you pay a friend or request payment and you want to be cute or funny you can make a funny memo for the reason you paid. It helps you keep track of what you paid or why you were paid and how much. It also has a social media feel because you can see what other people are paying or being paid. This doesn’t bother me, I think it’s funny to see what people write for their memos, but my disclaimer is your friends can see what you paid and what you wrote. The truth is I only see current payments when I go to pay or when I get an alert that someone just paid me. It’s not the kind of thing where you’re sitting there going back and back and back seeing everyone’s payment history. I mean I guess you could, but who has time for that? Lame…🙄 Here is info from Wikipedia “A unique aspect of Venmo is its social aspect. When a user makes a transaction, the transaction details (stripped of the payment amount) is shared on the user’s “news feed,” and is shared to the user’s network of friends. The transactions can be made private, but most users do not change the privacy settings.”
When I first learned about the app I was SO excited to tell my friends because we constantly owe each other money all the time. 👭🎁A few of them scoffed at the concept because they are afraid of new technology . 🤔 They mocked me and they got a good laugh at one of my new crazy ideas. 😡👊🏽 Well just last week one of those friends, we shall call her “Granny”, 👵🏼came crawling back begging for forgiveness and admitting I was right and how the app was in fact life changing…💁🏽
Give it a try, I promise you will be thanking me later. For those of you who are still afraid…well your really just spiting yourself…
Here is info from the app…