With cashless and contactless payment methods becoming all the more common, particularly amid the COVID-19 pandemic, money-transferring services, such as Venmo, have grown in popularity.
While typically used to pay or request a payment from a friend, family member or someone you know, more and more retailers are now offering customers the ability to pay in-store purchases simply by using Venmo.
How it works is Venmo mobile app users can either scan a store’s QR code to pay or let the store scan yours from your phone by simply tapping “Scan” followed by “Show to Pay” in the app.
Stores that accept Venmo directly as payment include Abercrombie & Fitch, Boxed, CVS, Forever 21, Foot Locker, Grubhub, Hollister, Hulu, Jane.com, J. Crew, Lululemon, Poshmark, Seamless, Uber Eats and Urban Outfitters.
You can also apply for a Venmo credit card through Visa or a Venmo debit card through Master Card if you prefer a physical card compared to the app. All purchase activity can be tracked using the app.
Retailers which accept both Venmo debit and credit cards as payment include Adidas, Amazon, Coach, Dick’s Sporting Goods, Home Depot, Kohl’s, Macy’s, Nike, Nordstrom, Samsung, The North Face, Under Armour, Walmart and Wayfair.
Venmo is a free, easy-to-use service, simply sign up for an account and link your bank, debit or credit account. Notably however, there is a 3% fee for sending money using a linked credit card.
You can even trade select cryptocurrencies using Venmo as well.
What is Venmo?
Venmo allows you to pay and request money from your friends. It provides a social way to pay your friends when you owe them money and don’t want to deal with cash. For example, users can use the app to split a lunch bill, pay a friend half of a cab fare or send your roommate your half of the rent.
Venmo should not otherwise be used to make or accept payments for goods and services with people you don’t know (for example, concert tickets, electronic equipment, sneakers, a watch, or other merchandise, deposits for apartments, or dog walking).
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