Pay and Receive Money via Text Message
What is Venmo?
Venmo is an easy way to pay and receive money using your cell phone via text message. You will no longer have to make trips to an ATM machine or worry about writing checks and putting them in the mail. With Venmo, you can pay your friends, family, and favorite shops by simply sending a text message.
When you sign up, you receive an account where you can store your Venmo funds. If needed you can link your Venmo account to a credit card or checking account. So, transferring money between friends, family, and businesses becomes fast and streamlined.
What’s the catch?
Venmo is a startup company who is just getting off the ground. Although this may sound like a great idea this payment method is still in its infancy. I would suspect most businesses, are not supporting this as a payment method just yet. But, looking forward, I’m going to bank on this becoming huge!
