Hi Reeree_j29, Show Thanks for posting in the forum! Did you confirm with the card company that there is no issue on their side? If you have another account, it is possible that the card was added to it previously. If you are still unable to add the card and the card issuer confirmed that everything is ok on their side and you don’t have other accounts, you can contact us for a follow up. You can email or call us by selecting the Contact Us option at the bottom of the PayPal page. You can also contact us via Facebook: https://www.facebook.com/PayPalUK or Twitter: @AskPayPal. Jessica For those of you who don’t know, Venmo is a mobile payment service which is owned by PayPal. Venmo allows it’s users to transfer funds to others via a mobile phone app that can be downloaded through the App Store on iOS and also on Google Play for Android owners. However, both sender and receiver have to live within the U.S. If their service suddenly crashes, it’s going to cause problems for millions of customers, leaving a massive impact on their day, especially if they’re in need of lending or receiving some money. Do you have Venmo App Problems on Tuesday November 1, 2022? If you’re experiencing any issues when using the app, then feel free to leave a comment in the section below and the Product Reviews community will be sure to keep you up-to-date with everything that’s going on. In this article:
More than 40 million people use the peer-to-peer (P2P) payments app Venmo to make their financial lives more convenient. The app's so prolific, in fact, that it's become a verb. Splitting a restaurant tab with a friend? "Just Venmo me later." Buying a used desk off Facebook Marketplace? "I'll Venmo you upon pickup." If you're one of the tens of millions of people who use Venmo in conjunction with your bank account or debit card, you may be wondering whether you can add your credit card too. The answer is yes, you can use credit cards on Venmo—but before doing so, there are several things you should know. It's possible to use a credit card on Venmo, but you'll face a few restrictions. For example, you won't be able to add a credit card if it's already linked to another Venmo account, and you won't be able to transfer money from your Venmo balance to a credit card. Another big difference to keep in mind is that you'll pay a 3% fee to send money on Venmo using your credit card. That's in contrast to using your bank account, debit card or Venmo balance, which is totally free. Additionally, when you pay your friends and family via credit card, Venmo warns that card issuers could code the transactions as cash advances—which means an additional set of fees, often a minimum of $5 or $10. Cash advances also don't come with an interest-free grace period; they begin accruing interest immediately, sometimes at a higher APR. When it comes to buying from a business, Venmo transactions may be coded as purchases, thereby avoiding the additional fees and interest. Still, it's worth checking with your issuer before adding a credit card to your Venmo
account. Fees won't be charged when using Venmo to purchase an item from one of the company's partner businesses. In that case, the business will cover the transaction fees so you won't have to, even if you're using a credit card. 6 Tips for Using Venmo SafelyWhether you're paying on Venmo with your bank account, debit card, Venmo balance or credit card, you should follow some basic precautions to help keep your money and identity secure. Here are six tips for using Venmo safely:
If you ever notice a potentially fraudulent Venmo transaction, contact a customer service representative as quickly as you can. The Venmo app
has a built-in chat feature you can use to get help. 4 Alternative Mobile Payment ServicesNot thrilled with Venmo? No sweat: You've got plenty of other mobile payment services at your fingertips. Here are several other platforms to consider: Google PayThough Google Pay is mostly used for shopping online or in stores, you can also use it to send money to your loved ones. You can't, however, use credit cards to fund such P2P transactions. You can only use bank transfers or debit cards, neither of which will trigger a transaction fee. ZelleUnlike other mobile payment apps, Zelle allows you to send money directly from one checking account to another. The recipient doesn't need to be a Zelle user—and, if your bank is one of its partner institutions, you won't need to download an app. Best of all, sending payments via credit card doesn't incur any fees (though the company recommends checking with your bank or credit union to find out if they charge any extra fees). PayPalSending money to friends and family is free if the money comes from your PayPal balance or a bank transfer, but if you want to pay with a credit or debit card, you'll get hit with a 2.9% fee (plus a flat charge that can vary). If you're paying in U.S. dollars, the flat charge is 30 cents. Cash AppCash App has several unique features, including the ability to get your paychecks two days early, sign up for a free debit card that works in stores and at ATMs, and invest in stocks or Bitcoin. Just want to send money to friends? You'll pay a 3% fee to use a credit card; transfers funded via debit card or bank account are free. How to Decide Whether to Add Your Credit Card to VenmoThere's no doubt about it: Venmo and other P2P payment services are incredibly convenient, and often free of charge. Unless, of course, you're using a credit card—in which case you'll usually pay a fee to do so. When deciding whether to add your credit card to your Venmo account, you'll need to weigh the added security versus the added fee, and decide which
one matters more to you. |