Venmo offers its customers debit and credit cards that work on the Mastercard network. With Venmo, you can make payments anywhere in the US (United States) and its territories, everywhere where the Mastercards are accepted.
How to use Venmo Debit card?
Venmo offers two types of cards to its customers:
- Venmo Debit card
- Venmo Credit card
You can use a Venmo debit card during checkout. When you are prompted for payment, ask for a payment reader and simply tap the Venmo debit card onto that reader. Make sure your card is about one or two inches away from the payment reader so it scans your card quickly.
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How to use a Venmo Debit card at an ATM?
You can use a Venmo debit card to make purchases all over the US wherever Mastercard is accepted. You will need to do is keep your Venmo debit card handy. Now, if you want to use your Venmo debit card at an ATM then consider the steps below:
Step 1- Look for ATMs that accept Mastercard, Pulse, Cirrus, or money pass. As Venmo works on the Mastercard network, wherever MasterCard is supported, your Venmo card is good to go.
Step 2- Insert your card into the ATM slot, and wait till the ATM reads your Venmo debit card.
Step 3- Select the preferred language you want to proceed with.
Step 4- Now enter the four-digit pin of your Venmo debit card, and then click on continue.
Step 5- Then choose one among the available services such as fund transfer, cash withdrawal, cash deposit, and bill payments. Once done, click on the cash withdrawal or other options from the list.
Step 6- If you are withdrawing cash, you need to select the account type from which you want to withdraw money from.
Step 7- Then, enter the transaction amount that you wish to withdraw from the ATM.
Step 8- The requested amount will now be provided in the form of cash from the ATM. Collect your cash.
Step 9- You will now be asked if you want a printed receipt for the current transaction you made, both the options of yes and no are available- and you can choose accordingly.
Step 10- Once done, The ATM will ask if you want to make another transaction or not. If you wish to make another transaction then follow the same steps listed above. If not, then click on “NO”.
You can now collect your ATM card if you don’t wish to make any more transactions, and that’s all!
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How does the Venmo Debit Card work?
You can apply for a Venmo debit card online via the Venmo app. Once approved, you may expect your Venmo card to arrive at your doorstep in fifteen business days.
A Venmo debit card acts the same as your master card, as it works on the Mastercard network. You can use the Venmo debit card in the US and its territories only. Also, your Venmo debit card works wherever Mastercard is accepted.
You will be able to use the funds which are present in your Venmo account only and not your bank funds.
However, there is an option by which you can use the funds of your bank account through your Venmo debit card. To do so, you need to first add funds into your Venmo account from your bank account. Then, you can use the added funds for your Venmo debit card.
How to Put money on a Venmo Debit Card?
You can only access funds via your Venmo debit card that are present in your Venmo account. For starters, there is an option to add funds to your Venmo account, from your bank account. Then, you can access those funds from your Venmo debit card.
To do the same, consider the steps mentioned below:
Step 1- Launch the Venmo app. (Download the Venmo app from Play/App Store if you haven’t already).
Step 2- Navigate to the “You” tab in the app.
Step 3- Tap on the “Manage Balance” option.
Step 4- Enter the amount you would like to transfer onto your Venmo account and hit “Next”.
Step 5- Confirm the bank account you’d like to transfer money from and check the transaction info. Once done, tap on “ADD now”.
Step 6- Now your transaction will begin to process.
NOTE: Once you hit on “add money” there is no way to cancel your transaction.
Post-transaction, you can now use the funds available in your Venmo account through your Venmo debit card.
How to Make money out of a Venmo debit card?
As we already know, Venmo debit cards allow its users to make purchases via their Venmo account balance. Added to that, Venmo also offers you various cashbacks on purchases made with the Venmo debit card.
If you have a Venmo debit card, you are enrolled in Venmo offers by default.
So, Venmo offers are powered by Dosh. After making a transaction using your Venmo debit or credit card, Dosh is responsible to check If the transaction is eligible for cashback or not. If it matches the eligibility criteria, Dosh sends you cashback rewards directly to your Venmo account.
You can view the current merchant offers under the offers section of your Venmo app.
How to check Venmo card Balance?
Every time you make a purchase using your Venmo debit card, the funds are drawn from your Venmo account. Even when you withdraw funds from your Venmo debit card via an ATM, the money you are withdrawing is from your Venmo wallet balance.
Venmo balance is directly associated with your Venmo cards, applicable for both credit as well as debit.
Now, to check your Venmo card balance, you need to just view your Venmo account balance. In case your Venmo balance is low, you can add funds directly from your bank account and then use those funds via your Venmo card.
You can see the available funds in your Venmo account with the help of the Venmo app. Consider the steps below to check your Venmo balance-
Step 1- Launch the Venmo app.
Step 2- Navigate to the “You” tab by tapping on the single person icon.
Step 3- The amount available in your Venmo account will be displayed on top of your screen.
How to Pay with a Venmo card?
You can use your Venmo card (credit or debit) just like any other payments card, anywhere in the United States and in its territories.
For starters, you may use your Venmo card to withdraw money from your Venmo account. However, the Venmo card can only be used at those ATMs that accept Mastercard.
Also, your Venmo card comes in handy to make quick purchases. During the checkout, ask the merchant for the payment reader machine, tap the Venmo card on it, enter your pin, and your payment will be processed in a jiffy.
Can you use a Venmo card at Stores?
Apart from withdrawing cash from the ATM via your Venmo card, you can use your Venmo card to make purchases and transactions anywhere in the US where Mastercard is accepted.
Say, you need to pay for your groceries. Then you can use your Venmo card to pay if the merchant accepts MasterCard payments.