Venmo Debit Card

Everything you need to Know about Venmo Debit Card, Apply, activate, Venmo Works, and Rewards

Updated September 28, 2022 – Venmo Debit Card: Venmo was founded in 2009 as a text-message-based system for payment delivery. In March 2012, Venmo launched a platform that integrated social networks to capitalize on the booming P2P economy. Braintree, which is the mobile payment system used by Uber and Airbnb, purchased Venmo for $26.2 Million.

Venmo saw a significant increase in users less than a year later when PayPal Holdings Inc. purchased Braintree for $800million and quickly monetized Venmo’s user base.

In 2018, the app, which allows users to pay each other with linked debit cards, credit cards, or bank accounts, was made available as the Venmo debit card.

The Venmo Debit Cards are not like traditional debit cards which pull from linked accounts. Instead, purchases made with the Venmo Card are charged to your account balance. However, you will still need to have a linked account in order to transfer funds to that balance.

  • Venmo was founded in 2009 as a peer-to-peer text-message payment platform. Three years later, the platform launched an integrated social network.
  • It was purchased by Braintree in 2012 and then acquired by PayPal a year later. Venmo charges a standard fee of 3% for sending money. However, the company will waive that fee if the transaction is funded using a Venmo balance or a bank account.
  • When users send money using a credit card, the 3% fee will not be waived.
  • Venmo can be used to pay for purchases by around 2 million brick-and-mortar and online merchants.

How to get Venmo Debit Card?

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Venmo is a popular app-based payment system that PayPal owns. It launched its debit Venmo card in the summer of 2018.

This card allows you to use your Venmo account to purchase outside the app at any vendor in the US that accepts MasterCard.

  • Apply on the app to get a Venmo card. Usually, you will receive your Venmo Card within five to seven days of being approved.
  • A Venmo card is a mobile payment service that offers a debit card. It uses your balance to make purchases within the United States.

What’s a Venmo card?

Venmo Debit Card
Venmo Card

The Venmo card functions as a debit card. It is available through Mastercard’s network. The Venmo Card can currently only be used in the United States.

You can use your Venmo card at all merchants that accept Mastercard. Venmo cards are free to apply for and there are a few cash-back options, such as 5% cash back at Target.

Venmo will ask for your personal information. This includes your last four digits and address. After you have been approved for a Venmo Card and received it, you can track your purchases and share costs with Venmo friends.

You can also temporarily disable the Venmo card if it’s lost or stolen, and then re-enable it after it is found.

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How to get Venmo Debit Card?

If you want to know how to get a Venmo Debit card then follow this process given below never mistake any steps to know to get a Venmo debit card.

Step 1: First of all download the official app of Venmo App via iPhone or Android.

Step 2: After that At the top left-hand corner, select the menu icon, resembling three horizontal lines.

Step 3: After that Scroll through the menu and select “Venmo Card.”

Step 4: After that, a screen will appear that explains all the features of Venmo cards. Click the button “Get the Venmo card” at the bottom.

Step 5: Then, you will be asked to choose a Venmo color. There are many options available: white, yellow, and pink; green, blue, and black. Select your choice and then click “Next” at the top right corner.

Step 6: Next, enter your first name and last name. Then, tap “Next.”

Step 7: Venmo will ask you to enter your last four digits and date of birth. After you have completed this, please read the terms and conditions before clicking “Next.”

Step 8: Next, enter your address to send your Venmo Card. Then, enter it and click “Next”.

Step 9: Next, you will be asked if your Venmo card should automatically be reloaded in the event of a low balance. Also, which bank account do you wish to withdraw from? After you have made your selections and chosen a bank account that is already connected, click “Next” at the bottom.

Step 10: After reviewing your information, click “Submit” at the bottom. Venmo will verify your identity and, if approved, your Venmo Card will be “in production”. It will show you the address where the card is being sent and the expected delivery date, usually within five to seven days. A confirmation email will be sent to you.

How to Activate Venmo Debit Card Online?

Venmo, like other payment services, also offers debit card facilities to customers. You have reached the right place if you received a Venmo debit card recently and want to activate it. It is simple and straightforward to activate your Venmo debit card via phone. You can activate your Venmo debit card easily by logging in to your Venmo account, or calling the Venmo contact number. Ensure that the Venmo debit card is always at your fingertips when activating it.

Step by Step Venmo Debit Card Activation Process

These are the steps that you need to take in order to activate your Venmo debit card online.

  1. Visit the Venmo login page using your computer or mobile device
  2. You can also go to the App Store or Play Store to install Venmo on your smartphone.
  3. Enter the username and password for your Venmo account.
  4. Check your Venmo login information and click on the “Login” button
  5. After logging into your Venmo login account you can go to the Settings section of your Venmo account.
  6. Tap on the Venmo debit option to find it
  7. Enter the number of Venmo Mastercard into the appropriate field, and then tap Activate
  8. You have successfully activated your Venmo Mastercard online debit card

After following the steps above, you can activate Venmo Mastercard debit online. To avoid any issues when activating your card, make sure you enter the login credentials correctly and the card number on the appropriate page.

How to Activate Venmo Debit Card Via Phone

You can activate your Venmo debit card via phone by following the steps below

  1. Turn on your smartphone and take it with you
  2. You will now need to choose an app to make a phone call
  3. Locate the Venmo official Number from the back of the card
  4. Dial Venmo by entering your number
  5. You must ensure that your balance is sufficient to allow you to make the call.
  6. Once you have connected the call to Venmo to your phone, talk to an agent to discuss your question.
  7. Agents may request information such as your Venmo Card number and other details to activate your Venmo debit card over the phone.
  8. Finally, you will be informed by phone that your Venmo debit card has been activated

How to work Venmo?

Venmo users can immediately start exchanging funds between themselves by installing the app onto their smartphones and linking their Venmo accounts with their credit cards, debit cards, or checking account. Venmo acts as a virtual fiscal intermediary.

Venmo could be described as a middleman who acts between the bank accounts of two users to facilitate a payment transaction. Let’s say Sally offers to sell Mary $50 for a bracelet. Mary instead of transacting with Mary’s bank account, Mary transfers the funds to Sally via Venmo. This raises Sally’s balance by $50 and reduces Mary’s Venmo balance.

Venmo balance can be described as a virtual ledger. It represents funds trading hands without actually executing any transactions outside of the Venmo platform. The money is technically not in the user’s possession until Venmo transfers it to the bank.

You can send money or request it by tapping on the Venmo button and entering the email address, telephone number, or username of the recipient. You can choose to keep the funds in your account or transfer them into your linked bank account if you are the recipient. You can also add money to your Venmo account using a debit card, or any other payment source.

You can also make payments via the app without having the funds. If you make a payment greater than your Venmo balance, funds will be taken directly from your linked bank account. If the transfer amount exceeds your balance, the funds on the platform will be used.

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Venmo Rewards gives you cash back

Venmo rewards were launched in October 2019 as the official rewards program for Venmo Debit Cards. The Venmo Debit Card now offers instant cashback rewards when you make purchases at participating merchants with Dosh, the third-party cash-back platform that manages Venmo Rewards. Your rewards will be automatically deposited to your Venmo account whenever you make a purchase that is eligible.

For a limited time, merchant offers can be viewed on the Venmo App. These offers are not available unless you have a Venmo Debit Card. The cashback amount may vary depending on the offer and there may be a limit to how much cash you can earn. Venmo offers 5 percent cash back on purchases made at Target, Wendy’s, and Sephora in the past.

Venmo Debit Card Security Protections

The Venmo Debit card is covered by Zero Liability Protection. This means that you will not be responsible for any unauthorized transactions. Mastercard Global Service allows you to report a stolen or lost card and get an emergency replacement. Mastercard ID Theft Protection tracks your credit file and alerts you to suspicious activity, as long as it is activated. You can also disable your card or enable it within the Venmo app if you lose it.

Venmo offers its own set of protections as well. Under the Protected Purchase Program, purchases made at authorized merchants using the Venmo Debit Card are covered in full (plus shipping costs) in certain circumstances, including if you did not receive the item or if the item does not match its original description.

Where can I use my Venmo Debit Card?

Accepted in the U.S. is Everywhere Mastercard. Venmo and Venmo Debit Cards cannot be used with international merchants even if you place an order online from the U.S.

Is it possible to use my Venmo Debit Card abroad?

For transactions in USD, the Venmo Debit Card can only be used in the U.S. or U.S. territories. Venmo and Venmo cannot be used with international merchants even if you place an order online from the U.S.

How to apply for the Venmo Card?

The Venmo app allows you to apply for a Venmo Card. Go to settings and click “Venmo card.” The next screen will show a list of all the card’s features. To proceed, tap “Get the Venmo Card”.
You’ll then be asked to choose one of five available colors for your future cards and provide your information including your legal name and date of birth.
The Venmo debit card does not require credit checks for approval. Your credit score will not be affected by a hard inquiry that you submit when you apply.
You can expect to receive the card within 15 business days after you have been approved.

How to New Venmo Debit Card order from Venmo App?

>First of all download the Venmo app from the play store.
>After downland Venmo app, Install.
>After that enter login details (username and password)
>After that Go to the Cards tab on the Venmo App Home page
>After that select Venmo debit card
>Next follow the screen instructions to enter your details like name, home address, date of birth, etc.

What fees does Venmo Charge?

In the majority of transactions in Venmo, there aren’t any charges. This doesn’t mean it’s accessible for free – but rather users should be aware of what they can expect to get charged when sending or accessing their funds.
It’s free to transfer money in the direction of other Venmo users with the Venmo balance or bank account. If, however, you decide to make a payment via credit card, Venmo charges you 3% for the transaction. For instance, if you send your friend $100 with the credit card connected to your account you’ll be charged $103.
There are also fees to be paid when you transfer funds in your Venmo balance to your bank account by using the feature of instant transfer. In the case of an instant transfer, the money will be transferred to your bank typically within 30 minutes. However, Venmo charges a 1 percent fee, with an amount of $0.25 and up to $10. There is no cost for using the standard withdrawal and it can take anywhere from three to four days for it to appear in your account in the bank.
In addition, if you’re using also the Venmo debit card may be charged for the withdrawal of funds from an outside-of-network ATM. Alongside ATM charges, Venmo will charge $2.50 when you use an ATM.

Is Venmo Safe or not?

Venmo claims it uses a variety of security measures to safeguard the financial details of its customers, such as encryption of data and password protection. However, it’s not completely secure, and users may be exposed to risks that range from web-based “phishing” to stolen account passwords.
In accordance with the terms and conditions of Venmo, the users are safe from fraudulent transactions that are made on their accounts if another is able to access the account. If, however, you make a payment to the incorrect person, the only option is to politely request the return of the money. Though users can contact Venmo for assistance, however, the company’s website states that its website that “We cannot guarantee we’ll be able to help recover the money.”
If you transfer money through Venmo to someone to purchase items that have not been delivered or a service isn’t provided in the event of a dispute, you may not be able to recover the money.
“Venmo does not protect you from transaction fraud,” states Samantha Ettus, founder and CEO of payment solution provider Park Place Payments located in Woodland Hills, Calif. “Let’s imagine you have paid the neighbor ahead to collect groceries. You make the payment using Venmo and If they don’t give you the groceries then you don’t have recourse.”
This is why Ettus advises users to pay cash only after a specific service has been completed. “Pay your babysitter by the end of the shift. You can pay your friend after they’ve purchased the present,” she says, “or you can do this with people who you are able to trust. It’s not a good idea to be giving money to people you don’t know through Venmo If you haven’t received the gift you were supposed to get.”
Also, remember that the information you provide in your Venmo transactions might not be protected. If you’ve not changed your settings since you first signed up all users in the app could be able to view the transactions you make – which includes your username, profile picture, as well as the memo you sent along with the money.
“Venmo by default sets transactions to ‘public’,” says Justin Varner, a principal security engineer at credit-building bank Self Financial. “The user has to opt-in to make them private.”
To keep transactions anonymous users need to go to the “Privacy” menu under Settings within the app and then change the settings to private. If not, anyone – even those who are friends with Venmo can observe when you transfer money, and who you send it.

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