In addition to sending payments between friends and family, you can also use it to pay for goods and services online and in stores, making it a flexible and convenient payment option wherever you are, online and offline. This can be used for everything from paying for pizza during a night out to splitting rent with your roommates. You can also split payments amongst friends, which is convenient when paying for group purchases or saving for special events among friends.
You can request and send payments to friends and family with notes attached for quick and simple remittances. It is considered safe and trustworthy for use to send and receive payments, as evidenced by the tens of millions of Venmo users (defined as someone who uses the app more than once per year.) Share, send and receive payments with ease Venmo is widely accepted by major retailers online and offline. In August, Cash App received 3 million downloads. It was founded in 2009 and processes billions of dollars worth of transactions each year. Of the major digital payment providers, PayPal and Venmo lead the pack, according to Forrester, with Cash App making fast inroads in the past year. Venmo is owned by industry payment processing veteran Paypal.
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