How Venmo works?



Volume1Technical Manual 93408582423000By: Lissy Roggenburk Image: (Concepcion)How To Use The Venmo AppTable of Contents TOC \o "1-3" \h \z \t "Chapter Title,1" What is Venmo? PAGEREF _Toc36023002 \h 1How Venmo Works?1Installation and Setup2Finding and Adding Friends3Making Payments4Requesting Money5Transferring Venmo Balance to Bank Account5Index 6Contact Information6References7What is Venmo?Venmo is a smartphone app that allows you to pay and request money from your friends and family. At its core, Venmo provides a social way to pay your friends when you owe them money and do not want to deal with cash (Venmo, 2016). (Ripton)How Venmo works?Use Venmo to pay or request funds from people. This App is a safe place where you are able to create a “venmo balance” of payments received, or you can set up to send money and transfer funds directly to and from your personal bank account. Venmo is also a social network that includes a newsfeed where you can see who paid who and what for. However, the privacy and sharing setting can be altered to make it comfortable for you. 1Lets get started! Installation and SetupDownload the Venmo app: Using your smartphone, download the Venmo AppSign up: Choose your sign up method, either “sign up with Facebook”, or “sign up with email” and create a secure password (between 8 and 32 characters long) Verify your phone number and email addressAdd and verify your bank account by choosing your bank and adding your preferred credit card information as shown in the images below Notice: You can sign up with either Facebook or email2Finding and Adding Friends Contacts: You will be asked if Venmo can access your contacts, if you give permission, Venmo will automatically look for people in your contacts who have Venmo accounts and will add them to your friends (and you will be added to theirs) Facebook: By linking Venmo to your Facebook account, Venmo will access your friend’s list.Manual: You can add friends manually by searching for their user name in the search bar, opening up their profile, and adding them as a friend, as show below in the images By choosing the “Invite Friends” tabs beneath “Search People”, you can add people from your contacts rather than searching by username 3Making PaymentsBegin at the home screen and click the small icon in the top right hand corner, like shown belowlefttop(Stobing)Search and click on the name of the person you want to make a payment out toType in the amount of money you want to pay your friends and what forClick “pay” and the money will be directly sent to the recipients’ Venmo account 4Requesting MoneyIn order to request money, you will follow the same basic steps as making payments but instead you will click “Request”. The person will receive this request and make the payment to youTransferring Venmo Balance to Bank AccountClick on the three-stripe icon in the top left corner as shown in the image below (Daniels)Tap “Transfer to Bank”An alert will pop up reading “Add Bank Account”; you will then click on this buttonYou will then choose your bank then type in the bank User ID and password Once you have entered the correct information, you can transfer your Venmo balance to your bank account by typing in the amount you want transferred and clicking “Transfer” 5IndexBank Account-----------------------------1,2,5Contact--------------------------------------7Email----------------------------------------2Facebook-----------------------------------2Friends--------------------------------------1,3Adding Friends-------------------3Contacts---------------------------3Facebook--------------------------3Manual-----------------------------3Installation----------------------------------2Payments------------------------------------1,4Privacy---------------------------------------1References----------------------------------7Requests------------------------------------1,5Setup----------------------------------------2Sign Up-------------------------------------2Social----------------------------------------1Transfer-------------------------------------1,5Venmo--------------------------------------1Venmo App----------------------1,2Venmo Balance------------------5Contact InformationCellphone: 440-465-4816 Email: Ayro224@uky.eduHome Adress: 656 Bridegside Dr., Avon Lake, OH, 440126ReferencesConcepcion , A. J. (2014, February 21). Venmo and the Tech-Traditionalism Struggle. Retrieved March 02, 2017, from , M. (2017, February 27). How to Set a Venmo Passcode on an iPhone 7. Retrieved March 07, 2017, from , J., V., & Merat, L. (2014). 6 apps to stretch your student dollar. Retrieved March 02, 2017, from , C. (2015, June 09). How to Use Your Smartphone to Easily Send Money to Family and Friends. Retrieved March 02, 2017, from . (2016). Retrieved March 02, 2017, from ................
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