Monday, October 2, 2023

Easy Ways to Use Venmo Balance Instead of A Card: The Ultimate Guide  

In a world where cash is no longer king, digital wallets have emerged as the modern-day monarchs of transactions. Among these, Venmo stands out due to the convenience it offers, boasting more than 85.1 millions of active users.

No matter what you want to buy, you can use your Venmo Balance to buy anything easily with just a few clicks!

Imagine a scenario where you’re at the checkout counter, and instead of fumbling through your wallet for a card, you simply use your Venmo balance. No more declined transactions due to a forgotten card pin or a maxed-out credit limit. Just a seamless, hassle-free payment experience.

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But how can you easily use venmo instead of a card. Let’s get started with our ultimate guide on easy ways to use venmo balance instead of a card. 

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How To Use Venmo Instead of A Card?

Here are simple ways to use venmo instead of a card

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1. Start the Venmo App

  • Go to the “Me” section
  • Tap the Settings icon
  • Navigate to the ‘Payment Method’ at the end of the app screen
  • Switch to ‘Venmo Balance’ after finishing your transaction.
  • Verify your Venmo account before using the balance feature.

Additionally, ensure two things:

  • Your Venmo account can access the Venmo Balance feature.
  • Your Venmo balance has sufficient funds to cover the entire payment.

If either of these conditions is not met, you will not be able to send money from your Venmo balance.

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2. Using Your Venmo Balance

  • Connecting Your Bank Account
  • The first thing to do is link your bank account to your Venmo account.

To link your bank account, do the following:

  • Open the Venmo app and go to the “☰” menu
  • Tap “Settings” and then “Payment Methods”
  • Select “Add a bank or card” and choose “Bank Account”
  • Provide your bank account details and follow the instructions to confirm your account
  • Adding Funds to Your Venmo Balance
  • After linking your bank account, you can add funds to your Venmo balance.

Transfer funds from your linked bank account to your Venmo balance

  • Accept payments from friends or family and retain the money in your Venmo balance
  • Use your Venmo debit card to deposit cash at a supported retailer

Note that there might be fees associated with adding money to your Venmo balance, depending on the method you choose.

3. Using Venmo Balance Instead of a Card

Venmo allows you to use your Venmo balance instead of a card.

  • Choosing Venmo Balance at Checkout
  • When making a payment on Venmo, a screen will prompt you to select a payment method.
  • By default, your linked bank account or card will be chosen. However, if you have a Venmo balance, you can easily select it instead. Simply tap “Change” next to the payment method and choose “Venmo Balance.”
  • After selecting your Venmo balance, complete the payment as usual.
  • The funds will be taken from your balance instead of your linked bank account or card.

How to withdraw Venmo Balance?

If you want to withdraw your Venmo balance for use outside the app, you can easily do so. First, verify your identity. Then, follow these steps:

  • Tap the three horizontal lines in the top-left corner of the app
  • Select “Manage Balance”
  • Choose “Transfer to Bank”
  • Select the amount you wish to transfer
  • Choose the bank account to transfer to
  • Tap “Instant” or “1-3 Biz Days” based on your preference
  • Confirm the transfer. It’s that simple! 
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What if I Don’t Have Access to Venmo Balance?

If you don’t see a “Venmo Balance” option at the top of the “Payment Methods” screen under “Settings” in the “Me” tab, it means you haven’t activated the feature for your account.

In this case, you need to complete identity verification to access the “Venmo Balance” feature. This can only be done via the Venmo app, not the Venmo website.

Here’s how:

  • Launch the Venmo app on your smartphone.
  • Tap your picture or initials to access the “Me” tab.
  • In the top right corner, tap the “Settings” gear.
  • Select “Identity Verification.”
  • Tap “Next” and provide the required information, such as your full name, address, date of birth, and the last four digits of your Social Security number.
  • Follow the on-screen prompts and tap “Next” to finish the process.

How Long Does Identity Verification Take?

Fortunately, identity verification usually takes only a few minutes. So, if the information you provide is accurate, you won’t have to wait long before you can start using your Venmo balance.

However, if some of your information is missing or if you’ve changed your name or address, the process will take longer (typically a few days) because you’ll need to submit additional documentation in the Venmo app to further verify your identity.

Another event that may cause a delay in completing the identity verification process is if you made a mistake when entering information or provided incorrect documentation.

In this case, you’ll need to wait and watch for a follow-up from the Venmo team requesting the correct details via the app if necessary.

Also, if you don’t have the latest version of the Venmo app, you won’t be able to complete your identity verification. So, make sure your app is up to date.

How Does Venmo Balance Work?

Venmo Balance is a feature available on the Venmo app and website that allows you to use the money in your Venmo account to make transactions.

This feature is available just by signing up for a Venmo account. You need to verify your identity via the Venmo app to use your balance because Venmo transactions are regulated by the United States Treasury Department.

You can check whether you have access to Venmo Balance as follows:

  • On your smart device, open the Venmo app.
  • Tap your picture or initials to access the “Me” tab.
  • In the top right corner, tap the “Settings” gear.
  • Select “Payment Methods.”
  • If there’s a “Venmo Balance” option at the top of the screen, you can use the feature right away.

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1. Why can’t I pay with my Venmo balance?

If you are unable to pay with your Venmo balance, it may be because your balance is insufficient to cover the entire amount of the transaction. Make sure you have enough funds in your Venmo balance to cover the total cost. Additionally, the recipient may have settings that do not allow payments from Venmo balances.

2. How to get access to Venmo balance?

To access your Venmo balance, you need to log into your Venmo account. Your balance will be displayed on the homepage or the top of the screen.

3. How to add money to Venmo balance?

To add money to your Venmo balance, you will need to link a bank account or debit card to your Venmo account. Go to ‘Settings,’ then ‘Payment Methods,’ and then ‘Add bank or card.’ Follow the prompts to add your bank account or card. Once linked, you can transfer money from your bank account to your Venmo balance.

4. How to use Venmo to receive money?

To receive money on Venmo, share your Venmo username or QR code with the person sending you money. They can then use the Venmo app to send the funds to your account. You will receive a notification when the money has been sent to you.

5. How do I use Venmo for the first time?

To use Venmo for the first time, you will need to create an account by downloading the Venmo app from the App Store or Google Play Store. Once installed, open the app and follow the prompts to create an account. You will need to provide your email, phone number, and link a bank account or debit card.

6. How to pay with Venmo online?

To pay with Venmo online, select Venmo as your payment method during the checkout process. If the retailer accepts Venmo, you will be redirected to the Venmo app to complete the payment. If you are shopping on a mobile device, you can also pay with Venmo by scanning the retailer’s QR code.

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Sara Sharma
Sara Sharma
Born and raised an Indian girl who is passionate about writing. When I am not writing you will find me voraciously reading classic or contemporary literature or a fashion and lifestyle magazine

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