cell phone that can send and receive text messages using short codes in the U.S., short codes are five- or six-digit numbers for texting Venmo has three main requirements for using the app. Venmo’s app works on iOS and Android devices. Receive price alerts about four types of cryptocurrency (Bitcoin, Ethereum, Litecoin and Bitcoin Cash) that you can buy, sell or hold through Venmo.Sign up for direct deposit for your paycheck to go straight to your Venmo account, up to two days earlier than your usual payday.Cash certain checks after you’ve verified your identity by applying for a Venmo debit card or setting up direct deposit.Use an in-store QR code to make a purchase with Venmo.Pay for purchases through apps and mobile websites from authorized Venmo partners.Make purchases with Venmo’s Mastercard debit card anywhere in the U.S.Venmo’s functionality goes beyond that, though. For instance, you can use Venmo to split a dinner tab with a coworker, pay for your portion of a taxi ride you shared with your aunt or send your half of the monthly rent to your roommate.
At its heart, Venmo is a cash-free way of sending and receiving money.
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