Online Payment Method Information (Venmo/PayPal)

Below is information on Venmo and PayPal. Scroll to learn more about these online payment methods and learn how to sign up!

If you have any further questions or difficulties setting up these online payment platforms, please email


What is Venmo?

Venmo allows you to pay and request money from your friends. At its core, Venmo provides a social way to pay your friends when you owe them money and don’t want to deal with cash. For example:

  • Splitting a lunch bill
  • Paying your friend half of a cab fare
  • Sending your roommate your half of the rent
  • Using Venmo as a payment method in authorized partner apps 

You can find out more information here.

Venmo balance

A more detailed explanation of how to access and use a Venmo balance can be found here.

Funding sources

When setting up your Venmo account, one of the first things you do is decide how you want to pay people, also known as setting your funding source. In Venmo, you can pay people from any of the following:

  1. Your Venmo balance (if you have access to a Venmo balance)
  2. A credit/debit card (imagine being able to pay a friend directly from your credit card)
  3. A U.S. bank account

For more info on how to add funding sources, please see our articles about adding bank accounts and adding cards to your Venmo account. You can read more about fees for using Venmo here.

Bank transfers

You can transfer money to your bank by connecting your bank account to Venmo. Bank transfers that are submitted before 7 PM EST will typically be available in your bank account the next business day, excluding weekends and bank holidays. Transfers are reviewed which may result in delays or funds being frozen or removed from your Venmo account. You can find more information about transfer timelines in our help article.

I am not a Venmo user and I’m seeing an unauthorized charge on my bank or card statement.

If you see Venmo on your bank or card statement, please verify that no one else has authorized access to your credit card or bank account. For example, we often see family members who use their parent or spouse’s card on Venmo.

If you still have questions regarding Venmo transactions appearing on your card or bank statements, or if you wish to dispute such transactions, please contact your bank or card company directly.

How Venmo works:

  • Pay friends and family with a Venmo account using money you have in Venmo, or link your bank account or debit card quickly.
  • Use your Venmo account as a way to pay in mobile apps. To learn more, click here.
  • Move money from Venmo to your bank account and vice-versa.

Requirements for using Venmo:

There are two main requirements for using Venmo:

  1. You must be physically located in the United States
  2. You must have a U.S. cell phone that can send/receive text messages from short codes (please note that this phone number can not be on file with another Venmo account)

If you ever want to transfer money from your Venmo account to your bank account (most users do), you need to add a U.S. bank account or debit card eligible for Instant Transfer. If you don’t have access to a Venmo balance, you’ll need to add a U.S. bank account, credit card, or debit card to make a payment. If you do have access to a Venmo balance, you’ll need to add a U.S. bank account, credit card, or debit card if you want to make payment larger than the amount in your Venmo balance.

You can find more information in our User Agreement.


What is PayPal?

PayPal is a service that enables you to pay, send money, and accept payments. PayPal uses data encryption and anti-fraud technology to help keep your information secure, reducing the risk of online fraud.

Register your credit card or debit card with your PayPal account. You can pay by simply choosing PayPal at checkout, logging into your PayPal account, and confirming your payment. We complete the process for you.

Simply choose PayPal when you select a payment option on this site, and you can quickly open a PayPal account and add your payment method to complete your purchase. You can use your PayPal account to shop with millions of merchants and sellers around the globe wherever you see the PayPal logo.

How PayPal works:

If you don’t have a Paypal, it is easy to sign up! Watch this video for instructions: