When using Venmo, a popular mobile payment service, understanding the daily sending limit is crucial. This limit determines how much money you can send within a 24-hour period, ensuring secure and regulated transactions. In this article, we delve into the details of Venmo's daily sending limits and provide comprehensive steps on how to increase your Venmo limit for a more seamless transaction experience.

What Are Venmo's Sending Limits?

Venmo imposes certain limits on the amount of money users can send, receive, or transfer to safeguard against fraud and misuse. The Venmo sending limits vary based on the verification status of your account.

Unverified Accounts: For unverified accounts, the weekly sending limit is relatively low. Typically, users can send up to $299.99 per week. This limit is imposed to encourage users to verify their accounts for increased security and higher limits.

Verified Accounts: Once you verify your Venmo account, the weekly sending limit increases significantly. Verified users can send up to $6,999.99 per week. Verification involves confirming your identity by providing personal information and, in some cases, linking your bank account or debit card.

Daily Limits: Venmo does not specify a strict daily sending limit; instead, it operates on a rolling weekly basis. This means your available Venmo sending limit replenishes as the oldest transaction falls out of the 7-day window.

How to Increase Your Venmo Limit

Increasing your Venmo limit is essential for users who frequently send money or handle larger transactions. Here are the steps to enhance your Venmo limits:

Step 1: Verify Your Identity

Verifying your identity is the most straightforward way to increase your Venmo limits. Follow these steps:

Open the Venmo App: Launch the Venmo app on your smartphone.

Go to Settings: Tap the three horizontal lines (menu) on the top-left corner and select "Settings."

Tap 'Identity Verification': Navigate to the "Identity Verification" section.

Provide Required Information: Enter your legal name, date of birth, and the last four digits of your Social Security Number (SSN).

Complete Additional Steps: Depending on your account activity, you might need to provide additional documents, such as a government-issued ID.

Step 2: Link and Verify Your Bank Account

Linking and verifying your bank account not only increases your sending limits but also provides additional benefits such as instant transfers. Here’s how to do it:

Navigate to Payment Methods: In the Venmo app, go to "Settings" and then "Payment Methods."

Add Bank Account: Select "Add Bank or Card" and choose "Bank."

Enter Bank Details: Follow the prompts to enter your bank account information.

Verify Your Bank Account: Venmo will make two small deposits into your bank account. Enter the exact amounts in the Venmo app to verify.

Step 3: Use the Venmo Debit Card

Applying for and using the Venmo Debit Card can also help in increasing your Venmo transaction limits. The card allows you to spend directly from your Venmo balance and may contribute to a higher trust score on your account.

Step 4: Maintain a Positive Transaction History

Regular and consistent use of Venmo with a positive transaction history can signal to Venmo that you are a trustworthy user. Ensure that your transactions are legitimate, and avoid any activities that could be flagged as suspicious.

Common Issues and Solutions

Sometimes, users may encounter difficulties even after following the above steps. Here are common issues and their solutions:

Issue: Verification Not Accepted

Solution: Double-check that all information provided matches your official documents. Minor discrepancies can cause verification failures. If issues persist, contact Venmo support for assistance.

Issue: Bank Account Verification Delays

Solution: Ensure that you enter the correct amounts of the micro-deposits made by Venmo. If there are delays, it might be due to bank processing times. Contact your bank or Venmo support if the issue continues.

Issue: Low Limits despite Verification

Solution: If your limits are still low after verification, consider additional actions such as applying for the Venmo Debit Card or ensuring that all linked accounts are verified and active.

Conclusion

Venmo's standard bank transfers are free and usually take 1-3 days. However, in some cases, users may need money right away. Venmo instant transfer feature allows you to send money to your bank within minutes. This service is not free. Venmo charges instant transfers of 1.75%, with a fee as low as $0.25 up to a maximum of $25.

Venmo, for example, will deduct $1.75 from your transfer of $100. This results in $98.25 deposited to your bank account. The instant transfer fee allows you to access your money instantly, usually within minutes. This contrasts with a standard bank transfer, which takes up to 1-3 days. So, let’s begin and learn more about it.

How Much Does Venmo Charge for Instant Transfer?

Venmo charges a fee equal to 1.75% for instant transfers. The fee is $0.25 minimum and $25 maximum. This Venmo fee is deducted before the amount reaches your account. For example, Venmo will deduct $1.75 from a $100 instant transfer, which will then transfer $98.25 to your account.

This fee structure is important to know, especially if you frequently need to send money immediately. The fee can quickly add up for larger amounts. Consider whether the convenience of an immediate transfer is worth it or if you could wait until the standard transfer time and avoid the fee.

How Much Money Can You Send on Venmo?

So how much money can you send on Venmo depends on whether your account is verified or not. Venmo asks you for certain information to verify your account. This includes your legal name, address, date of birth, and Social Security number. Verification increases the security of your Venmo account and allows you to send more money.

Unverified accounts: If you are not able to verify your identity, the maximum amount that can be sent each week is $299.

Verified accounts: If you have verified your identity, your weekly limit for sending money to others increases to $4.999.99.

How to Send Money on Venmo?

Venmo makes it easy to send money. Here is how to send cash via Venmo:

Open the Venmo app on your phone.

The "Pay or Request Button" is usually located at the bottom right corner of the screen.

You can enter the recipient's information by entering their username, email address, or phone number.

Enter the amount that you wish to send.

You can optionally add a note explaining the payment.

Select your preferred payment method. You can choose from your Venmo account balance, your linked bank account, or your debit/credit cards.

Review all the details, and then tap "Pay" to finish the transaction.

How to Get Cash Out of Venmo?

Venmo allows you to withdraw money from your bank account by transferring your Venmo balance. Follow the steps mentioned below to cash out on Venmo:

Log into your account to open the Venmo app.

Tap on the menu icon at the top-left corner.

Select "Transfer to Bank" to initiate the transfer.

Specify how much you wish to transfer.

You can choose between the standard transfer (free for 1-3 days) and instant transfer (with a fee).

Review all the details and confirm the transfer.

How to Transfer Money from Venmo

You need to take steps mentioned to transfer money from Venmo into your bank account:

Open the Venmo app

To access the menu, tap on the " icon at the top-left corner.

Choose "Transfer to bank"

Enter the Transfer Amount

You can choose between standard or instant transfers.

Review all the details and confirm the transfer.

FAQ

What is the maximum amount of money you can send using Venmo?

The max Venmo transfer limit per week for unverified accounts is $299. Verified accounts are limited to $4,999.99 per week.

What is the Max Transfer on Venmo?

The maximum amount Venmo per week for verified accounts is $4.999.99

What is the Maximum Amount Venmo Allows?

Venmo's maximum weekly limit for verified accounts is $4.999.99, while unverified accounts are limited to $299.99 per week.

How to Transfer Money from Venmo to Bank?

Use the "Transfer to Bank' feature to transfer money to your bank. Enter the amount, choose the transfer speed and confirm the transfer.

How Much Does Venmo Charge for Instant Transfers?

Venmo, a widely-used digital payment platform, has revolutionized the way people transfer money. Launched in 2009, it allows users to send and receive payments quickly and conveniently using their smartphones. Whether you're splitting a dinner bill with friends or paying your share of the rent, Venmo simplifies financial transactions by eliminating the need for cash or checks.

Importance of Understanding Sending Limits on Venmo

Understanding the daily sending limits on Venmo is crucial for users to manage their transactions efficiently. These limits ensure that users can make payments smoothly without unexpected interruptions. Knowing the limits helps avoid transaction declines and ensures that larger payments are planned in advance.

Venmo's Role in the Digital Payment Landscape

Venmo plays a significant role in the digital payment landscape, particularly among younger generations. Its social aspect, where users can share payment activities with friends, adds a unique twist to the traditional payment process. Venmo's user-friendly interface and seamless integration with bank accounts and credit cards make it a preferred choice for many.

Types and Categories of Venmo Limits

Daily Sending Limits on Venmo

Standard User Limits

Standard users, or those who haven't completed the verification process, have certain restrictions on their daily sending limits. This is to ensure the security of transactions and prevent potential fraud.

Verified User Limits

Verified users enjoy higher daily sending limits, allowing them to transfer larger amounts of money. Verification typically involves confirming identity through personal information and linking a verified bank account.

Weekly Sending Limits

Venmo also imposes weekly sending limits on Venmo, which are calculated based on the user's verification status and transaction history. Understanding these limits helps in planning larger transactions over a longer period.

Transaction Limits

Person-to-Person Payments on Venmo

Venmo Person-to-person payments are a core feature of Venmo. There are specific limits on how much money can be sent or received in a single transaction and within a 24-hour period.

Merchant Payments

When using Venmo to pay merchants, different limits apply. These are typically higher than person-to-person limits, especially for verified users.

Receiving Limits on Venmo

Venmo also has receiving limits, which dictate how much money a user can receive within a certain timeframe. These limits are in place to protect both the sender and the recipient from fraudulent activities.

Understanding Daily Sending Limits

Definition of Daily Sending Limits

Daily sending limits refer to the maximum amount of money a user can send within a 24-hour period. These limits are set by Venmo to enhance security and prevent misuse of the platform.

Importance of Daily Sending Limits

Daily sending limits are important because they protect users from potential fraud and financial loss. They also help Venmo monitor and control the flow of money, ensuring compliance with financial regulations.

How Daily Sending Limits Impact Users

Daily sending limits impact users by restricting the amount of money they can transfer each day. This requires users to be mindful of their spending and plan accordingly for larger transactions.

Standard User Limits

Explanation of Limits for Unverified Users

Unverified users are subject to stricter daily sending limits. This means they can only send a certain amount of money each day until they complete the verification process.

Examples of How Limits Apply in Everyday Use

For example, an unverified user might find that they can only send up to $299.99 per day. This could be a limitation if they need to make a larger payment, such as splitting a vacation rental with friends.

Tips for Managing Limits

Plan Ahead: If you anticipate needing to send a large amount, plan your transactions over several days.

Complete Verification: Increase your limits by verifying your account.

Monitor Your Activity: Keep track of your transactions to avoid reaching your limit unexpectedly.

Verified User Limits

Explanation of Limits for Verified Users

Verified users enjoy higher daily sending limits, often up to $6,999.99 per week for person-to-person payments. This is beneficial for users who frequently need to transfer larger sums of money.

Steps to Become a Verified User

Provide Personal Information: Enter your full name, date of birth, and the last four digits of your Social Security number.

Link a Bank Account: Ensure your bank account is verified by Venmo.

Confirm Your Identity: Follow any additional steps required by Venmo to confirm your identity.

Advantages of Being a Verified User

Higher Sending Limits: Transfer larger amounts without hassle.

Enhanced Security: Verified accounts are more secure.

Access to Additional Features: Enjoy other features that might be restricted to verified users.

Factors Affecting Daily Sending Limits

User Verification Status

Verification status significantly impacts daily sending limits. Verified users have higher limits compared to unverified users.

Transaction History and Patterns

Venmo may adjust limits based on a user's transaction history and patterns. Consistent, trustworthy activity can lead to higher limits.

Account Activity and Usage

Frequent use of Venmo and maintaining a good transaction record can positively influence your sending limits.

Increasing Your Daily Sending Limits

Steps to Increase Sending Limits

Complete Account Verification: Ensure your account is fully verified.

Link and Verify Bank Accounts: Add and verify additional bank accounts.

Maintain Positive Activity: Regularly use Venmo for transactions and avoid disputes.

Verification Process

The verification process involves providing personal information and linking a verified bank account. Venmo may request additional documentation to confirm your identity.

Additional Tips for Higher Limits

Regularly Update Information: Keep your personal and bank information up-to-date.

Contact Support: If needed, contact Venmo support to request higher limits.

Venmo’s Security Measures

Importance of Security in Payment Apps

Security is paramount in payment apps to protect users from fraud and unauthorized transactions. Venmo implements various security measures to ensure user safety.

Security Protocols in Place at Venmo

Encryption: Venmo uses encryption to protect user data.

Two-Factor Authentication: Adds an extra layer of security.

Monitoring for Fraudulent Activity: Continuous monitoring helps detect and prevent fraud.

How Limits Contribute to Security

Daily sending limits help control the amount of money that can be transferred in a short period, reducing the risk of significant financial loss due to fraud.

Common Issues with Daily Sending Limits

Troubleshooting Limit-Related Problems

If you encounter issues with daily sending limits, check your transaction history and ensure you haven’t exceeded your limits. Review Venmo’s policies and update your account information if necessary.

Contacting Venmo Support

For persistent issues, contact Venmo support. Provide detailed information about your problem to receive timely assistance.

Resolving Transaction Holds

If a transaction is on hold due to limits, you may need to verify additional information or wait for the limit reset period. Follow Venmo’s instructions to resolve holds quickly.

Conclusion

Summary of Key Points

Venmo, a popular digital wallet, has become a household name for seamless transactions and social interactions combined with financial exchanges. Understanding the maximum daily transfer limit on Venmo and knowing how to increase this limit can greatly enhance your experience with the app, especially if you frequently engage in higher volume transactions.

Understanding Venmo's Default Transfer Limits

Venmo's default limits are designed to protect users and manage risk. For new users, the Venmo person-to-person sending limit is typically $299.99 per week. However, once you complete Venmo's identity verification process, this limit increases significantly.

For verified users, Venmo maximum daily transfer limit is $4,999.99 across all transactions, which includes person-to-person payments, payments to authorized merchants, and Venmo Mastercard debit card transactions. The total weekly spending limit is $6,999.99, which encompasses all the activities mentioned.

Daily Transfer Limits Breakdown:

Person-to-Person Payments: $4,999.99

Payments to Authorized Merchants: $6,999.99

Venmo Mastercard Debit Card Transactions: $6,999.99

How to Verify Your Identity on Venmo

Verifying your identity not only increases your Venmo sending limits but also enhances the security of your account. The process involves providing Venmo with certain personal information:

Your full name

Date of birth

Social Security Number (SSN) or Tax Identification Number (TIN)

This verification helps Venmo ensure that the platform is used responsibly and remains secure against fraudulent activities.

Steps to Increase Your Venmo Transfer Limits

Complete Identity Verification: Access the "Settings" menu in your Venmo app, navigate to the "Identity Verification" section, and provide the required details. Verification typically takes between one to three business days.

Stay Active: Regular use of Venmo for various transactions may positively influence potential discretionary limit increases, as it demonstrates consistent and trustworthy usage.

Link Additional Bank Accounts or Cards: Adding more financial instruments to your Venmo account can provide additional security and backup options, which might help in increasing your Venmo transaction limit.

Contact Venmo Support: If your transaction needs exceed the current limits, reaching out to Venmo's customer support can sometimes result in adjustments based on your account activity and needs.

Utilizing Venmo's Higher Limits Responsibly

With great power comes great responsibility. Higher limits mean you can move more money, but it also means you need to be vigilant about security. Always ensure you're sending money to trusted recipients and be wary of potential scams.

Conclusion

In today's digital age, Venmo has become a popular choice for people to send and receive money conveniently. However, there are limits in place to ensure security and compliance. In this comprehensive article, we will explore the various aspects of Venmo limits, including how to increase Venmo limit, daily and weekly limits, fees associated with exceeding these limits, and whether there are any limits on receiving money.

Can I increase my Venmo limits?

One of the most common questions users have is whether they can increase their Venmo limits. The short answer is yes, you can. Venmo provides an option to request a limit increase, but it's essential to understand the process involved.

To increase your Venmo limits, follow these steps:

Open the Venmo app on your mobile device.

Tap on the three horizontal lines in the top left corner to access the menu.

Select "Settings" and then tap on "Privacy & Security."

Under the "Privacy" section, you'll find the option to increase limits.

Follow the prompts and provide the necessary information.

Increasing your Venmo limits may require you to verify your identity and link a bank account. Once approved, you'll enjoy higher transaction limits, making it easier to send and receive money.

Venmo limit per day or weekly limit

Venmo places specific limits on the amount of money you can send and receive within a given time frame. These limits are designed to protect users and the platform from potential misuse.

As of the latest update, Venmo's limits are as follows:

Weekly Rolling Limit: $4,999.99

Daily Rolling Limit: $2,999.99

These limits apply to both sending and receiving money. It's important to note that Venmo reviews and adjusts these limits regularly, so it's advisable to check the app or website for the most up-to-date information.

Are there fees associated with exceeding Venmo limits?

Exceeding your Venmo limits may incur fees, so it's crucial to stay within the established boundaries. Venmo aims to keep its services user-friendly and cost-effective, but there are penalties for going over your limits.

If you surpass your Venmo limits, you may face the following consequences:

Fees: Venmo may charge you a fee for exceeding your limits.

Transaction Delays: Your transactions could be delayed or flagged for review.

Account Review: Venmo might conduct a review of your account, which could lead to temporary or permanent restrictions.

To avoid these issues, always monitor your Venmo activity and ensure you stay within the specified limits.

Are there any limits on receiving money?

While there are limits on sending and receiving money on Venmo, there are generally no limits on the total amount of money you can receive in your account. However, keep in mind that Venmo encourages users to verify their identities for security reasons.

To verify your identity on Venmo:

Open the Venmo app.

Access the menu and go to "Settings."

Select "Identity Verification."

Follow the prompts to provide the required information.

By verifying your identity, you can enjoy a more seamless experience when receiving money, as it adds an extra layer of security to your account.

(FAQs)

Can I have more than one Venmo account?

Yes, you can have more than one Venmo account, but each account must have a unique email address and phone number associated with it.

Is there a limit on the number of transactions I can make in a day?

Venmo does not impose a specific limit on the number of transactions you can make in a day. However, you must stay within your daily and weekly monetary limits.

What should I do if my Venmo account gets temporarily restricted?

If your Venmo account is temporarily restricted, contact Venmo's customer support for assistance. They will guide you through the steps to resolve the issue.

Can I use Venmo for business transactions?

Venmo is primarily designed for personal transactions, and using it for business purposes may result in your account being flagged or restricted. It's advisable to use a dedicated business payment platform for such transactions.

Are Venmo transactions secured?

Venmo takes security seriously and employs encryption and other security measures to protect your transactions. However, it's essential to follow best practices, such as using strong passwords and enabling multi-factor authentication, to enhance your account's security.

Can I cancel a Venmo payment?

You can only cancel a Venmo payment if the recipient has not accepted it. Once the recipient accepts the payment, it becomes irreversible. To cancel a payment, go to your Venmo transaction history and locate the payment you wish to cancel.

Conclusion

Venmo, the popular peer-to-peer payment app, has specific limits in place to ensure the safety and security of your financial transactions. These limits are designed to prevent fraud and unauthorized transactions while allowing users to enjoy the convenience of digital payments. Let's dive into the details of Venmo limit: Personal Profile Bank Transfer Limits.

Venmo Daily Transfer Limit

The daily transfer limit on Venmo for personal profiles typically ranges from $299.99 to $4,999.99. This limit encompasses all transactions, including payments to individuals and purchases from businesses. To check your specific daily limit, go to your Venmo settings.

Venmo Weekly Transfer Limit

In addition to the daily limit, Venmo also imposes a weekly transfer limit on personal profiles. This limit varies based on your account verification level and usage history. It can range from $1,999.99 to $6,999.99 per week. To increase your Venmo weekly limit, you may need to verify your identity and transaction history with Venmo.

Venmo Monthly Transfer Limit

For more extensive transactions or regular use, it's essential to be aware of the monthly transfer limit. Personal profiles can transfer up to $19,999.99 per month on Venmo. This cap ensures that your financial activity remains secure and manageable.

Venmo Card Transaction Limit

Venmo offers a physical debit card linked to your account, allowing you to make purchases at businesses that accept Mastercard. The daily spending limit with the Venmo card is $3,000. Keep in mind that this limit is separate from your daily Venmo transfer limit, offering flexibility for different types of transactions.

Venmo Bank Transfer Time

Understanding the timing of bank transfers on Venmo is crucial for planning your financial activities. Generally, Venmo initiates bank transfers within one business day, but it may take 1-3 business days for the funds to appear in your bank account. Factors like your bank's processing times and weekends may affect transfer times.

FAQs (Frequently Asked Questions)

What happens if I reach my daily transfer limit on Venmo?

If you reach your daily transfer limit on Venmo, you won't be able to send more money on that day. You can still receive funds and make payments using your Venmo balance. To increase your limit, consider verifying your identity and transaction history with Venmo.

Is there a way to increase my Venmo weekly transfer limit?

Yes, you can increase your Venmo weekly transfer limit by verifying your identity and transaction history. Visit your Venmo settings to initiate the verification process. Keep in mind that the limit increase is subject to Venmo's review.

Can I transfer money from Venmo to my bank account instantly?

Venmo offers instant bank transfers for a fee. If you need to move money from Venmo to your bank account immediately, this option allows for near-instantaneous transactions. Be aware of the associated fee when choosing this option.

Are there any restrictions on using the Venmo card?

While the Venmo card offers flexibility, it's essential to be aware of your Venmo daily spending limit, which is $3,000. Ensure that your purchases do not exceed this limit when using your Venmo card for payments.

What should I do if my bank transfer on Venmo takes longer than expected?

If your bank transfer on Venmo takes longer than expected, first check your bank account for any pending transactions. If the issue persists, reach out to Venmo's customer support for assistance in resolving the delay.

How can I ensure the security of my Venmo transactions?

To ensure the security of your Venmo transactions, regularly monitor your account for any suspicious activity. Enable two-factor authentication, use strong passwords, and avoid sharing sensitive information. In case of any unauthorized transactions, report them to Venmo immediately.

Conclusion

In the ever-evolving world of digital finance, Venmo has emerged as a trailblazer, making peer-to-peer transactions simpler and more convenient than ever before. It's no surprise that individuals are flocking to this platform to send and receive money. However, with this surge in popularity, it's essential to understand the limitations and boundaries that Venmo imposes to ensure a seamless financial experience. In this comprehensive guide, we will delve into the intricacies of Venmo Person To Person Limit (Venmo transaction limits), covering daily, weekly, and monthly restrictions, and help you navigate the world of digital payments with confidence.

Daily Transaction Limit

Venmo, like any responsible financial service, sets a daily transaction limit to safeguard its users from potential fraud or misuse. As of the latest update, Venmo's daily transaction limit for person-to-person payments stands at $6,999.99. This means that within 24 hours, you can send or receive up to this amount. It's important to note that this limit applies to both sending and receiving funds combined. Exceeding this daily limit will result in your transactions being declined until the limit resets.

Weekly Transaction Limit

Moving beyond the daily cap, Venmo also imposes a weekly transaction limit. This limit is designed to ensure the security of your financial activities and protect your account from unauthorized access. Currently, the weekly transaction limit on Venmo for person-to-person payments is $19,999.99. This cap extends from Monday at 12:00 AM to the following Sunday at 11:59 PM, local time. It's crucial to keep track of your transactions throughout the week to avoid any disruptions in your payment activities.

Monthly Transaction Limit

In addition to the daily and weekly limits, Venmo has a monthly transaction limit in place. This cap is a more substantial boundary, ensuring that your financial activities remain secure throughout the month. As of the latest information available, the monthly transaction limit for person-to-person payments on Venmo is Up to $60,000 if You complete Venmo Identity Verification, The maximum amount per transfer is $5,000. This limit encompasses the entire calendar month and resets on the first day of each month. Be mindful of your transaction volume, as exceeding this monthly limit can result in temporary restrictions on your Venmo account.

How To Increase Venmo Limit?

To increase your Venmo limit, you'll need to verify your identity and provide additional information to the platform. Venmo, like many other financial services, imposes limits on account activity to comply with regulations and ensure security. Here's how you can increase your Venmo limit:

Complete Your Profile: Make sure your Venmo profile is complete with accurate information, including your legal name, date of birth, and phone number.

Verify Your Phone Number: Ensure that your phone number is verified in the Venmo app. You should have access to the phone number you're using, as Venmo may send you verification codes via SMS.

Link Your Bank Account: Linking your bank account to Venmo is essential. This helps Venmo verify your identity and allows you to transfer money to and from your bank account. To do this:a. Open the Venmo app. b. Tap on the "☰" icon in the upper left corner. c. Tap on "Settings." d. Select "Payment Methods." e. Tap on "Add Bank or Card" and follow the prompts to link your bank account.

Verify Your Identity: Venmo may ask you to verify your identity further by providing additional information, such as your Social Security number or a photo of your government-issued ID. You may be prompted to do this if you reach certain transaction or balance thresholds.

Increase Usage: Gradually increasing your usage on Venmo can also help increase your limits. Regular, responsible activity on your account can demonstrate to Venmo that you are a trustworthy user.

Contact Venmo Support: If you've completed the above steps and still need to increase your limits, you can reach out to Venmo's customer support for further assistance. They can guide you through the process and may request additional documentation to verify your identity.

Keep in mind that Venmo's specific policies and procedures may change over time, so it's a good idea to refer to Venmo's official website or contact their support for the most up-to-date information on increasing your limits. Additionally, be cautious about sharing personal information and only provide it to Venmo through their official channels to protect your security and privacy.

Conclusion