Using Venmo to Collect Money

Written under Venmo on October 21st, 2009 by harish

You know that one friend who never seems to have cash on him? The one who says he’ll “pay you back” every time you go out for dinner or drinks, but never actually follows through? With Venmo, he now has no excuse not to (unless he loses his phone, that is).

Collecting money from someone using Venmo is easy! If your friend already has a Venmo account, send a text message to Venmo at (646) 863-9557 with the message “$5 from johnsmith” (for example, if user johnsmith owes you $5). Your friend gets a text message asking him to confirm the payment with a code, and you instantly get your money!

If your friend isn’t already on Venmo, collecting money is just as simple. Just send Venmo a text message with the from command and your friend’s cell phone number, for example “$5 from 2158098099″. Your friend will receive a text message notification of the payment request, and will then get a phone call from Venmo where he can securely enter his credit card information to process the payment.

So next time you’re out with a friend and he says he’ll pay you back “when I go to the ATM”, just collect money from him easily and quickly using Venmo!

Venmo: solving national debt problems since 2009.