Filed Under: Applications

How to Use Venmo Balance to Pay Someone?


Written by Jack Lin

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How to Pay Someone with Venmo Balance

Do you want to know how to pay someone with a Venmo balance? This article explains the practical way of getting it done so you can try it.

Venmo is now the default method of payment for most everyday purchases. Venmo and other apps like it are here to stay, and cash is becoming a thing of the past.

The purpose of Venmo is to make it easy for all customers to complete various payment transactions. Most consumers use Venmo linked to their debit or credit card by default to make payments.

Say you receive money in your account from a friend or family member. And what if you now need that money to pay for goods or services?

Well, the purpose of this article is to explain how to pay someone with a Venmo balance.

Introduction to Venmo


In addition to peer-to-peer payments, small enterprises can use Venmo as a payment option.

You can take Venmo payments for free if your business already accepts PayPal payments. Fast transaction processing with transaction security is just two of the many advantages that Venmo provides to businesses.

For business owners who want to accept Venmo transactions, this post is for you. Using Venmo to divide a check or pay back your roommate’s half of the rent is simple.

The B2C aspect of the Venmo app is just as important as its peer-to-peer aspect. That’s because Venmo is owned and operated by PayPal Holdings Inc.

Moreover, it is now accepted on practically every mobile website where PayPal is allowed. If you’re looking for alternatives to PayPal for a small business, Venmo may be worth a closer look. 

Besides, if you wonder how to avoid chargebacks on Paypal that might be affecting your business financially, here are ten ways to avoid the same.

What Are the Payment Methods Available on Venmo App?

Every user is free to select the kind of payment that satisfies their requirements the best.

Using the Venmo app on your smartphone, you can receive payments, manage funds and even transfer money. It is an all-in-one place for your online transactions. 

Venmo is designed to be as user-friendly as possible. However, most individuals send money through a linked debit or credit card.

Therefore, they are unaware that transferring and withdrawing cash using the available balance is possible. The best thing is that it operates in a manner quite comparable to that of PayPal.

Of course, both of these applications are quite well-known and may be used by you. You can use that amount for many activities when money is transferred into your account.

Also, if you wonder, “can you get cash back with Apple Pay,” this guide will show you everything about Apple Pay and the steps to get it back with it.

How to Pay Someone with a Venmo Balance using a Linked Card or Bank Account?

Below is how to pay someone with a Venmo balance using a linked card or a bank account. Paying using an external payment method can be the most popular option.

Assume that you’ve established a connection between your Venmo account and a bank account. Then, you’ll be able to send money to friends in a few minutes. The Venmo service is compatible with cards issued by virtually all banks and credit unions.

In that case, integrating a bank account and using Venmo should not be difficult for you. In addition, assume that money is sent to your Venmo account. In that case, you will always have the option to quickly and easily withdraw the amounts.

Note that a regular transfer can take up to five business days. On the other hand, a quick transfer can be completed immediately.

But please note that a fee is associated with the option “quick transfer.” And that’s how to pay someone with a Venmo balance. Isn’t it easy?

Use Venmo Debit Card

Utilizing your Venmo bank card is yet another choice that is available to you. Your account balance and the bank account can be accessed using this card if you prefer.

You can use it to pay for regular purchases at any store that takes Venmo or Mastercard. This is true if the business accepts either of those payment methods.

You can load money onto this card, and you can also withdraw money using it. However, what if you use an ATM that isn’t part of this specific card’s network to make a withdrawal? In that case, you will be subject to additional costs.

In addition, some users have found that their account was frozen for security reasons. This article will tell you how to unfreeze your Venmo account.

Use the Venmo Balance

When you’re paid with Venmo, the money stays in your account till you transfer it. Venmo lets you pay people or merchants with that balance.

Follow the instructions below to add a source (external) to your Venmo account.

  • Open Venmo and log into your account.
  • Tap on its hamburger icon.
  • Go to “Settings.”
  • Select the option “Payment Method,” which can be found under “Preferences” of your app.
  • Now, you can select the “Add bank or card” option.
Add bank or card on Venmo
  • Then, you should select a card or a bank under that option.
  • You can then follow the instructions as you would like. Choose a verification as well (Manual or Instant).
Add Card on Venmo Balance

So, that’s how to add an external source. From now on, you can transfer your Venmo balance to that source without any issues.

By the way, if you wonder how to add PayPal to Apple Pay, here is the completed process to add PayPal to the Apple Wallet ID payment option you can follow up on.

Paying Someone Using Venmo Balance

Here’s what you should know if you wonder how to pay someone with a Venmo balance. Imagine one of your friends used Venmo to send you some money.

You now wish to use this sum to purchase something, such as a gift card. Is it possible to do it? The correct response is “yes.”

In this case, you don’t need to use your bank account or credit card information to complete a transaction.

This is true if you use one of the other payment methods the Venmo app offers. Anyway, you’re at liberty to send money through the Venmo app utilizing whichever way of payment appeals to you.

Steps to Follow if You Want to Pay Using Venmo Balance

Below are the steps you should follow if you intend to pay with your Venmo balance.

First of all, you are supposed to have the Venmo app installed on your phone. Then, you can follow the steps mentioned below.  

Step 01: Open Venmo and Log In

To begin, launch Venmo and ensure that you are signed in to your profile. You should currently have it installed on the device.

If that’s the case, this phase should only take a few seconds of your time. After logging in, proceed to the app’s main screen to complete the next step.

Step 02: Complete the Manual Verification Process

The app won’t let you link a bank account or cards if you haven’t verified your account. Moreover, you won’t be able to utilize your balance. You may access all of the functions included in the app by scrolling down to the base.

However, when you try to utilize any of those features, another screen will appear requesting you to verify your identity.

Therefore, to proceed, you must finish the KYC Verification System that Venmo requires.

Connecting your bank account would be a fundamental requirement to make any app payment. This is true even if you only intend to use the funds from your account.

Step 03: Initiate the Transaction

Instead, let’s imagine you need to transfer cash to a friend or family member. After tapping the “Pay or Request” option, a virtual keyboard should appear on the screen.

You’ll need to enter the Venmo login associated with the recipient’s account at that location. It doesn’t matter if you’re buying or paying for something; the process is the same.

Pay or Request

Step 04: Switch to “Venmo Balance” as the Mode of Payment

The next step for those who wonder how to use Venmo balance to pay is changing the payment mode.

You’ll see a list of the many available payment options at the base of your screen. This might include bank, card, and Venmo balances.

Afterward, select Venmo balance, and everything will be in order from there on out.

Step 05: Complete the Transaction on Venmo

Now we are at the final step on how to pay someone with a Venmo balance. Now, what’s left is to hit the ” Confirm ” button to complete your transaction. You can find this button at the base of the page.

Please note that this app will not deduct money available on your card or the account. Instead, it will use the balance available in your Venmo account.

Tips for Using Venmo Balance Effectively

To make the most of your Venmo Balance, consider the following tips:

  • Keep a sufficient balance for your regular expenses to avoid constant transfers.
  • Link a bank account for easy transfers between Venmo Balance and your bank.
  • Use Venmo Balance for splitting payments or settling shared expenses.
  • Take advantage of merchant offers or cashback rewards when using Venmo Balance for purchases.


  1. Can I use Venmo Balance for online purchases?
    • Yes, you can use Venmo Balance to make online purchases from merchants that accept Venmo.
  2. Is Venmo Balance linked to a bank account?
    • Venmo Balance is separate from your bank account, but you can link your bank account to transfer funds.
  3. Can I transfer Venmo Balance to another Venmo user?
    • Venmo Balance can only be used for your own transactions within the Venmo app.
  4. What happens if my Venmo account is compromised?
    • If you suspect unauthorized activity, immediately contact Venmo support and change your account credentials.
  5. Are there any fees associated with using Venmo Balance?
    • Venmo does not charge any fees for using Venmo Balance, except for certain optional services like instant transfers.


So, that’s basically how to pay someone with a Venmo balance. As you can realize, it is a very simple process.

Even if you are a novice, you can follow the instructions and complete the transaction effortlessly. If you need more information about this, don’t hesitate to contact us.


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