Venmo is a peer-to-peer payment app that allows you to easily send, spend, save, and invest your money. Here’s everything you need to know about Venmo.
No, Venmo does not allow you to recall or cancel a payment once it’s been sent. Payments made to an existing Venmo account are immediate and cannot be reversed. If you sent money to the wrong person, you can request that they return it. For further help, contact Venmo support.
No, Venmo does not tax payments between friends if the transactions are personal, like splitting bills or sharing…
The maximum amount you can send through Venmo at once depends on your account verification status:
Unverified Accounts: Up to $299.99 per week.
Verified Accounts: Up to $4,999.99 per week for person-to-person payments. For purchases with authorized merchants, you can spend up to $6,999.99 per week.
To increase your limit, complete Venmo’s identity verification process.
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