Home Kripto Venmo Introduces Scheduled Payments and Requests
Kripto

Venmo Introduces Scheduled Payments and Requests

Venmo Introduces Scheduled Payments and Requests

Venmo has introduced a new feature allowing users to schedule payments and requests, which can be set up as one-time events or recurring transactions. This long-awaited feature lets users automate sending payments or requesting funds at regular intervals, such as monthly, weekly, or bi-weekly.

In addition to the scheduling options, Venmo provides a push notification reminder one day before any scheduled payment is set to go out. This reminder gives users time to ensure their account has sufficient funds. If a Venmo balance is insufficient, the platform will automatically pull the necessary funds from a connected bank account.

These updates aim to simplify peer-to-peer payments, particularly benefiting individuals who handle shared expenses, such as rent or utility bills. Venmo reports that 84 percent of its users rely on peer-to-peer payment services to cover living costs like rent and utilities.

Venmo’s scheduled payment feature is also a helpful tool for those who struggle with managing payments on time, offering a solution to missed bills even when the funds are available.

The scheduled payments and requests feature is part of a broader set of recent updates to Venmo, which also includes the integration of tap-to-pay for Android phones and the ability to send cryptocurrency through the platform.

Related Articles

Ford Halts F-150 Lightning Production as EV Demand Drops
Kripto

Ford Halts F-150 Lightning Production as EV Demand Drops

Ford is halting production of its F-150 Lightning electric pickup truck, responding...

Italian Finance Minister Supports Increased Crypto Capital Gains Tax
Kripto

Italian Finance Minister Supports Increased Crypto Capital Gains Tax

Giancarlo Giorgetti, Italy’s Minister of Economy and Finance, recently addressed the controversy...

Google Says AI Now Writes 25% of Its Code
Kripto

Google Says AI Now Writes 25% of Its Code

Google’s embrace of artificial intelligence isn’t a theoretical experiment; it’s transforming the...

Global Crypto Regulations Seen Positively by Binance Founder CZ
Kripto

Global Crypto Regulations Seen Positively by Binance Founder CZ

Changpeng “CZ” Zhao, co-founder and former CEO of Binance, shared his positive...