Venmo offers its users a debit card. If you recently received your Venmo card and want to activate it, you are at the right place. Here in this blog, we will guide you on how to activate Venmo card. Along with peer-to-peer payment transfer services, you can use your Venmo card only after activating it. So, let's begin and understand this required process.
What is Venmo Card and How Does it Work?
The Venmo card is a debit card linked to your Venmo account. It works like any other debit card, except that it draws from the balance in your Venmo account instead of your bank account. You can use your Venmo card to purchase wherever Mastercard is accepted and withdraw cash from ATMs.
How to Activate Your Venmo Card and Get Started Using It Quickly?
You need to follow the below-mentioned steps to activate Venmo card:
• Open Venmo app on your mobile device
• Tap the three horizontal lines in the top-left corner.
• Tap "Venmo Card" and then "Activate Your Card."
• Follow the prompts to enter your card information and verify your identity.
• Set your PIN.
After activating your Venmo card, you can use it. You can use your Venmo card to purchase at any merchant that accepts Mastercard and withdraw cash from ATMs.
What Fees May Be Associated with a Venmo Card?
There are some fees associated with using a Venmo card. For example, there is a $2.50 fee for ATM withdrawals and a 3% foreign transaction fee if you use your card outside the United States. However, no monthly, annual, or activation fees are associated with the card.
How to Add Money to a Venmo Card and Top Up Your Balance
To add money to your Venmo card, you need to link and transfer money from a bank account. Here is how to do it:
• Open the Venmo app and tap the "☰" icon in the top-left corner.
• Tap "Transfer to Bank" and "Add Bank or Card."
• Follow the prompts to enter your bank information and verify your identity.
• Once your bank account is linked, you can transfer money to Venmo.
Pros & Cons of Using a Venmo Card
Here are some of the pros and cons of Venmo card, which you must know:
Pros:
• A convenient way to access your Venmo balance.
• No monthly or annual fees.
• It can be used to make purchases anywhere Mastercard is accepted.
• No credit check is required.
Cons:
• It can only be used if you have sufficient funds in your Venmo account.
• A foreign transaction fee of 3%.
• An ATM withdrawal fee of $2.50.
Conclusion
If you're a frequent Venmo user, a Venmo card can be a convenient way to access your Venmo balance and make purchases. To get started, follow the steps outlined in this guide to activate your card and add funds to your Venmo account. It is quite simple to activate a Venmo card and use it.