Being in a sorority at Grove City College, there is always something that I’m paying for. Normally I pay with a check because I don’t always have the cash on me but a newly trending app has taken the place of that. Venmo is a app that links up with your bank account, allowing you to then transfer money directly to other peoples’ accounts.
“Make & share payments: pay friends and family with a Venmo account using money you have in Venmo, or link your bank account or debit card quickly. Connect with people: remember the moments you share with friends. Split dinner, send a birthday gift, or just say hello. Make purchases: use your Venmo account as a way to pay in mobile apps. Quickly transfer money to your bank: move money from Venmo to your bank account in as little as one business day. Ready, set, pay.”
It’s a great idea in that it skips the awkward interaction of “hey can you pay me back” and just sends the person a virtual request for the money. People can furthermore chat and explain why they are requesting or giving money, which makes the interaction even more personal. Venmo ensures security of your personal bank account and let’s you use Venmo with anyone in the United States. The app is free and there are no fees unless using a credit card alone; even then it is only three percent. The app connects with the virtual obsession that our generation has for everything and the ability to do it simply through a mobile device, on the go.