Take your balance shopping with Venmo card
· by Shelby King, Senior Product Manager
Today, we’re giving you more ways than ever to use Venmo. You’ve used Venmo to pay back friends, and perhaps to make a purchase in one of your favorite apps or online stores. You’ve transferred funds from your Venmo balance to your bank account within minutes. But what if you could spend your Venmo balance at the new coffee shop down the street? Or at the boutique with those shoes you’ve been eyeing?
Now, you can. Introducing Venmo card, a debit card for the real world.
With the Venmo card, you can use your Venmo balance in more places. In fact, you can now use it in most places you already shop, even in-store: Venmo card can be used everywhere Mastercard® is accepted in the U.S. Low Venmo balance? We’ll use your linked funding source to reload your Venmo balance so you can make that card purchase. Plus, Venmo card is ATM*-friendly in the U.S. for when you have to try that cash-only ramen spot.
We also made tracking Venmo card activity simple. Card purchases show up in your Venmo transaction history, so you can split with Venmo friends or share what you bought on the feed. For those with Venmo notifications enabled, you’ll be notified on your phone with each swipe. And, we aim to alleviate the panic that comes with losing a card: just a few taps in the app, and boom—your card is disabled.
Thanks to the feedback from our awesome beta card users (you know who you are 😊), we're launching with a fresh new card design in six colors and a slew of new in-app features. We're so excited for you to give it a try. The card is now in limited release. Reserve your spot today.
*ATMs must display the Mastercard®, Cirrus®, PULSE®, or MoneyPass® acceptance marks. Up to $400 USD daily withdrawal limits apply. Transactions at non-MoneyPass ATMs have a $2.50 ATM Domestic Withdrawal Fee. No fee for MoneyPass ATM Withdrawals in the U.S. ATM operator fees may also apply. See Cardholder Agreement for details.
The Venmo Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted in the U.S. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.