![]() ![]() After you’ve completed the above steps, enter the business information Venmo requests: The business profile signup process is quick and easy. ![]() Complete your business profile application and get verified. Enter the four-digit code you receive from Venmo to verify your phone number, and then tap Submit Code.ģ.Enter your mobile number and tap Send Code.On the next screen, choose Get Started.Download the Venmo app and choose the Business option.If you don’t already have a personal Venmo account, you can create a Venmo account and a Venmo business profile at the same time. Create a Venmo account and business profile at the same time. You should see an option that says Create Business Profile. If you already have a personal Venmo account, open the app, tap your profile icon and tap Settings (gear icon). Add a business profile to an existing Venmo account. If you want your small business to offer Venmo as a payment option and accept Venmo payments from customers, you’ll need to set up a Venmo account, add a business profile and enter your business information. ![]() How to get started with Venmo for Business Since the COVID-19 pandemic started, more and more consumers have opted for contactless payment, making Venmo for Business an ideal payment solution. While teens and millennials sending money to each other make up 82% of Venmo’s user base, the next natural step is for them to use Venmo to pay companies for goods or services.Īfter a pilot program in 2020, Venmo launched Venmo for Business in 2021, letting small businesses create business profiles that allow them to offer and accept Venmo as a payment form. One of Venmo’s unique features is that, in addition to sending money, it makes user payments public via social media-like news feed. There’s no cost for using Venmo as a P2P contactless payment solution however, if you use a credit card to fund the money you’re sending someone, there’s a 3% fee. They could then start sending money to, and receiving money from, other Venmo users. ![]() If someone is just getting started with Venmo, they’d download the iOS or Android Venmo app create a personal profile and link their Venmo account to a bank account, credit card or debit card. In simple terms, a P2P service is a digital wallet someone can use to pay another person using a mobile phone app. Venmo is one of the most popular P2P payment services, with more than 70 million subscribers. It’s important to understand how the core Venmo service works when considering using Venmo for Business. If younger people make up a large part of your customer base, if you have a new business or if you’re seeking additional payment options for your small business, here’s what you need to know about Venmo for Business. The COVID-19 pandemic has vastly increased contactless payment usage, which millennials and Gen Z had already embraced. If you're on an Android phone, it may say PIN code & biometric unlock.The popularity of cashless, peer-to-peer (P2P) payment services like PayPal-owned Venmo is growing, making Venmo’s Venmo for Business something small businesses should consider. The app will prompt you to enter a new passcode, and, if you're on an iPhone, you'll get a pop up notification asking if you'd like to allow Venmo to use Face ID to unlock your account. Tap Settings, and under security, tap Face ID & PIN. To get started, tap the three lines in the upper right corner for the menu. On Venmo, you can set this up so that every time you open the app, you'll need to enter either your Face ID (or fingerprint scan depending on device) or your pin. Set up a pin or turn on Face IDĮnabling Face ID or a pin adds more security to your account when opening the app or making a transaction. The app recommends adding two-factor authentication to your email account associated with the app for better protection. On Cash App, every time you sign into your account on a new device, you'll be sent a one-time login code. If you want to enable two-factor authentication on all devices, you can delete them all from this list. To remove any of the devices, swipe left and tap Delete. When you sign on with any of the devices on your list, you won't need to enter a verification code. You'll see the device you're currently using, and possibly others you've used in the past. Tap Settings, and under security, tap Remembered Devices. To enable two-factor authentication on Venmo, open the app and tap the three lines in the upper right corner for the menu. When you sign in on a new device, Venmo will send a code to the phone number registered with your account, that you'll need to enter correctly to access your account. Two-factor authentication is a solid way to add another layer of security to your account. ![]()
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