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In this article we provide complete insights why “VENMO 855-812-4430 NYUS” is appears on your card statement. Lets first talk about what is Venmo?
Venmo.com is a digital payment service that allows users to send and receive money from their friends and family with ease. The platform was founded in 2009 and has become very popular choice for people who want a hassle-free way to transfer money.
*Note- Venmo is a service of PayPal, All money transmission is provided by PayPal.
Venmo.com allows users to link their bank accounts, credits or debit cards to the platform. When linked, users can easily send and receive money by using a friends username, phone number, or email address. The platform also offers social linking and allow users to like and comment on their friend’s transactions, making it a fun way to keep track of each others spending.
Venmo also offers a feature called Venmo card, which is a debit card that can be used anywhere Mastercard is accepted. The card can be linked to user’s Venmo account, making it easy to keep track of their spending.
Venmo.com also offers a feature called Pay with Venmo, which allows users to make purchases at select retailers using their Venmo account. This feature is currently only in the United States.
Venmo is free to use for sending and receiving money, But there is a 3% fee for using a credit card to fund transactions.
This appears because of you made transaction (Send/Receive money) through Venmo. If you didn’t make this type of payment, then it is possible that you were trapped on fraud. Venmo only charge 3% when you linked you credit card and make transaction.
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