the popular app that lets you

send and receive money digitally.

Venmo is available

for both iOS and Android.

Today, we will be showing Venmo on an Android phone.

Once you download the app

and follow the prompts for creating an account,

you can add a bank account, credit card, or debit card

for handling transactions.

Go to the hamburger menu at the top

and press "Settings,"

then press "Payment Methods."

To add a bank account, credit card, or debit card,

press "Add bank or card."

Sending money from a bank account or debit card

is free on Venmo,

but it will charge a 3% fee

for sending money with a credit card.

If adding a bank account,

you will have two options for verification.

Using instant verification

will have you sign into your bank account

to instantly verify.

You also have the option to do a manual verification,

which involves inputting your bank's

routing and account number.

This option can take a few days.

Once your account is verified,

you are ready to send

or request money from someone.

Press the "Pay or Request" button

if you would like to send money to someone

or if you would like to request money from someone.

Here you will find your list of friends.

If you signed up using your Facebook account

or gave Venmo access to your phone contacts,

you may see friends pulled from these sources.

You can search for someone to pay

or request money from at the top.

Venmo offers several ways to search.

You can search people by their name,

their Venmo username,

their phone number,

or their email address.

Each Venmo account also includes

a unique QR code

that can be scanned to make sure

you are paying the right person.

You can find your username and QR code

by clicking on your profile picture

in the top left on the home screen.

Once you confirm you have the right person,

press on their name.

Here's where you can set your payment

or request for payment.

Put in the amount here.

Underneath, you can add a payment description.

You can also add fun things

like emojis and gifs to your payments.

Press through the different icons at the bottom

to see what is available.

To the right,

you will see your privacy setting.

Pressing that will reveal a menu

that allows you to choose who that payment

or request will be visible to.

You can also change which one of these settings

is your default

by going to the hamburger menu on the homepage

and pressing on "Privacy."

There, you will find your default privacy settings.

OK, back to our payment.

Choose "Pay" if you are sending money to that person

or "Request" if you are requesting money from that person.

For this example,

we're going to choose "Pay."

Here, you can see your Venmo balance,

which will accumulate as people pay you.

Venmo will always use your Venmo balance first

as a payment option.

And if that balance does not cover the transaction,

it will use your bank account

or card that you added.

To send your payment, press "Send."

If you were going to request money,

the process is very similar.

You would just choose "Request" instead of "Pay."

If you'd like to transfer money

from your Venmo account to your bank account,

go to the hamburger menu.

Next to your balance,

you will see "Manage balance."

Press it.

You will see options "Transfer to Bank" and "Add Money."

"Add Money" will allow you to transfer money

into your Venmo account from a bank account,

but we want to move money

from Venmo to our bank account.

So we're going to choose "Transfer to Bank."

Venmo gives two options,

an instant transfer that charges a fee

and a free option,

which can take a few days.

To transfer instantly,

Venmo will charge a 1% fee up to $10.

Choose an amount you would like to transfer

and press the "Transfer" button when you are ready.