Venmo PayPal represents an act of diversification from the world’s best-known eWallet provider. Here, the intention is to explore how it works and what the benefits might be.
Venmo was receiving a gradual roll out in North American during late 2017. For new adopters, there are still key issues such as where is Venmo accepted / who takes it. The focus is very much on mainstream retailers, so don’t except to be gambling with Venmo in the near future – just stick with PayPal casino deposits for now.
In explaining Venmo, it is essentially a new eWallet that can connect with PayPal, debit/credit cards, or bank accounts. Of course, there are other considerations relating to what exactly this is.
Venmo offers the capability for completing person-to-person payments in a more streamlined way than PayPal. Through the Venmo mobile app, users shall be able to complete P2P / peer-to-peer payments. These can be for personal transactions between friends or else to split bills in cafés and restaurants.
Now that the basics have been explained, it is worth seeing how to get started and whether the process differs greatly next to PayPal and other eWallets:
As of late 2017, Venmo can only be used by US residents, who must also have a US cell phone number. In addition, users must also hold a valid US bank account. There is currently no word on whether Venmo shall be opened to UK / international / countries anytime soon, but there is already stiff competition waiting.
The UK does not currently have access to Venmo, but there are already alternatives that Venmo will have to contend with if the eWallet does enter the marketplace:
Venmo highlights how digital payment providers are constantly trying to evolve the process to become more efficient, but there is no telling whether or not this will ever be suitable for online gambling.