Venmo is a popular platform for sending and receiving money. Over 60 million users have used the site for various transactions so far. But do you have to be 18 to use Venmo?

Venmo, like any other digital transaction tool, has several conditions you must meet to open an account. One requirement is that you be at least 18 years of age.

Some parents are concerned that this limit may prevent their little children from learning to perform basic transactions. However, in this post, we’ll look at why there is an age restriction and what you can do about it.

Do You Have To Be 18 To Use Venmo?

Yes, Venmo has established the minimum age to be at least 18 years old. You may, however, utilize the share tool to allow any youngster to access the site and complete their purchases. Venmo, without a doubt is the most popular mobile payment network, at least in the United States. It is what we use to divide restaurant expenses.

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How Does Venmo Work?

Venmo is a versatile payment mechanism. The primary application of Venmo is for friends and relatives to send and request money from one another. You can connect your bank account, debit card, or credit card details for direct transfers. Venmo does not charge you for these private transactions.

You may transfer money from your Venmo balance to any linked financial account. Customers may also request credit and debit cards through Venmo. Customers can also experiment with cryptocurrencies.

Venmo company profiles are available for both small and large shops. Users may now use Venmo to purchase things from retailers, with all of the discounts and appealing coupons.

Overall, it’s challenging to find someone in the United States who doesn’t use cash applications and has Venmo on their phone. Venmo does, however, have certain limitations. One of them is connected to the age requirement for using Venmo.

In simple words, you must beat least 18 to use Venmo. Venmo has a handful of prerequisites for its users. You cannot lawfully establish a Venmo account if you cannot complete the following requirements.

  • To use Venmo, the minimum requirement is 18 years of age. You must be a legal adult in the state where you live. Except for three states, this signifies typically 18 in the United States.
  • It would help if you were 19 in Alabama and Nebraska.
  • You do not have to be a US citizen, but you must be physically present in the nation.
  • Venmo app version you download should be newer than the 7.32.0 release.
  • cell phone needs to have a US short code so that you can send and receive SMS.
  • Your phone number should not be associated with any other account that is registered under Venmo.
  • You should be able to open and validate your Venmo account if you fulfil all of these minor conditions.

What Happens If An Individual Below 18 Years Registers For Venmo?

While the answer to the specific question “Do you have to be 18 to use Venmo?” is unequivocal, yes, it’s not unheard of for a juvenile to seek to create an account. The signup procedure is simple, and no proof of age is required.

You will receive an email notification to recognize and confirm your identity and information within a certain time limit. You must supply digital papers proving your identity.

When Venmo is notified that you are a minor;

  • The minor’s account will be frozen.
  • If the minor has money in their Venmo account, it will permanently disappear.

Venmo’s fundamental criteria are stringent. They do not let a minor or someone who does not live in the United States to get an account.

Why Can’t Minors Use Venmo?

Venmo’s decision not to accept minors on its app may appear to be an unusual one. The lives of high school and recent college students would be much easier if they could conduct cashless purchases. It may appear absurd to you. Let’s look at why Venmo has this policy.

The no under 18 rule protects minors. Scammers frequently take advantage of internet payment networks.

Assume a fraudster gives a youngster a concert ticket at a lesser price than what is displayed on Ticketmaster. A child is likely to fall for this scam and purchase the tickets through Venmo. Only to discover that the tickets belonged to someone else and that the fraudster had stolen the data.

Even though there are a lot of tech-savvy, intelligent teens out there, adults have a far reduced probability of falling for fraud. Therefore that’s what Venmo focuses on.

Minors are not particularly concerned with their purchasing habits. Venmo feels that giving kids a personal account will lead to them buying unneeded items.

As a result, it’s preferable if the answer to the question “Do you have to be 18 to use Venmo?” remains a yes.

Venmo Account For Parent-Child 

Perhaps you assume your kid is more mature than other children. You trust them because you know they are responsible, or you hope they will fulfil your trust if you give them a Venmo account.

They might depart for college and will be 18 in a few weeks. You want them to access money anywhere they want without carrying currency. The response to the question, “Do you have to be 18 to use Venmo?” caught you off guard.

What are your options?

  1. Create a Venmo account. Download the Venmo app from the Google Play or Apple App Store.
  2. Verify your account with your active phone number along with the current email address.
  3. After that, confirm your bank account.
  4. Your child’s debit card can now be linked.
  5. Provide your youngster with the credentials.
  6. They should be able to make purchases with their debit card.

Negotiating the amount they are permitted to spend monthly from the start is preferable. Working under constraints teaches them to take financial responsibility seriously.

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