Introduction

Venmo is one of the popular mobile financial applications that makes sending and receiving money from family and friends very easy. 

Venmo is also one of the trademarks of PayPal, one of the biggest payment applications. 

Venmo has recorded over 60 million users with verified accounts that are using Venmo for making transactions every day. 

With your Venmo account, you can easily send money, receive your paycheck, and pay for services and goods both online and offline. 

All transactions carried out on Venmo are safely secured by strong security networks which prevent any form of breach of safety when making transactions with your account. 

You can add money to your Venmo account to make a payment or link your bank card to your Venmo account for making a payment. 

When making a payment or sending money with your Venmo account, you can easily do that directly from your Venmo account or from your bank or card that is linked to your Venmo account. 

In using the Venmo application, you may face some little problems when trying to send money or make payments. 

Why Can’t I Use My Venmo Balance

One of the problems that new users face on Venmo, is that they can’t use their Venmo balance to make transactions. 

This problem is very frustrating especially if the amount in your Venmo account is the only money left on you. 

Not being able to use Venmo balance for making payment  can be caused by the following reasons. 

1. Your Venmo Account Is Not Verified 

If you can’t use your Venmo balance to make a payment, check whether your account is verified. If your account is not verified,  you won’t be able to use your Venmo balance to make transactions. 

Venmo is a money transfer application that according to laws, all the users need to verify their account for safe and secure transactions. 

You can still use other preferred payments but the Venmo balance won’t be available for you if your account is not verified. 

With your unverified Venmo account, you can receive payment to your Venmo balance but can make use of your Venmo balance to make payments until your account is verified. 

How To Verify Your Venmo Account 

If you want to use your Venmo balance for payment you need to verify your Venmo account. 

Aside from payment, verifying your Venmo account helps to increase the limit of the amount you can send to your bank account. 

It also allows you to receive Payment for goods service which is covered by Venmo purchase protection. 

To verify you account ;

  • Login to your Venmo account on the Mobile application. (Note: websites version can’t be used for Verification)
  • Click on the Me tab which carries your picture or your initials. 
  • Tap on the Setting gear ⚙️ on the Top right 
  • Tap on Identity Verification. 

Provide them with all the original information and documents requested by Venmo. 

The identity verification only takes a few minutes and after then, your account will be verified. 

After your account has been verified,  you can use your Venmo balance to make payments and enjoy your account without any limitations. 

2. Insufficient Venmo Balance 

Another reason why you can’t use your Venmo balance is when your Venmo balance is below the amount you want to send. 

For example, if you want to send $100 and your Venmo balance is $80 you still need $20 to complete the transaction. What Venmo does is, they will use other payment methods, that is your card or bank account if there is enough money in your card or account to make the complete $100 without touching the $80 in your Venmo balance because Venmo does not process spilled transactions. 

So, if you notice that your transaction was not charged from your Venmo balance despite your account being verified, then it will be because your Venmo balance is not sufficient for the transaction. 

3. You Didn’t Choose Venmo As Payment Method 

They are different payment methods available on Venmo which are Card,  bank, and Venmo balance. 

If you didn’t select the Venmo balance as the payment method before you complete your transactions, it won’t be charged to your Venmo balance. So if you have enough money on your Venmo balance and you want to use it as the payment method, choose it before completing the transactions. Note that you can only change payment methods before completing a transaction because you won’t be able to undo it after completing the transaction. 

4. Using Outdated Version Of Venmo 

When you are using the outdated version of the Venmo mobile application on your device, you may face some restrictions and glitches which may prevent you from using your Venmo balance for transactions. 

Even if you have enough money in your Venmo balance and your Venmo account is verified you might not be able to use your Venmo balance because the version is already out of support. 

Kindly,  update your version of the Venmo app from the mobile play store or download the latest version from the Venmo website. 

Can You Use Venmo Balance Without Card 

If you don’t have a bank account or debit card attached to your Venmo account, you can still use your Venmo balance to make transactions if your balance is up to the amount you want to pay. 

However, if your Venmo balance is below the amount required for payment, you can’t use your Venmo balance because your transaction will be declined. 

How To Use Venmo Purchase Protection

How Do I Use My Venmo Balance Instead Of My Bank Account?

1. By Selecting Venmo Balance As Your Payment Method

If you have enough money in your Venmo balance and you want to use it for payment, before completing your transaction, choose the Venmo balance as the payment method.  This will charge the transaction from your Venmo balance. 

2. Remove Your Card And Bank Account 

If you can’t select Venmo balance, remove your bank account and card from your Venmo account so that your Venmo account should be the only payment method. This will enable you to use your Venmo balance automatically. 

Conclusion 

Venmo balance is only available to people with verified Venmo accounts and updated Venmo mobile applications. 

If you want to use your Venmo balance, then choose Venmo as the payment method before completing your transaction. The payment will be charged from your Venmo balance directly. 

 

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