Venmo is a popular and commonly used app in the United States. Many people use Venmo to send money to friends and family or even pay merchants in their day-to-day lives.
However, is it possible to schedule payments with Venmo so you can pay people automatically on a regular basis? This article will give you all the answers you need, so keep reading!
Can You Set Up Automatic Payments on Venmo in 2024?
Venmo doesn’t have any features that currently allow you to set up automatic or recurring payments in 2024. Rather, you have to manually initiate each payment when you use Venmo. This is because the app is designed to mainly be used between friends and family, and isn’t set up with a lot of bank-like features.
Although you can’t set up automatic payments on Venmo, there are other ways to do this and some important things to note, so keep reading to learn more!
What Cash Apps Allow Recurring Payments?
There are a few money transfer apps and services that allow you to send automatic recurring payments under certain conditions.
Apps that allow automatic payments include Google Pay, Apple Pay (if you have the debit card), Zelle (through your bank), PayPal, and Cash App (if you have the Cash Card).
How Do I Set up Automatic Payments With Google Pay?
Google Pay allows you to send out automatic recurring payments for subscriptions or bills using your Google Pay balance.
To set this up, you can select Google Pay as your preferred payment method when asked to pay a regular subscription.
As well, you can manage your current subscriptions by going to Settings in Google Pay, selecting “Subscriptions” and tap or click “Manage.”
This will allow you to make changes to the current subscriptions connected to your Google account.
Does Apple Pay Allow Recurring Payments?
Apple Pay, in its simple form, doesn’t support automatically scheduled payments. However, you can get a debit card from Apple that uses your Apple Pay balance.
With this Apple Card, you can set up scheduled recurring payments. You can use this feature to regularly pay a subscription or a bill.
How Do I Set up Recurring Payments With My Bank?
The exact process for setting up a recurring payment with your bank will vary since each bank is different.
In general, you can go to your online banking account, and there should be a section for your payments. You can select an account for withdrawing scheduled payments that you set.
Can I Set up Recurring Payments With Zelle?
Accepting and sending recurring payments with Zelle can be possible, but it depends on your bank account and the features connected with it.
Zelle itself doesn’t have designated features for setting up recurring payments, but it’s possible to do so if your bank account provides a way and you can send the money through Zelle.
Within your mobile banking app, you can set up a payment with Zelle, and if the feature is supported, you can select an amount, date, and frequency for the payment.
Does PayPal Let You Set up Automatic Payments?
You can use PayPal to pay for recurring subscription bills like Steam, Spotify, and PlayStation. PayPal’s automatic payment feature works with certain compatible merchants.
After you connect your PayPal account to businesses that you’re paying for on a regular basis, you can manage these payments and subscriptions in the PayPal app.
How Do I Set up Automatic Payments With Cash App?
If you have Cash App’s debit card, called Cash Card, you can use it to make recurring payments to some retailers and merchants.
For example, if you have a monthly subscription to pay for a service, you can use your Cash Card.
To set this up, you can enter your Cash Card information when the retailer or company asks for a payment method for your recurring payment.
In addition, Cash App allows users to set up a scheduled automatic payment that will be paid from your account on a selected date.
Is There a Limit on the Number of Transfers on Venmo?
There is no limit on the number of transactions or transfers you can initiate on Venmo.
However, there are some spending limits on Venmo, depending on your account type, whether it’s a verified personal account or a business account.
To know more, you can also read our posts on whether you need a card for Venmo, whether Venmo uses Plaid, and whether Venmo works in Mexico.
Conclusion
Venmo doesn’t allow scheduled or automatic payments. Every payment you send on Venmo must be manually initiated. However, there are several other options for scheduled recurring payments.
For example, you can use your Apple Card or Cash Card (from Cash App) to pay for recurring subscriptions and other bills. As well, you can send recurring payments through your bank using Zelle if your bank allows the service.