- Introduction
Peer-to-peer payments (P2P) have become a popular way to send and receive money, with many people using them to split bills, pay friends back for dinner, or even send money to family members overseas.
While the process of making a P2P payment may vary depending on which service you use, the basic steps are generally the same. In this guide, we’ll walk you through how to make a P2P payment using the popular Venmo app.
- Sign Up for an Account
The first step is to sign up for a P2P payments account with a provider like Venmo, PayPal, or Google Wallet.
If you’re using Venmo, you can sign up for an account by downloading the app and entering your phone number. You’ll then be prompted to create a username and password, as well as provide some basic information like your name, email address, and date of birth.
- Link Your Bank Account or Credit/Debit Card
Once you have an account set up, you’ll need to link it to a funding source. This is typically done by linking your bank account or adding a credit or debit card.
If you’re using Venmo, you can link your bank account by going to the “Banking” tab and entering your bank account routing and account numbers. You can also add a credit or debit card by going to the “Cards” tab and entering your card information.
- Find the Person You Want to Pay
The next step is to find the person you want to pay. If you’re using Venmo, you can do this by searching for them by their username, phone number, or email address.
- Enter the Payment Amount
Once you’ve found the person you want to pay, you’ll need to enter the payment amount. You can also add a note to describe what the payment is for.
- Review and Submit the Payment
Before you submit the payment, you’ll have a chance to review the details to make sure everything is correct. Once you’re happy with the payment, simply hit the “Pay” button to send the money.
And that’s it! Making a P2P payment is quick and easy, and can be done from anywhere using your phone or computer.
We hope this guide has been helpful. If you have any questions, please feel free to reach out to us at [email protected].
