A redesign of the money-sending experience and the ability to donate to charities through the peer-to-peer payments app are some of the changes that will be rolled out today. It is hoped that the latter will make it easier to see how much you are sending and who you are sending it to.
The donations feature will expand to include new capabilities over time, as the company says the updates will begin to become available to all users today.
Initially, Venmo users will be able to browse through verified charities in their local community or browse by charity categories, including things like animals and pets. Users can choose to make a donation using their credit card or bank account. Venmo users will soon be able to share a donation they made with their friends to encourage others to give as well.
In order to connect its users to the tens of thousands of certified charities available through the PayPal Giving Fund, Venmo has a similar feature in its own app. The fund collects donations on behalf of users, provides receipts to donors, and then disburses the funds to the charities. Peer-to-peer payments have been the focus of Venmo in the last few years.
In October, PayPal announced that charities would be able to create a profile on Venmo to reach beyond the PayPal community to also tap into Venmo's user base of some 90 million customers. The company said at the time that donors are most likely to hear about causes through word-of-mouth with friends and family.
Clicking on the search bar at the top of the app will allow users to make a donation. They can find a charity on the " Find a Charity" page and learn more about it. If they are ready to make a donation, they need to tap the Donate button. They will be able to share the donation later.
The transaction fees are set at 1.9% and don't include other charges.
The image was taken from Venmo.
A user interface redesign is one of the changes coming to Venmo. The new experience for sending money on Venmo will include profile pictures and a larger fonts for dollar amounts. Users could see the profile picture if they were on a friend's page, but the actual "Pay or Request" screen only included their name and a small box to enter the amount.
The plus "+" button next to the first recipient's profile picture will allow customers to add more recipients to the same transaction. The total amount being sent and the amount for each transaction will be displayed here. It's easy to send money to a group of people and it's a great way to give money to friends and family during the holiday season.
The new charitable donation experience will reach all users today, but the new "send money" redesign will only reach users over the next few weeks.
There was an update at 12:35 p.m. on 11/22. The "send money" redesign will start today, but may not reach all users as of today.
All Rights Reserved © 2024
