What Prepaid Cards Work with Venmo?
Venmo is a popular way to send and receive money easily with friends and family. Although sending money to friends and family is quick and easy using your bank account or debit card, the same cannot be said for prepaid cards. But, don’t worry! Venmo can work with some prepaid cards—here are a few things you should know:
Which Prepaid Cards Work with Venmo?
You can link most Visa and Mastercard prepaid cards to your Venmo account as a payment method. Although, it’s important to note that not all prepaid cards will be accepted. Some of the more popular prepaid cards that are known to work with Venmo include:
- American Express Serve
- Green Dot
- NetSpend
- Movo
- Netspend
Using a Prepaid Card with Venmo
Using a prepaid card with Venmo is very similar to using a debit card. The only difference is that you won’t have to wait to transfer the funds. To use your prepaid card, simple select it as your payment option when sending money. You will then enter the card number, expiration date, and security code. Venmo will make two small deposits into your prepaid card account. All you have to do is confirm the two deposits, and you’ll be able to start using your prepaid card with Venmo.
Limitations
Yes, you can use prepaid cards with Venmo—but there are some limitations. Prepaid cards can only be used for payments and purchases up to the amount deposited on the card. Additionally, you can only add funds to a prepaid card from approved sources—namely your own funds, money orders, and cashiers checks.
Summary
Venmo is a great way to send money quickly and easily with your friends and family. Although not all prepaid card will work with Venmo, some are accepted by the platform. You’ll need to enter your card number and expiration date when sending money, and Venmo will make two small deposits into your prepaid card account so you can confirm it. However, there are some limitations with prepaid cards; for instance, you can only use them for payments and purchases up to the amount deposited on the card.