How Do I Get Paid on Venmo: Step by Step Guide

 

This article teaches how you get paid on Venmo. Venmo is a financial peer to peer money transfer app. But contrary to Square cash it is built around the social interaction. Indeed you can send or request money via emoji-studded text messages.

Step by Step Guide: How Do I Get Paid on Venmo?

  1. Open the app on your IOS or Android phone. If you haven’t logged into Venmo. you can do that by using your email and password when prompted. If you haven’t registered for a Venmo account, sign up here.
  2. Hit the “Pay or Request” icon on the app. Or look for the icon below

Pay icon

  1. Select a recipient. Write the name of the person to whom you want to send money. If you have multiple people to pay on iPhone, tap the first person’s name, tap the person’s name in the “To” field, and then tap each subsequent person’s name to add them to the list. On Android, long-press the first person’s name, then tap each subsequent person’s name.
  2. Enter the amount

Make sure you have sufficient amount of money available in your venmo account or in your credit, debit card or bank account.

  1. Add a note. This is “The what for?” Text box below. It is not optional you must type a note before you can send any money.
  2. Determine who can see your transaction. You can use the privacy function to adjust your settings.
  3. Tap pay

Once you tap the pay button the money is immediately sent to your recipient Venmo account. However, if you want the money to be deposit directly into your bank account, 02 to 03 business days are required. You can use the app for purchase or to pay for ride sharing. For instance, Uber ride can be paid with Venmo.

Conclusion

Venmo is very easy to use an app, that offers great functionalities. The interface makes pretty simple to receive money instantly from another user. Beyond the app is adding more functionalities for convenient.

 

 

 

 

How To Use Cash App

How To Use Cash App

Cash app is a financial application that is back up by square who does credit card processing. This important because it brings a certain level of credibility to the service. Even though the service is mostly used by a segment of the population that is not served by the traditional financial system; reports have emerged of the increasing mainstream popularity.

Takeaways

This is a peer to peer app. You can send and receive money easily utilizing the app. you have to send at least $5. The app is a great way to strengthen communities financially. You can link up your bank details. Also, you can opt to receive a debit card. You can customize an especially signature feature to personalize your style.

Advantages of cash app

  • Receive and send money instantly

In a matter of seconds, your recipient will get his account credited with the money transferred. However, it only works within the United States of America.

  • Receive a discount when you use the app to purchase some specific products. Also, know as a cash boost.

Cash app has partnered with retails chains, to facilitate discounts each time you purchase a product or buy a service. This is a very good way to save money and one of the perks of the service.

  • Access to a debit card issued by Sutton Bank

The debit card functions pretty well as an ordinary debit card. Each transfer from and to your cash app account affects your debit card. You can utilize the card to do any financial transaction.

  • Direct deposit is powered by Lincoln Savings Bank which gives the card a routing number and a new account number.

Likewise, you can use the direct deposit option for direct payments and the options come with other perks as well.

  • The app is widely used to split bills among friends or relatives

Indeed, it is super easy to split bills after with the app.

  • Easy to set up and to use
  • It is widely used in areas with low financial inclusiveness or no access to a bank account.

After digging into some data, the service is very popular among financially underserved communities. Because of it easy to use interface.

Learn more

To learn more about the app by educating yourself. However, unlike a bank account, it is extremely easy to be scammed. Indeed because all you need is the phone of your recipient it can super easy to be deceived. Multiple reports have emerged of people losing everything through a subtle scam. So I will recommend double-checking the receiver’s details before sending any money.

ATM Withdrawal Limit

Cash Card lets you withdraw cash from ATMs up to $250 per transaction $1,000 in any 24-hour period $1,000 in any 7-day period $1,250 in any 30-day period. Please note: when checking your balance at an ATM you will always see a $0 balance.

Money limit

Cash App lets you send up to $250 within any 7-day period and receive up to $1,000 within any 30-day period. You can increase these limits by verifying your identity using your full name, date of birth, and the last 4 digits of your SSN.

Once your SSN is verified you can send up to $7,500 per week or $17,500 per month and you can receive an unlimited amount.

You can also add up to $7,500 directly to your account and cash out $25000 per week

Cash App Visa Prepaid card

How to get the Cash App debit card?

cash-app-image.jpg

The prepaid Visa card is free and fully customizable and it is connected to your Cash App balance account, not to your bank account.  Most importantly it is accepted everywhere Visa is accepted.

In addition, you can use the card to withdraw money from a Bank ATM and you can’t expect overdraft protection. The service is free of charge but you can expect ATM fees, similar when withdrawing money from an ATM different than your bank’s ATM.

Finally in the case of fraud or stolen or skimmed Square absorbs the cost of the fraud just it does with Cash App.

To get the prepaid Visa card simply follow these steps:

  • You must be 18 years old
  • Tap the account balance on your Cash App home screen
  • Press Get Cash App Card
  • Tap continue
  • Follow the steps

To activate your Cash APP

  • Click on your Cash App profile
  • You scroll down and you will see Cash App Card, slide over to activate.
  • Register your Touch Id

You can also do that by using the QR code seen on the envelope

  • Click on the balance
  • Click on the picture of your Cash App card
  • Then a pop up with a scan QR code option
  • Then the app will ask for permission to use your camera on your phone
  • Click yes
  • Then put the camera on the QR picture on the envelope and it will automatically activate your Cash App card.

Conclusion

In the war of dominance in the financial technology” fintech”, sector cash app has its say. The increased popularity of the app illustrated an answer to a problem faced by millions of people.

How to Make Money Online

How to Make Money Online

To make money online is pretty easy nowadays. Indeed, internet penetration has helped people make a lot of money. Typically, you can either take home income passively or actively. In this article, we will explore those options.

Passive income:

Passive income requires an initial effort. You have to put in the work first in building a product or service normally 15 days to 90 days. Revenue generating through passive income takes time, the rewards come in later. The video below explains and details how you can make it works. This video from Nate O’Brien illustrates these perfectly with more than 1million views and counting. The video is well edited.

Active income:

Active income requires permanent and constant work. If you don’t put in the effort by working you can’t get money. You can do it during your free time or dedicate maybe 1 to 2 hour per day and you can to take home a substantial income.

Summary: Make Money Online

This video practical wisdom summarizes both ways. It brings together the best ways. In my opinion, it is important to mix both. You can have an active income and a passive income. By doing that you can definitely improve your life for good.

ORIGINALS

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How to Fill Out a MoneyGram Money Order : 10 things to remember

How to Fill Out a MoneyGram Money Order

MoneyGram helps people move money abroad and it also provides a vast variety of financial services including a MoneyGram money order. If you are looking to fill out a MoneyGram money order for the first time? Master these things to avoid any mistakes. Indeed it is important to make sure the form comes out correctly and properly written.

 

 

10 things to remember

 

1. The amount you paid matches the amount printed on the money order.

The last thing you will want to avoid any mistakes or discrepancies between what is written on your money order and the amount you need to send.

2. Keep track of the location where the money order was purchased in case of any disputes or issues.

Money order services are available in many locations around your city of residences. However, each has a unique identifier. Hence, going back to the exact location where the operation was performed is often recommendable for any fix. Even though, you can take advantage of the 24/7 online customer service.

3. Write the  Payee Name: the name has to be an exact match with the recipient government-issued ID. Typically, the line starts with “pay to the order of”.

This is a very critical step. I will suggest before writing the payee’s name. You request a picture of the person’s government-issued ID. As a consequence, you will know the proper spelling and the name order of the recipient. Because if there are any mistakes either in the name orders, or spelling the payment will not be processed.

4. Write the account number if you’re paying a bill. It’s very common to find money orders that have a “payment for/account number” field.

Before you write the account number make sure you double-check the account information properly.

5. Fill out your information as the purchaser/remitter/sender in the respective field. In addition, use your full legal name and your current mailing address.

10 things to remember: Continued

 

6. Sign the front of the MoneyGram Money Order: This makes the money order official. The back is to be signed by the recipient before collecting the money.

MoneyGram Money Order is just like checks. You have to have to sign the front to make it valid. In addition, the recipient have to endorse it by signing the back.

7. Keep the Money Order receipt

As proof of purchase, it has tracking information for monitoring. Also in case the money order is stolen, misplaced or lost you can use the receipt as a reference. Store the money order in a safe place. Usually, the detachable part should be your receipt.

8. Where to find Money Orders? 

MoneyGram orders are only available at banks, credit unions, financial institutions, post offices, delis, and some retail chain stores.

9. How to purchase a Money Order?

You can purchase a Money Order with cash, traveler’s checks or your debit card. However, you can take advantage of the cash advance perks of your credit card. But it would generate high-interest rates and fees.

10. Amount limit: in general Money Orders are limited to less than $1000.

 


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How To Send Money Abroad With MoneyGram

How to send money abroad accurately and completely

Sending money abroad to a person or an entity in a different state, city, country or continent can be daunting. Even though nowadays we have multiple options available. However, one of the most popular companies to send money abroad is MoneyGram. This self-explanatory video will enlighten you with a step by step process.

Takeaways: How to send money abroad with MoneyGram

This service addresses one of the challenges of financially underserved communities. Indeed all the recipient just needs a simple government issued ID and the sending number. Plus, immigrants appreciate the service as it is an easy means to send money home. Consequently, helping their loved ones stayed at back in their country by providing financial reliefs. Furthermore, the service has the advantage of representation as it can be found pretty much everywhere.

The service is affordable but it has its limits. Actually, some countries set limits on how much money can be received. Thus it is important to ask that information before sending. Moreover, there is a transfer limit that applies when you use the service to send money. The transfer limit depends on many factors.

5 things to remember

A. Make sure the name of the recipient reflects what is on his government-issued ID.

B. Check the availability of a local agent where you are sending the money.

C. Check the currency rate to adjust the money you are sending.

D. Check country limits restriction

E. Find out if you have any limits restriction.

How to Fill Out a Western Union Money Order : 10 things to remember

How to Fill Out a Western Union Money Order

Western Union helps people move money abroad and it also provides a vast variety of financial services including a western union money order. If you are looking to fill out a western union money order for the first time? Master these things to avoid any mistakes. Indeed it is important to make sure everything is filled out correctly and properly.

7 things to remember when filling Out a Western Union Money Order

  1. The amount you paid matches the amount printed on the money order.
  2. Keep track of the location where the money order was purchased in case of any disputes or issues.  Indeed, you can always go back to file a claim and it would be easily check in the record.
  3. Write the  Payee Name: the name has to be an exact match with the recipient government issued ID. Typically, the line starts with “pay to the order of”.
  4. Write the account number if you’re paying a bill. It’s very common to find money orders that have a “payment for/account number” field. Typically you will find this useful option in some countries.
  5. Fill out your information as the purchaser/remitter/sender in the respective field. In addition, use your full legal name and your current mailing address.
  6. Sign the front of the Western Union Money Order: This makes the money order official. The back is to be signed by the recipient before collecting the money. This is a very important attribute, make sure to emphasize it to the attribute.
  7. Keep the Money Order receipt: As proof of purchase, it has tracking information for monitoring. Also in case the money order is stolen, misplaced or lost you can use the receipt as a reference. Store the money order in a safe place. Usually, the detachable part should be your receipt.

3 things to remember when buying a Western Union Money Order

  1. Where to find Money Orders?  Money orders are only available at banks, credit unions, financial institutions, post offices, delis, and some retail chain stores. Every single neighborhood has a location or just follow the yellow and black logo.
  2. How to purchase a Money Order? You can purchase a Money Order with cash, traveler’s checks or your debit card. However, you can take advantage of the cash advance perks of your credit card. But it would generate high-interest rate and fees.
  3. Amount limit: in general Money Orders are limited to less than $1000.

 Conclusion

Western Union, money order is pretty simple and easy to fill out. Chances are you will find extra help if you are stuck in the process. Moreover, don’t hesitate to ask for assistance if needed. In addition, the service is widely popular and they have done a good job of expanding their offerings. Consequently, don’t be surprised if you see multiple options at any of their locations including online services. Always remember to send pick up references to the recipient. Be as specific as you can to make sure the recipient gets all the details. Make sure the receiver has received the amount.

 

 

The Saving Canvas Illustrated

How to build a budget made simple with The saving canvas illustrated. Below, you will find an illustrative example. Indeed, it is a series of video that will improve the tool understanding.

Takeaways: How to build a budget

It is important to stress that the tool main goal is to look at your spending holistically not just from a monetary standpoint. Actually, most budgeting tools will exclusively focus on the monetary aspect of your spend. Thus, underestimating the impact of non-monetary value in your budgeting.

Time, for example, is a critical element that affects your budget. The total cost of making your own food is the sum total of the money you spend on buying and paying for the resources and your availability. Generally called opportunity cost.

How To Invest & Make Money in Real Estate With Trusted People

Real Estate investment is one of the most exciting ways to improve your finances if done right. That’s because properties appreciate with time. What’s more, it is a lifetime asset with low-risk and many ways to get a return on investment. Yet sometimes we are scared of the challenges that come with the investment. Investing in real estate with trusted people can be the answer. But how exactly does it work?

How To Invest & Make Money in Real Estate With Trusted People

The process of pooling financial resources with a group of people to actively invest in real estate; comes with fast returns both financially and morally. Although it is absolutely necessary to set up a due diligence process; to avoid all the pitfalls that come with doing business with friends, family or relatives.

How exactly does it work?

#1. Set objective by defining the scope of the project.

Remember you are building a company, thus do your homework. Work on a business plan, familiarize yourself with the industry and connect with industry key players. At this exploration stage, be open-minded and flexible. The more you talk to people the more your initial execution can shift. Once everything is set you can move on to the next step. You do not need a perfect plan.

#2. Communicate your idea to your immediate environment.

Share the idea with the potential target audience you want to include in the venture. Then, make a list of all those expressing a strong interest in joining the journey. Finally, set your limit number of people and amount to raise for a start.

#3. Vetting, vetting, and vetting.

This is the most critical stage. Any mistakes here and you can regret it for life. The key terms here is Trust not feelings. Don’t hesitate to exclude any of your friends, relatives or family members that have issues with money. Take your time and do this right. Additionally, don’t be afraid to hire a professional firm to help out with the vetting process.

#4. Set up a structure & hierarchy of responsibilities.

Evidently, make sure everybody understand their responsibilities at a granular level. Definitely, print that out and distribute. Further, you can involve a lawyer or a CPA in the process. Some people will love to play an active role but some will just want to see their bank account growing.

#5. Choose a reliable investment partner: Expert Subject Matter

Choosing a person that has the experience and the knowledge of the industry is a critical component. This will help you avoid all the pitfalls of the industry. In addition to helping you navigate through all the paperwork, and anticipate future trends; the partner will bring serenity.

What are the advantages?

  • The amount of money raised can set you guys off for a good start.
  • The amount raised can help target really good locations. Location is key in real estate investment.
  • Bigger leverage capacity
  • Risk mitigation by leveraging the power of the community
  • Provide an incredible chance for everyone to become a successful real estate investor.

The math: How To Invest & Make Money in Real Estate With Trusted People

The case: You want to buy a new modern condo apartment (2 baths 4 bedrooms) in Boston and turn it into a roommate rental for students. In a good neighborhood. Also, we will use a conservative approach for revenue and cost.

Cost:

Revenue:

  • Rent/monthly per room: $800
  • Total annual: $38400

Leverage: Home-Equity appreciation will generate more cash for different projects. You can also leverage your pool contribution to get more money.

Raising $300k is not easy. But with a pool of 10 trusted friends and relatives. Each person’s contribution will be $30000. Plus, the more people you have the better and the opportunities will be limitless.

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