Forums › Dragon Lord › Știri › Venmo Transaction Limits: What You Need to Know
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05/21/2024 at 1:52 PM #22873
41675253ParticipantVenmo, a popular mobile payment service, imposes various transaction limits to ensure security and regulatory compliance. Here’s a comprehensive overview of these limits:
Personal Accounts
Weekly Rolling Limits (Unverified Accounts):
Venmo Sending Limit: $299.99
Venmo Receiving Limit: No specific limit; however, incoming payments may be subject to scrutiny if they seem suspicious.
Weekly Rolling Limits (Verified Accounts):
Sending Limit on Venmo: $6,999.99
Receiving Limit on Venmo: No specific limit
Bank Transfer Limits:
Standard Transfer: Up to $999.99 per week (based on the rolling week).
Instant Transfer: Up to $50,000 per transfer and up to $100,000 per week, subject to review.
Business Profiles
Weekly Rolling Limits (Unverified Business Profiles):
Payment Limit: $2,499.99
Weekly Rolling Limits (Verified Business Profiles):
Venmo Payment Limit: $24,999.99
Venmo Venmo Card Transactions
Daily Limits:
Purchases: $3,000 per day
Venmo ATM Withdrawals: $400 per day
Additional Considerations
Transaction Types and Limits:
Peer-to-Peer (P2P) Transactions: Subject to the limits mentioned above.
Purchases from Authorized Merchants: Included within the overall sending limits for verified accounts.
Verification Process:
To increase your transaction limits, you need to verify your identity by providing personal information such as your full name, date of birth, Social Security Number (SSN), and address.
Security and Fraud Prevention:
Venmo may impose additional restrictions or review certain transactions for security reasons.
Large or suspicious transactions might require additional verification or might be temporarily held for review.
Tips for Managing Limits
Verify Your Account:
Complete the identity verification process to maximize your transaction limits.
Monitor Your Usage:
Keep track of your transactions to ensure you do not exceed your limits, especially if you frequently use Venmo for large payments.
Use Multiple Payment Methods:
If you frequently hit your Venmo limits, consider using other payment methods or services to manage your transactions.
Stay Informed:
Venmo’s policies and limits can change, so regularly check their official website or app for updates.
By understanding these limits, you can better manage your Venmo transactions and avoid potential disruptions. For the most accurate and current information, always refer to Venmo’s official resources or customer support. -
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