If you can’t be bothered to carry cash, Venmo could be the app you’ve been looking for.
For a lot of college students, the convenience of swiping a card teamed with the prevalence of systems like Apple Pay have virtually eliminated the need for cash. The only scenario where these systems fall short is in person-to-person transactions, but an app called Venmo could be the solution.
While Venmo does require you to link a bank account or debit card, the app keeps money sent to you in a dedicated account. This means that if someone sends you $20, you then have $20 available to send to others before Venmo withdraws anything from your bank account. While some could argue this feature is a downside, there is a big button you can press to transfer your Venmo balance back to your bank if you are so inclined.
Carrying cash is kind of a pain in the ass. Before Venmo, reimbursing a friend required a ten-minute walk to the ATM, a $3 service charge and more hassle than its worth. After using Venmo for the past few months, the level of convenience it offers teamed with no apparent downsides makes Venmo a valid solution to the issue of person-to-person transactions in the digital world.