Venmo announced on October 9, 2024, a new feature allowing users to schedule one-time or recurring payments and requests with friends and family. This highly requested functionality enhances the platform's utility for managing regular expenses.
Users can now set up payments to be sent monthly, weekly, or bi-weekly in advance, drawing funds from their Venmo balance or linked bank accounts, debit cards, or credit cards. This streamlines the process for common transactions like rent or utilities.
The feature includes email and push notification reminders a day before an upcoming scheduled payment or request, and users can view or cancel these in their settings. This aims to deliver a better peer-to-peer experience for Venmo's users.
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