Venmo Launches Scheduled Payments and Requests for Users

Venmo has introduced a new feature allowing users to schedule both one-time and recurring payments and requests through its app. This feature caters to the demand from users who frequently make transactions for monthly expenses like rent and utilities. Users can now easily manage their payments, setting up schedules on a monthly, weekly, or bi-weekly basis. Venmo will prioritize the user’s balance for funding these payments, automatically switching to a backup method if necessary. The app will send reminders before the scheduled payments and allow users to view or cancel planned transactions. This feature is gradually rolling out to users and anticipated to be fully available in the coming weeks, enhancing the ease of peer-to-peer payment management on Venmo.