'Does Venmo accept prepaid cards?': How to add a prepaid card to Venmo and use it to send money (2024)

FAQs

'Does Venmo accept prepaid cards?': How to add a prepaid card to Venmo and use it to send money? ›

Can I use a prepaid card or gift card on Venmo? We allow credit, debit, and prepaid, network branded (e.g. American Express, Discover, MasterCard, Visa) cards registered under your name to be added to Venmo.

Venmo will verify your Visa gift card information. Once it's verified, you'll be able to use it to send and receive money on Venmo. Note: Venmo does not accept all prepaid cards. You can only add prepaid cards that are network branded (e.g., American Express, Discover, MasterCard, Visa) and registered under your name.

Yes, you can add your Vanilla gift card to your Venmo account.

A convenient, fee-free way is to request cash back during check out at grocery stores. Most grocery stores provides free cash back when you use a Visa Prepaid card. Ask the store associate beforehand, to make sure. Additionally, you can withdraw money from participating ATMs.

If you're having trouble adding your credit or debit card to Venmo, the best thing to do is reach out to your card issuer to confirm that there are no issues. Oftentimes cards are declined because of a recent zip code or address change - your card issuer should be able to tell you more.

Potential Issues and Troubleshooting

Check for any restrictions from the card issuer. Transaction Limits: Some prepaid cards have daily or monthly transaction limits. Ensure your transaction amount does not exceed these limits. Verification Issues: Venmo may require additional verification for certain prepaid cards.

Usually, prepaid cards only have your 16-digit card number, your expiration date, and CVV code printed on them. You do not usually need to provide your prepaid card ZIP code when you make purchases with your prepaid card.

Prepaid card issuers also often provide associated apps or online platforms that can streamline and initiate the transfer process. Locate the transfer option. If using an associated app or online portal, this could be labeled as "Transfer," "Move Money," "Send Money," or a similar option.

Your debit card or bank account may not be eligible to process the instant transfer. The information you entered when linking your bank account doesn't match what your bank has on file. Double-check your bank information. If the existing information is incorrect, please remove your bank account and link it again.

Venmo allows you to make payments using a variety of methods including: Venmo balance, bank account, debit card, and credit card.

What are the downsides of using a prepaid card? ›

Disadvantages. Pre-paid debit cards do not help you build credit. Many pre-paid debit cards charge fees before you even start using them. There is usually a monthly fee and fees on common transactions such as ATM withdrawals, card replacement, direct deposit, and reloading the card.

Yes you can, and the most straightforward way to convert a Visa gift card to cash is to sell it to a private individual or a website that is based in buying gift cards.

Cards may be declined by the card issuer or Venmo for funds availability or fraud prevention reasons. Some payment cards may require a ZIP code to be linked to your account.

The most common reason for payment declines in Venmo is insufficient balance. To avoid this issue from happening, ensure that you have enough funds available in your bank account for the entire value prior to sending. Venmo payments can only be accepted if you are using the correct account information.

Using a Prepaid Card: You can also use a prepaid card, such as a Green Dot card, to add money to your Venmo account. To do this, you will need to load the prepaid card with money and then link it to your Venmo account.

No hidden fees

*Venmo does not charge for sending money from a linked bank account, debit card, or your Venmo account. There is a 3% fee for sending money using a linked credit card.