Using Multifactor Authentication
Every time you go to log into your Venmo account from a new device, you’ll need to authentic your account. Once completed, you can add the new device to your list of approved devices. When you do, you won’t need to authenticate again on that device. Whether you’re attempting to log into Venmo through the website or app doesn’t matter in terms of authentication: Next, You won’t need a code to confirm your identity when signing in from that device in the future. You will, however, still need to enter your password correctly. Some Venmo users may also confirm their identity by verifying financial information if they have a bank or card linked to your Venmo account. This backup option is not available for all users.
Removing Authentication
Eventually, you’ll get a new device; for example, a new phone. When that time comes, you should remove the old equipment from the list of authenticated devices for Venmo. To do so:
Note: If you notice a phone that isn’t yours in my Remembered Devices list, we recommend removing any devices that look suspicious. Anyone signing in from that device will need to pass the security code challenge.
Remember the PIN
Besides using multifactor authentication and a password, you should protect your Venmo account on your mobile devices using a PIN.
On iPhone
To set your PIN, go to Settings. Next, under Security, use the Touch ID & PIN or Face ID & PIN selection, depending on your iPhone model. Enter your PIN, then enter it again to confirm. From now on, you’ll be prompted for your Touch ID, Face ID, or PIN every time you open the app. You must have a Touch ID or Face ID activated on your device to follow the steps.
On Android
To set your PIN on an Android device, go into Settings. From there, select PIN COde & Fingerprint. Next, enable the PIN code and set a PIN of your choosing. If applicable, you’ll also see an option to use Fingerprint Unlock in Venmo.
Conclusion
In its current form, Venmo allows users to send monies using a phone number or email through the official Venmo app for iOS and Android. If you’re sent money through Venmo and don’t yet have an account, you can create one in seconds for free. From there, you can find other friends and associates who use the service by syncing your Facebook account or phone contacts. Since it first launched, Venmo has grown considerably both in the number of users and money changing hands. For the first quarter of 2019, for example, Venmo announced it had 40 million users with a payment volume of $21 billion. Revenue for this year is expected to top $300 million.
