Are you having issues with payments in Venmo?
Are you someone, looking for ways to increase Venmo weekly limit?
If yes, you are at the very right place. As here, we will be discussing how you can increase Venmo limit for money transfers.
So, without any further ado, let us dive right into the details.
Can you increase Venmo limit?
The simple answer to the question is – Yes. You can increase Venmo weekly limit. And to increase the limit, you need to get your identity verified by Venmo if you haven’t already.
Venmo is one of the most popular payment apps out there. It is much more like Cash App, which features services like peer-to-peer payments and debit card services, and whatnot.
Venmo also supports purchasing cryptocurrency, but Venmo has the upper hand here; it supports multiple cryptocurrencies.
Like Cash App and other payments apps, Venmo has weekly limits as well. As some of you may already know, Venmo has a weekly limit of $299. This means users can only send a maximum of USD 299 in a week to another Venmo user.
Well, this is done for security purposes as it keeps a check on any potential fraudster by restricting the transfer of any considerable amount. This also restricts any underage user to involve in any significant money transfers.
In the next part of this post, we have included a guide to increase Venmo limit. Make sure to check out the step-by-step guide.
ALSO READ: Why is Venmo not verifying bank account
How to increase Venmo weekly limit
To increase Venmo weekly limit, you will need to get your identity verified. Venmo will ask you for some personal details.
Make sure to submit all the details correctly, and don’t worry when you share your details. In our previous post, we discussed how Venmo identity verification is completely safe.
And right after the verification of the identity, the weekly limit, which is around $299, bumps to $4,999.99 for Person-to-Person payments. Whereas the limit for Venmo Debit Card purchases and Authorized Merchants increases to $6,999.99.
And the same story goes with Per-Transaction-Limit. After the identity verification on Venmo. The Per-Transaction-Limit for peer-to-peer payments increases to $4,999.99. The limit for Venmo Debit Card purchases and Authorized Merchants increases to $6,999.99, similar to the weekly limit.
Below, we have mentioned the guide to increase Venmo weekly limit. Check out the step-by-step guide and get yourself verified right away.
1. Open Venmo app on mobile
To get started, open the Venmo app on your mobile device. You can continue with an iOS or Android device. The steps will remain the same for both devices.
Make sure to update the app before you proceed. Visit the play store and search for the app, and hit the update button if it appears.
2. Click on menu icon
On the home page of the app, you will see the menu icon in the top right corner of the page. It is the hamburger icon or the three horizontal lines icon.
Select it to continue.
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3. Select Settings icon
In Menus, you will see several options. There, you need to select the Settings option to continue.
You will be redirected to a new page after that.
4. Select Identity Verification option
On the Settings page, you need to select the Identity Verification option. And this will start the Identity Verification procedure.
5. Click on Next option
Before starting the verification procedure, you will find yourself on a one-time security check information page. There, select Next to continue.
6. Enter personal details
Venmo will ask you for your personal details. Enter your first and last name, as well as your birthdate. And make sure to enter details as per your official documents.
7. Enter SSN number
Next, you will be asked to enter the last four digits of your SSN (Social Security Number).
And make sure to enter a valid SSN. And if you are not eligible to have an SSN, do not try to enter a randomly generated SSN. Venmo might ban you for entering a fake SSN during the verification procedure.
So, continue if you are above 18 years of age.
8 . Enter your Address
After entering all the asked details, you need to enter your address as well. Submit your officially recognized permanent address.
And that’s it.
By following the steps mentioned below, you will be able to get your identity verified on Venmo.
If you have any kind of issues with the procedure, you can contact us with your query.
1. How to increase Venmo limit
To increase Venmo limit, you will need to verify your identity on Venmo. It is also required if you want to apply for a Venmo debit card. And it is the only way to increase the limit of your Venmo debit card.
And we are done with the guide.
In this guide, we mentioned the exact details of the limits and a step-by-step to increase the Venmo limit.
With the help of the guide, you can get your identity verified on Venmo, and you will be able to send more than the weekly limit right away.
Ankit Kumar is an Engineer by profession and a blogger by passion. Over the last several years, he has written tons of articles, solving queries on Quora. He also has years of experience in investing in Cryptocurrencies, Funds, and Stocks.