According to Moneyzine, Venmo boasts over 83 million active users. It is simple, secure, and accessible almost everywhere. More than one third of this large group are aged between 18 and 29.
The p2p payments app is not only for young adults. Businesses love it, too. Venmo transactions are 19% more popular than traditional payment methods according to PayPal. Venmo transactions are, in general, quick, easy, and accessible.
Sometimes users receive a "Venmo Payment Pending" message rather than a successful transfer. You may be familiar with this feeling. Read on to find out why it occurs and how you can fix it.
Venmo charged me but my friend never got the money -- What's up?
Send money to someone else and it may not reach them. To check if your transaction feed is correct, click the "Me tab" to view a list of all transactions.
If it is, your payment method was charged. However, your money is stuck in Venmo purgatory between yourself and the person who you wish to pay.
Why Did This Happen and How Do I Solve It?
When you send money to an unidentified phone number, email address, or account that is not associated with a Venmo account, Venmo Payment Pending errors can occur.
When the recipient signs up to Venmo, or adds and verifies their email address or telephone number, the payment will be processed.
You can also cancel a Venmo pending payment at any time by clicking on the "Take Back” button in your transaction feed. Venmo will reimburse the entire amount to the original payment method if you do. However, it is important that you wait. Venmo can take up to five business days to send your money to your bank account, and five to seven days to process a card.
To avoid repeating the same mistake, send money next time to the username of the recipient.
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