If you’re looking for a new way to pay for your Amazon purchases, you may want to consider using Venmo. Venmo is a mobile digital wallet and a payment service that allows you to send and receive money from friends and family. You can also use it to pay for online purchases and Amazon just started accepting the service as a new payment method for the platform.
In this blog post, we’ll show you how to do it!
How to Set up & Use Venmo as a New Payment Method to Pay for your Amazon Purchases
Now that the ubiquitous shopping platform accepts Venmo as one of its payment methods, here’s how to set up and prepare your Venmo account. You will be able to use it as a new payment method option to pay for an Amazon gift card purchase or a whole lot of other things you buy online through Amazon:
- Log in to your Venmo account and go to the “Payments” tab.
- Click on the “Pay with Venmo” button.
- Enter the amount you want to pay and click “Continue.”
- Select “Amazon” as the payment recipient and enter your Amazon email address.
- Review the payment details and click “Confirm.”
- Your payment will be processed, and you’ll receive a confirmation email from both Venmo and Amazon.
What Fees Are Associated with Venmo Payments on Amazon?
Fees are associated with all payment methods on Amazon, including Venmo. When using Venmo to pay for Amazon purchases, customers will be charged a fee of 3% of the total transaction amount. This fee is automatically deducted from your Venmo balance when you confirm the payment.
How to Add Money to Your Venmo Account
One way to add money to your Venmo account is by linking it to a bank account. When you link your bank account to Venmo, you can transfer funds from your bank into your Venmo account whenever you need to. To link a bank account:
- Tap the “…” icon in the upper-right corner of the home screen
- Select “Settings”
- Tap “Bank Accounts”
- Tap “+ Link Bank Account.”
- Enter your bank login information and follow the instructions on the screen
- Once your bank account is linked, you can transfer funds by tapping “Transfer” on the home screen and selecting “Transfer Money from Bank.” Choose how much money you’d like to transfer and hit “Confirm.” The funds will appear in your Venmo balance within 1-3 business days
Another way to add money to your Venmo account is by using a debit or credit card. When you use a debit or credit card to add money, the funds are added immediately to your balance and can be used right away.
Pros and Cons of Using Venmo for Amazon Purchases
Using the Venmo app to pay for items you buy on Amazon can be a great way to keep track of your spending, as well as earn rewards points. However, there are also some potential drawbacks to using Venmo for your Amazon purchases.
Here are some pros and cons to consider before using Venmo on Amazon:
- Convenient and easy to use.
- It can help you keep track of your spending.
- You can earn rewards points by using Venmo.
- There is a fee for using Venmo (although it is typically very small).
- You may need to link your bank account or debit card to Venmo in order to use it for Amazon purchases.
Alternatives to Venmo for Amazon Payments
If you’re looking for something a little more convenient, there are a few apps that offer Amazon payments:
- Amazon Pay
- Square Cash App
- Apple Pay
- Credit Card
- USD Visa/ Master Card Debit
In conclusion, if you’re looking for a quick and easy way to pay for your Amazon purchases, Venmo is a great option. All you need is the app and a linked bank account or debit card, and you can start making payments right away. Plus, with Venmo’s built-in security features, you can rest assured that your information is safe and secure. So why not give it a try?