Scheduled payments are coming to Venmo soon. Users can set one-time or recurring payments for specific dates, with options for end dates and easy cancellations.
Venmo will notify users 24 hours before a scheduled recurring payment, allowing for better management of finances, including options for public or private transaction visibility.
This feature will even extend to Venmo Teen accounts, making it easier for families to manage financial gifts and allowances for teenagers.
While Venmo leads in daily transactions, its competitor CashApp lacks a recurring payment feature, indicating Venmo's focus on enhancing user convenience.
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