Venmo is an American mobile payment service founded in 2009 and also a subsidiary of PayPal since 2012. It’s a type of peer-to-peer (P2P) payment platform which is aimed at friends and family who wish to split bills for various occasions. Venmo is arguably one of the safest and fastest ways to pay and get paid. And by the way, their no-fee option extends to payments made via debit cards or online accounts. Have you ever wondered How to Delete a Venmo Account? Worry less, for this article will discuss various ways to go about the same.
Venmo accounts are issued by PayPal and can be used as a payment method in authorized partner apps or mobile wallets. Accounts provide early access compared to standard banking practice of posting funds for bill payments, making purchases, and debt settlement.
Venmo accounts provide social ways to pay family and friends to whom you owe money and, in the case you don’t want to deal with cash. After using a Venmo account or signing up and not using it, you may be considering deleting/closing it. This post covers various ways How to delete Venmo Account. Read on to find out.
There are different methods you can use to close your Venmo account. Below, we have covered a few:
1. Deleting Venmo account via Settings (Android/iPhone)
You can close/delete your Venmo account on the app via settings. This applied to both Android and iPhone versions of the app. Follow these steps to get it done:
Step 1: Log in to your Venmo Account on your phone by entering your credentials
Step 2: Transfer your funds if any are left in your account balance and ensure no transactions are in progress
Step 3: while in the Venmo App, go to the “Me” tab by tapping your initials or picture
Step 4: Tap the Settings gear in the top right section
Step 5: Under “Preferences,” select “Account”
Step 6: Finally, tap “Close Venmo Account”
Deleting your Account and your Business Profile, if you possess one, will also be closed. Business profiles are permanently deleted when closed and can’t be reactivated
2. Deleting a Venmo account via a computer
You can also delete your venom account via a computer. Here are the steps:
Step 1: Log in to your Venmo account via a web browser. Enter your username and password.
Step 2: Transfer any remaining balance as you will not be able to delete your account if any funds are still available.
Step 3: Also, ensure that the account has no pending Transactions.
Step 4: Go to your Account Settings.
Step 5: At the bottom of the page, select” Close My Venmo Account” and then click on “Next”
Step 6: Review the most recent statement on the Account
Step 7: Tap “Close Account” once again.
To ensure your Venmo account is properly closed after finishing the process, go to your email address and check for any new emails from Venmo. This is probably the last email sent from Venmo. There will be a goodbye message and also your account's transaction history.
This is important as it assures the user that their Venmo account is permanently deleted. Remember, once deleted; you won’t be able to access or recover any data from your Venmo account.
3. Delete Venmo Account with DoNotPay
DoNotPay helps people resolve issues with online platforms such as Venmo. Through its Delete Old Accounts product, DoNotPay reaches out to Venmo and requests them to delete your account through the rights, privacy laws and Consumer Data Protection Acts granted to you. All you have to do is:
Step 1: Go to Delete Old Accounts product on DoNotPay
Step 2: Select type of account you are trying to delete in this case Venmo Account
Step 3: Tell them more about your account, including usernames and associated emails/phone numbers
Step 4: Help verify your account ownership by entering the date you first created the account, when you last logged in and any payment methods saved under the account
Step 5: Upload any available photographic evidence that can help prove your Venmo Account ownership
Step 6: Enter any last used password with the Account
Step 7: Enter your contact information and submit the task.
A demand letter shall be submitted to Venmo, confirming your account ownership and asking them to delete your Venmo Account. Also your personal information linked to the account will be deleted. You should hear from Venmo directly concerning the status of the account that’s about to be deleted.
FAQ
Q. Why won’t Venmo let me delete my account?
Venmo can not allow you to delete your account if there are available funds or transactions in progress. You can either return the money to the sender or transfer it into your bank account. Once done transferring the funds delete your account and check your email.
Q. Can I have 2 Venmo accounts?
Yes, you can have two Venmo accounts using different bank accounts or the same one. Having two Venmo accounts is good if you share a joint bank account with your partner or family member.
However, when someone adds the same bank details to your Venmo account, you get a notification. Therefore, you will be aware to prevent anyone unauthorized to add bank account details without permission.
Q. How do I remove my credit card from Venmo?
To delete your credit card from Venmo, simply open the Venmo app, select the “More Option” icon in the top-right corner, select the settings icon, payment methods, choose linked credit card, select the remove button, and confirm. Your credit card will be removed from the account.
Conclusion
Despite Venmo being a robust and secure payment system, sometimes users may just want to terminate their financial dealings on the platform and close their account altogether. In this post, we have provided a detailed coverage of how to delete a Venmo account. Hope you found the post very useful.
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