The digital world is fantastic because it provides us with conveniences. Take the example of communication. Now, you can communicate with more than 2 billion people on Facebook. And you can send them messages, images, videos, and documents. This easy communication opened a new way of doing things. Now, people work and get paid. And for transferring money, they use money transfer services. Venmo is one example. But this article will tell you about how to delete Venmo account. We will tell you all the detail with screenshots. So, you must pay attention and keep reading further.
The consequences of deleting a Venmo account
You will have to face the consequences, which are described below.
- You will lose all the money in your account. So, we recommend you to withdraw All your balance into your bank account.
- You will lose all the data on payment senders. We recommend you to back up the details.
- You can never reactivate your account with the same details. So, you must keep that in your mind.
- You cannot connect your bank account again with Venmo. And for a new Venmo account, you will have to use another bank account.
Note: You can cancel a Venmo account by using only a laptop or a computer. There is no option for deleting your account from the mobile app.
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How to delete Venmo account?
The procedure is pretty straightforward, and you have to follow the steps.
- Open your computer.
- Connect to the internet.
- Now, you must open your web browser.
- After that, you must press the sign-in link at the top-right corner.
- After that, you must click the “Settings” button at the top-right corner of the window.
- Now, you must choose the “Close my account” option, which will be at the bottom of the screen just above the “Save settings” button.
- Now, you have to click the “next” button in the popup. And you have to download your most recent statement for closing your account.
- Now, you will see a blue “Next” button. You have to click on it to continue. Moreover, you can download the statement in CSV format.
- Now, you have to click the “Close my account” button to confirm your action. You will get one more transaction in your email. And then, your account will be closed forever.
- Now, you have successfully closed your account from Venmo.
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Alternative to Venmo
There are many sophisticated services on the internet that will provide you with better service. We will mention the detail of a few. So, you must keep reading.
It is a faster, safer, and reliable way to send and receive online payments. You will need a bank account for opening the account on PayPal. After that, you will need to verify your account by a phone call or checking balance in your bank account. PayPal charges a 5% Fee for transferring money into your bank account. You can also open a merchant account. PayPal will not charge you anything for paying money. That’s why you can use the service for online purchases.
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This service is founded in 2005 by a New-York based Firm. After that, it became popular for transferring money across the globe. This service is quite useful for sending small payments. Payoneer also offers you a prepaid card, which works at Master Card ATMs. You will be charged a 2% fee for transferring your money into a bank account. You can also use the service for mass payout. Many companies are using this service only for paying hundreds of accounts.
It is also a fast service for transferring money. You will get your payment transferred in seconds. The best thing about this service is that if you are receiving money, then you can cash it out through a bank account for free. You can also use Bitcoins for sending money. Moreover, you can also store Bitcoins in a Square Cash account.
Also check below guides:
How to remove credit card from Aliexpress
How To Delete OKCupid Account
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How to delete credit card from Amazon
Now, we have successfully managed to show you the way to delete your Venmo account. So, you must follow the steps correctly for closing your account. We have also mentioned the alternatives. So, you can choose the best service for transferring money. Have a good day.