All You Need to Know About Venmo Transfer Limit

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Venmo has specific transfer limits for all type of transfer such as overall combined transfer Limits: $6.999.99, Person-to-person Payment Limits: $4,999.99

Venmo has transfer limits specific to person-to-person payments, purchases with the Venmo Mastercard Debit Card, online and in-app purchases that you make with your Venmo account, and purchases via in-store QR code. Whenever you try to send money beyond the transfer limit, Venmo declines your payment automatically. If you are a Venmo account holder then you must know about the Venmo transfer limits.

In case you have not verified your identity over Venmo, you will have a lower weekly transfer limit of $299.99. Once you will complete the identification process then the transfer limit will be increased for your Venmo Login account. In this post, you will learn about Venmo transfer limits and how to verify the identity of your account; so, stay with us.  

Venmo Transfer Limits

Venmo has specific transfer limits for all type of transfer such as:

  • Overall Combined Transfer Limits: $6.999.99
  • Person-to-person Payment Limits: $4,999.99 (weekly per transaction both are same)
  • Authorized Merchant Payment Limits: $6,999.99 (weekly) and $2,999.99 (per transaction)
  • Venmo Mastercard Debit Card Purchases: $6,999.99 (weekly) and $2,999.99 (per transaction)

Note: After verifying your identity, the weekly transfer money will be increased to $6,999.99 from $299.99. So, it is necessary to confirm the identity of your Venmo account.

How to verify identity to increase the Venmo transfer limit?

To increase the transfer limit for your Venmo account the process is easy and clear. Go through the steps to verify the identity of your Venmo account.

  1. Using a device, visit the Venmo login page
  2. Or open the Venmo mobile app
  3. On the login page, type your Venmo login username and password
  4. After accessing your Venmo account, head to the “Settings” option and tap on it
  5. Then, look for the “Identity Verification” option and click on it
  6. Finally, you have completed the process to confirm the identity of your Venmo sign in account

Conclusion

To sum up, Venmo has transfer limits specific to person-to-person payments, authorized merchant payments, and Venmo Mastercard Debit Card Purchases. If you have not verified your identity, you will be allowed to send only $299.99 using your Venmo account. In this post, we have explained the Venmo transfer limit and the method to confirm your identity. Hopefully, this post will be helpful for you all.

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