Venmo now supports shared group accounts

Venmo now supports shared group accounts

Venmo is making it easy to manage payments between multiple people. The transactions service is has announced a beta for group accounts.

Group accounts essentially act as separate account several people can share for things like paying dues or collecting money for an event.

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Aside from the usual social Venmo features like commenting or ‘liking’ a transaction, groups also let you add managers to help keep everyone in check.

Its a neat addition that could help give it a leg-up over competitors like Square Cash, which traditionally only focus on transactions from person to person.

To try it out, you can visit groups.venmo.com and sign up to create a new account with your friends.

You’ll have to already own a regular Venmo account to give it a try however, and the interface – which looks much the same as the one for standard accounts – is currently only accessible via a Web browser.

Group accounts on Venmo launched in beta [Venmo]

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