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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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]