This article was published on August 19, 2015

Venmo now supports shared group accounts


Venmo now supports shared group accounts
Napier Lopez
Story by

Napier Lopez

Reporter

Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in his free time. Follow him on Twitter.

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.

download

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]

Also tagged with