Venmo is a great payment app through which you can send money to your friends and family. It's widely used, you can send money by whichever payment method you want and recipients get funds instantly. Users can send money through their debit and credit cards, bank account or by using Venmo balance. Received money gets added to your Venmo balance from where you can transfer it to your bank account or can keep it in Venmo balance. Venmo also lets you split bills and other expenses with multiple people. Friends and family members can use Venmo to pay for internet bill or to split the bill at a restaurant.