How Does It Work? Users add their bank accounts, checking accounts, credit or debit cards to the app, which then uses them to complete requests for sending or receiving money. Users of Venmo may "request" charges from their contacts and friends (which they can add, similar to social media apps like Facebook).The person in charge may complete or reject the request once it has been submitted (but, the sender of the request is also able to "remind" the person charged of their request).Users may either hold the money in their account as their "Venmo Balance" or move it back to a bank account or credit card after the funds have been transferred. website: ©