What funding source is used to pay for purchases at participating businesses?
Venmo will first attempt to use your Venmo balance when paying for your purchase. If you do not have enough balance to cover the entire cost of the purchase, Venmo will then charge the card or bank account that you have designated for purchases.
Can I use different payment methods when I’m purchasing in merchant apps and websites, and when I’m sending money to friends from the Venmo app or on Venmo.com ?
Yes, you can set different default payment methods for purchases and payments to friends. You’ll be prompted to set up these payment methods when you make a purchase for the first time.
How do I change my payment method for purchases?
To change your payment method for purchases, navigate to "Settings" in the app. Under the "Buying" heading, tap "Backup Payment." There, you can choose your preferred default or add a new bank account or card.