Venmo App Adds Charitable Giving Interface
Venmo charity finder screenshot

Venmo App Adds Charitable Giving Interface

Although Thanksgiving and retail holidays such as Black Friday, Small Business Saturday, and Cyber Monday may be on the minds of many people, a popular peer-to-peer payment app is looking ahead to Giving Tuesday. This week, Venmo announced the rollout of a new interface that will make it easier for users to discover and donate to various charities. The feature is now live in the latest version of the Venmo app.

Venmo users can find this new interface by tapping the “People and Businesses” search bar and selecting the “Make a donation” option. From there, users can search for specific charities by name or browse organizations by category. For example, currently featured causes include Environment, Housing and Hunger, and Animals and Pets — with additional categories listed below.

By selecting a charity and tapping its icon, users can learn more about the organization, including links to their website, socials, and more. Finally, tapping the “Donate” button will populate the payment interface, enabling users to complete their donation just as they would any other Venmo payment.

At this time, customers can make donations using their Venmo balance, a linked bank account, a debit card, or a credit card. Additionally, Venmo says that it plans to add a feature that will allow users to share their donations, hopefully inspiring friends and family to consider giving as well.

As for the non-profits themselves, they can create a Venmo Charity Profile thanks to a feature introduced last month. By heading to Venmo’s set-up site, charities can create their own pages and have their organizations verified by PayPal/Venmo, giving potential donators greater confidence. Charity profiles are assessed a transaction fee of 1.9% + $0.10 — which matches the Venmo for Business rate.

Venmo is among a number of FinTechs that have aimed to make charitable giving a more streamlined process as well as boost discoverability among non-profits. In particular, the startup Spiral launched a banking account that allowed customers to set up automated donations to the charities of their choice. Unfortunately, Spiral has announced plans to sunset its platform by the year’s end, although they have revealed plans to partner with existing institutions to offer similar tools to their customers in the future.

With Giving Tuesday and the rest of the holiday season now right around the corner, this new feature from Venmo seems like a great addition. Not only does it give customers an easy way to find and donate to non-profits but it also provides some peace of mind for donators as these organizations have been vetted. Surely, this new platform will inspire greater giving this holiday season and beyond.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...