#Can paypal be setup for multiple users plus#

YouвЂ™ll have $3,199.99 left to spend on authorized merchant purchases and Venmo Mastercard debit transactions in the rolling weekly period. For example, letвЂ™s say you spend $3,800 on person-to-person payments within a week. The overall combined spending limit each week is $6,999.99. ItвЂ™s $6,999.99 for authorized merchant payments and the same for Venmo Mastercard debit card purchases. For person-to-person payments, the maximum is $4,999.99 weekly. Venmo has weekly transaction limits for person-to-person payments, merchant payments and debit card purchases. Your Venmo balance is eligible for pass-through FDIC insurance through VenmoвЂ™s partner banks, Wells Fargo Bank and The Bancorp Bank, but only if youвЂ™ve purchased cryptocurrency or added money to your Venmo account via direct deposit or remote check capture. You can also sign up for direct deposit to have your paycheck go straight into your Venmo account, up to two days earlier than your usual payday. Along with connecting your external bank and card accounts, you can keep money in Venmo as part of your Venmo balance that you can use to spend or send cash. Venmo lets you connect your bank account, debit card or credit card and then use the app to make payments or send money and transfer money back to your external accounts. Some small businesses also use Venmo to receive payments. If you need to pay a friend for last nightвЂ™s restaurant bill, or if you need to split the rent payment with your roommate, Venmo is set up to be a quick, no-fee way to make these transactions. Who is it best for? Venmo is designed to be a social, consumer-friendly app. The company describes its service as making sending money вЂњsafe, simple and social.вЂќ You can also use Venmo to make purchases via the mobile app, online or in person. This mobile payment app allows you to send and receive money quickly. Venmo is owned by PayPal and is part of PayPalвЂ™s larger family of brands. PayPal has over 300 million users and is available in more than 200 countries, supporting 25 currencies

Single transaction: Up to $60,000, but may be limited to $10,000.

No limit for verified accounts in a given time frame.

Combined weekly spending limit of $6,999.99, including Venmo Debit Card, merchant and person-to-person payments.

#Can paypal be setup for multiple users plus#

Sending money internationally: 5% plus a minimum fee of $0.99 when sending with a PayPal balance, bank account or Amex Send Account 5% plus 2.90% plus a fixed fee when sending with a debit or credit card.

Sending money via debit or credit card: 2.90% plus a fixed fee based on the currency being used.Sending money from a linked bank account or PayPal balance: No fee.

There are also a few other fees for some transactions, such as cashing a check or receiving payments to a business profile.Sending money from a linked bank account, debit card or Venmo account balance: No fee.