We’re excited to share a new app that we’ve discovered called Venmo, which makes peer-to-peer payments extremely easy with just a couple simple steps. It allows you to choose a friend through their phone number, email, or even through their Facebook profile, then securely pay them with Venmo’s bank-grade security system. Here’s more about the app and why we love it:

Our favorite parts of the app:

• You can “charge” someone or you can “pay” someone with just a few clicks
• Email and text notifications make completing transactions easy
• If you use your “Venmo Balance”, a bank transfer, or a debit card then you won’t have any fee transaction

Ideas for using Venmo:

• Splitting the bill at dinner
• Reimbursing your friend/family member for something
• Sharing cab rides

Do you use Venmo and have anything to say about it? Let us know in the comments below!