Venmo gives you a worthwhile option that can ease your purchasing even better. That is Venmo Reload. However, you should consider that this Reload Option is only applicable for Venmo Mastercard Debit Card.
Or, if you want to ask about the Venmo Reload location, the answer will be it’s your Venmo Debit Card. Below, you will get affluent ideas about Venmo Reload.
How do Venmo Mastercard and Debit Card reload work?
When it comes to Venmo Debit Card, you must remember that the debit card used to be funded by Venmo Balance. Though, you often have to transact money more than what is available in your Venmo balance. Then what to do?
You need not worry about it. This is because Venmo Reload can help you!
When you enable the option “Reload” and attempt to transact money that exceeds your available balance in your Venmo account, reload will automatically pull funds from your linked bank account. Though, this reloading process is done in increments of $10 to cover the purchase amount.
In that case, you have to ensure that Your Bank Account linked with your Venmo account has sufficient funds to avoid the declined transaction.
Though Venmo has set a specific limit on the total dollar value of reloads, you can attempt it with your debit card. Venmo also allows you to change the linked bank account as Venmo Reload Location or disable the “Reload” feature on Venmo App.
Also Check:- Can I Add Cash to my Venmo Card at store?
How to enable the Reload option for Debit Card?
Here are some simple steps by which you can enable the Venmo Reload option for Debit Card.
- Open your Venmo account
- Go to the “Cards” option
- Go to the “Debit Card” option and tap the image of your card
- Check the option to turn on or off the “Reload” Option
If you turn off the “Reload” Option or exceed the upper limit from Reload limit, or if your bank balance is not enough to add to your Venmo Debit Card- your transaction will be declined during purchase.
Now a common question may arise,
Do I have to turn on the Reload option to use the Venmo Debit Card?
No, you do not have to turn on or off the reload option to use the Venmo Debit Card. The Venmo Reload location is Debit Card. But if your debit has enough funds or you have no need for excess money compared to your Venmo balance, then there is no need to turn on Reload option or change the Reload location.
Though, as the Venmo Reload Location is your Debit Card, therefore:
If you need to turn on or off the Reload option or change the reload method on Venmo for your Debit card, do it before the transaction. In this section, you have to keep this in mind. Your Venmo Balance funds any cash withdrawal. On the other hand, the maximum reloads limit for a Venmo debit card is $400. So, if you enable the reload option on your Venmo app, cash withdrawal beyond the limit will not trigger the reloads.