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(If it’s not visible, tap the three-dot icon instead, and it will appear.) Then tap “Pay,” and you’ll be prompted to add your debit card information.Facebook doesn’t list any limits regarding how much money you can send and receive using the service, but the company does say in its terms that it can impose its own limits at its discretion.(But note: these people will need to sign up for the service if they want to retrieve their money.) Available on Android, i OS, and Windows Phone, the service has a weekly limit of 9.

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But once you provide the app with some personally identifying information, those numbers rise to ,500 and unlimited, respectively.Square Cash also has some innovative technologies to help redistribute wealth.Last month alone, people used Venmo to move

But once you provide the app with some personally identifying information, those numbers rise to $2,500 and unlimited, respectively.

Square Cash also has some innovative technologies to help redistribute wealth.

Last month alone, people used Venmo to move $1 billion, and that’s just one of many services out there letting people swap dollars and cents.

“Options for sending money electronically are making cash less relevant,” says Wolman.

“Venmo’s huge month is yet another example of this trend.” Ready to empty your pockets and invest in a digital wallet instead?

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But once you provide the app with some personally identifying information, those numbers rise to $2,500 and unlimited, respectively.Square Cash also has some innovative technologies to help redistribute wealth.Last month alone, people used Venmo to move $1 billion, and that’s just one of many services out there letting people swap dollars and cents.“Options for sending money electronically are making cash less relevant,” says Wolman.“Venmo’s huge month is yet another example of this trend.” Ready to empty your pockets and invest in a digital wallet instead?

billion, and that’s just one of many services out there letting people swap dollars and cents.“Options for sending money electronically are making cash less relevant,” says Wolman.“Venmo’s huge month is yet another example of this trend.” Ready to empty your pockets and invest in a digital wallet instead?

Check out these five options for sending money using your smartphone.Venmo also connects with Facebook, making it even easier for users to find their friends.But the big draw attracting users to Venmo is its cost.Designed to send money between friends and family, it’s a go-to for divvying bar tabs or splitting up the rent check.Venmo links to bank accounts or debit cards and lets people pay each other even if they only know the recipient’s phone number or email address.Google Wallet also pulls some old-school payment technology back into the loop with its Wallet Card, a debit account that links to your Google Wallet and lets you make purchases without the hassle of transferring your money over to your bank account.