How to Delete Your Venmo Account

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Venmo is a digital wallet established in 2009 and currently owned by PayPal since 2013. It enables users to make online payments, request and share money with friends, and carry out other transactions at a very cheap rate.

Venmo does not give a new user any different experience (i.e. everyone using it has virtually the same experience), so you might get bored after using it for a long while.

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Maybe, due to other reasons, such as not using the account anymore, finding a better digital wallet, or because the account owner is dead, you wish to delete the account but do not know how to do that or the steps to follow.

You don’t need to worry about that; here is the best way to permanently close and delete your Venmo account.

Easy Ways Of Closing and Deleting your Venmo Account

Here are the easiest ways of closing your Venmo account, which you may not have known about. You can close your Venmo account through the website on the PC or from the app.

In ways you prefer, using that one is the best for you.

How to close and delete your Venmo account via the website

To delete your Venmo account through the website, this is what you will do:

Sign in to your Venmo account on the website from your computer browser
Go to Account setting
Click on Close my account

How to Delete Your Venmo Account From a Web Browser

How to Close and Delete Your Venmo Account via the App

This is another way of closing and deleting your Venmo account (through the app).

Open the Venmo app.
Go to the Me tab by clicking on your initials or picture
Tap the setting icon
Select Account under Preferences
Proceed by clicking on Close Venmo Account

Checkout

In cases where you have a personal account and a business account with Venmo but wish to close only one of these accounts, if it is the business account that you prefer closing, you can do that freely, but if it is the personal profile, then know that both the personal and the business profiles will be closed.

When you close your Venmo business account/profile, here are a few things to bear in mind

You will never be able to reactivate the business profile after you close it, i.e. they are deleted permanently.
You can’t create a new business profile with the same personal profile you used while creating the previous business profile you closed.
Creating a new business profile representing the same business entity used in the previous one, which was closed, is impossible.
Once a business account is closed, everything concerning that business profile is forgotten.

Summary

Venmo is a digital financial platform where you can buy, sell, send money/make payments, receive payments, trade on cryptocurrency, and perform many other transactions at a very cheap rate.

You may have reasons to close your Venmo account, but before you do that, you must keep these few things in mind to avoid regrets.

Please note that if you have money in your Venmo account that you wish to close, you can’t get it back once you have deleted the account or closed it. So make sure you transfer all your funds to another account or withdraw them before you close that account to prevent loss of funds.

Also, Venmo is not supported internationally, which means that it is only available and can only be used by US residents; therefore, if you wish to have an account with Venmo and use it for sending and receiving money through Internet banking, then you must have an American Bank account, and same applies with the receiver.

How to Delete Your Venmo Account in 2 Easy Ways.