You may have varied explanations for which you may get the desire to cancel the Venmo payment.
For beginners, you need to learn that once the payment has been made it is not really possible to cancel Venmo payment to the prevailing account on Venmo. Once the payment has been sent, the funds will get accessed directly by the recipient. So to get the payment back, the only way is that the recipient needs to send back the payment of the same amount.
Brief on Venmo:
Venmo it’s a prominent platform that often allows users to transfer cash instantly from one to another person.
Many users discover that Venmo is awfully valuable in case of cab fares or splitting meals and even paying rent.
But it has been noted that Venmo does not have the option of ‘Cancel’ or ‘Undo’ for quickly reversing the payment which was made by mistake. So there are a few paths to try so as to get the money back.
The common method used is to request back the amount which was paid accidentally to the wrong person. The other is to use the option on ‘Take back’ if the funds have been sent to an email address or phone number that does not have an active account on Venmo.
How do I cancel a Venmo Payment?
So if your friend does not have a Venmo account and you guessed that he/she has it. Then here are the steps on ‘How to cancel a Venmo bank transfer’:
Firstly, go to the application of Venmo on the Android or iPhone device.
After that, click on the three horizontal bars that are to the left upper corner of the screen. In case you have notifications or any payments that are incomplete.
Next, hit the button on ‘Incomplete’. Here you can get the payments that are unfinished you have sent which are indicated by the red circle. (The ‘Notifications’ section will display if there is any requests made by your friends who need money).
Now, under the ‘Incomplete’ tab, it will show you two choices: ‘Payments’ and ‘Requests’. You must select on ‘Payments’ option.
Here you can see all the payments sent by you that include email or phone number, your text message, and also the amount in dollars. So if you have sent money through a phone number, the recipient will receive a message from Venmo which will prompt you to create the account. A similar text will apply if money has been sent through email.
However, if they do not create the account on Venmo, then hit on ‘Take Back’ which is next to the Payment tab.
Once you tap on it, your payment will be turned grey and the message will display as ‘You canceled this request’.
Further, when you open the Venmo home screen, the payment will get disappeared, and thereby your funds that are sent to the recipient (new) will not get debited from the bank account that is linked to the Venmo account.
How do you cancel a Venmo Payment if you paid twice accidentally
The process how to cancel a payment on Venmo when it’s accidentally paid twice is as follows;
- Go to the Venmo App.
- Select the ‘Pay or Request’ tab.
- After that, fill in the recipient’s email address, phone number, or user name.
- Then, type the amount which was paid by one of them.
- Involve a note stating to return back the fund which was forwarded by mistake.
- Finally, tap the option on ‘Request’. In this way, you can cancel your Venmo account payment.
Hence, that’s overall on how to cancel a Venmo payment, and hope you have got the answer to your query ‘Can you cancel a Venmo payment?’ However, if you still face a problem then you can visit the ‘Venmo Contact Us’ page for further support.