Faisal KhanAnswered Jun 9, 2016They don't use APIs, they use ACH. As per your user agreement, you're authorizing Venmo to do an ACH pull from your bank account, and in the case of cashing out, Venmo does an ACH push into your bank account.
What technology does Venmo use to pull funds from user bank accounts, and does it rely on bank APIs?
Faisal KhanAnswered Jun 9, 2016Which apps besides PayPal allow instant transfers to friends and family?1 ansNow that Snapcash launched, does that imply most messaging apps will add money-sending, and should every platform do it?1 ansWhat happens to the remaining balance when a Venmo account is closed?1 ansHow has M-PESA evolved since it was first launched?1 ans