Venmo is making it easy to manage payments between multiple people. The transactions service is has announced a beta for group accounts.
Group accounts essentially act as separate account several people can share for things like paying dues or collecting money for an event.
A new era of tech events has begun
We’re back in New York this November for the 4th edition of our growth-focused technology event.
Aside from the usual social Venmo features like commenting or ‘liking’ a transaction, groups also let you add managers to help keep everyone in check.
Its a neat addition that could help give it a leg-up over competitors like Square Cash, which traditionally only focus on transactions from person to person.
To try it out, you can visit groups.venmo.com and sign up to create a new account with your friends.
You’ll have to already own a regular Venmo account to give it a try however, and the interface – which looks much the same as the one for standard accounts – is currently only accessible via a Web browser.
➤ Group accounts on Venmo launched in beta [Venmo]
:
