If you are one of those Venmo users that are fed up or frustrated with the Venmo goods and Services option of the app and therefore looking for a way to turn it off, then you have landed in the right place. In this article, we will show you, among other important things, how to turn off goods and services on Venmo.
You will also see the implication of that as well as when you can turn off goods and services and so much more. You don’t need to be told that this piece is packed full. So let’s get started.
A few years ago, Venmo introduced a policy to help protect the funds of buyers and sellers on the app. This was added to the Terms Of Agreement of Venmo. It is called the Venmo Purchase Protection Program. The aim is to make sure that the buyer and the seller who does business in the app get their transactions protected.
It went further to include a button or an icon for that feature in the mobile app hence anyone who wants to make such a transaction can simply turn it on thereby permitting Venmo to monitor such a transaction. And if anything is wrong between the buyer and the seller, the money will be refunded accordingly.
What Does It Mean To Turn On Goods And Services On Venmo?
As explained above, what it means to turn on goods and services on Venmo is that you have permitted Venmo to protect your transaction with its Purchase Protection policy. If you are making a commercial transaction from a business account, it is automatically protected.
However, if the commercial transaction is being made from a personal Venmo account, then you must turn on goods and services to enable protection. This is what it means to then on goods and services on Venmo.
This, however, is done at a fee which will be deducted from the amount that you are sending. Let’s see more about the Venmo fees for goods and services below.
What Is Venmo Goods And Services Fee?
By turning on goods and services on Venmo, you will be charged the following fees.
- 1.9 dollars from the total amount being sent to the seller.
- Another 0.10 dollars from the total amount.
Therefore, a total of $2 will be deducted from the payment to the seller when you turn on goods and services. It is to avoid these fees that many people want to learn how to turn off goods and services on Venmo. Can that be done? See the answer in the next paragraph.
Can I Turn Off Goods And Services On Venmo?
Yes, you can turn off goods and services on Venmo. Since the goods and services button is meant to be on when you are making a commercial transaction especially as it affects paying for goods and services, it is, therefore, pertinent to turn off goods and services when you are going to make a personal transaction.
This will help to avoid the need that is meant to be charged goods and services payment. Luckily, Venmo has made it easy for you to easily switch between transactions thereby differentiating a personal transaction from a business transaction. It is in this light that we are going to see how to turn off goods and services on Venmo in the next paragraph. So let us proceed to see it.
How To Turn Off Goods And Services On Venmo
We have emphasized over and again that it is important to turn off goods and services when the need arises to avoid fees. Here is how to turn off goods and services on Venmo.
- Log in to your Venmo account.
- Go to the payment tab
- Select the recipient
- Enter the amount that you wish to send
- Include a note to the payment.
- On the payment note section, you will see the “Turn On For Purchase” option.
- If it is on, toggle it to the left. And by doing so, you have turned off goods and services on Venmo.
When Can I Turn Off Goods And Services On Venmo?
You can turn off goods and services on Venmo any time you wish to make a personal payment to friends and family. That is, as long as the payment that you intend to make is not for business purposes, then you are free to turn off goods and services at any time.
Is It Safe To Turn Off Goods And Services On Venmo?
Now that you know how to turn off goods and services on Venmo, let us now see if it is safe to do that. To answer this I will say Yes and No. Let me show you the reasons for that answer.
Yes, it is safe to turn off goods and services on Venmo as long as it is a personal transaction that you are about to carry out. In other words, it is safe to turn off goods and services on Venmo when sending payments to friends, family, and any other known or familiar individual. This is because, should there be any mishaps with such a transaction, you can trace them.
On the other hand, I will say No, it is not safe to turn off goods and services on Venmo if it is a commercial transaction. That is if the payment that you are about to make is not personal.
If it is for goods and services purchased on Venmo, then it is not safe to turn off goods and services. If you do, the Venmo Purchase Protection Policy will not cover your transaction hence there is no way to get a refund should any problem arise with the purchase.
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What Happens When I Turn Off Goods And Services On Venmo?
When you turn off goods and services on Venmo using the method explained above, you will not be charged a fee for the Venmo Purchase Protection Program which usually helps to protect buying and selling transactions on the app.
When goods and services are turned on on Venmo, a service charge of $1.9 and &0.10 is usually deducted from the transfer amount. Therefore, by turning it off, you will no longer be charged for that as the transaction will be considered personal (to family and friends).
What Happens If I Make Payment Without Turning Off Goods And Services?
We have so far shown you how to turn off goods and services on Venmo. If you made a payment without turning off goods and services, then the charges will be deducted from the payment. If however, this was done in error (if It was a personal transaction, not business), then you might get your charges back.
I do not guarantee that the money will be sent immediately hence you always have to carefully turn it off before every personal transaction. However, contact the Venmo support team for help.
Now that you have seen and learned how to turn off goods and services on Venmo as it has been explained, you can go ahead and do yours. Always make sure that you protect your funds by doing that for personal transactions alone.