Venmo is a free digital wallet that makes it easy for users to make and share payments, but it is now setting itself apart from other digital payment platforms by introducing a physical debit card for select users.
The card seems to look and function just like a regular debit card, with one of the main differences being that users are required to set a backup reload method (such as their bank account) if one's Venmo balance is insufficient for making a purchase.
The introduction of Venmo's physical debit card follows the release of a similar physical card from Square. These new kinds of cards help consumers bridge the gap between the convenience of a digital wallet and the security of having a physical card on hand to make purchases.
Digital Wallet Debit Cards
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