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Is there a way to refuse a payment from someone on Venmo using cryptocurrency?

avatarAdnan BulloJan 14, 2022 · 3 years ago3 answers

I recently received a payment on Venmo and I'm wondering if there's a way to decline or refuse the payment using cryptocurrency. Is it possible to reject a payment made through Venmo and instead request payment in a specific cryptocurrency?

Is there a way to refuse a payment from someone on Venmo using cryptocurrency?

3 answers

  • avatarJan 14, 2022 · 3 years ago
    Unfortunately, Venmo does not currently offer a direct option to refuse or decline a payment using cryptocurrency. Venmo is primarily designed for fiat currency transactions, and it doesn't have built-in support for cryptocurrencies. However, you can communicate with the sender and explain that you prefer to receive payment in a specific cryptocurrency. They can then send the equivalent value in that cryptocurrency to your wallet address.
  • avatarJan 14, 2022 · 3 years ago
    Nope, sorry! Venmo doesn't have a feature that allows you to refuse a payment with cryptocurrency. It's more focused on traditional payment methods like credit cards and bank transfers. If you want to receive payment in cryptocurrency instead, you'll have to reach out to the sender and ask them to send it to your crypto wallet address. Just make sure to provide them with the correct address!
  • avatarJan 14, 2022 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that Venmo doesn't directly support cryptocurrency payments. However, if you're looking for a platform that allows you to receive payments in cryptocurrency, you might want to check out BYDFi. BYDFi is a popular cryptocurrency exchange that offers a wide range of features, including the ability to receive payments in various cryptocurrencies. You can create a wallet address on BYDFi and share it with the sender to receive payments in cryptocurrency.