How it works is Venmo mobile app users can either scan a store’s QR code to pay or let the store scan yours from your phone by simply tapping “Scan” followed by “Show to Pay” in the app.

ZIP code and birthdate, you become “verified” and can send up to $60,000 per week in one or multiple transactions. The maximum you can transfer from Venmo to a bank account starts at $999.99 p ...