Once a merchant captures an authorization, you’ll see the purchase completed for the final amount in the Teen Account’s personal transactions feed. What is a capture?įunds will not be transferred to the merchant until they finalize the transaction and capture the final amount. This transaction will appear as a pending charge in your transactions feed until the merchant completes (captures) the transaction and posts the final amount. It allows the merchant to ensure that the Venmo account is open and working, with sufficient funds in the Venmo Teen Account balance to cover the transaction. When you make a purchase using your Venmo Teen Debit Card, the merchant will place a hold on the funds in the available Venmo Teen Account balance to cover the initial amount of your purchase. Any fees added by the ATM company itself will count against the $400.00 limit.An ATM fee added by Venmo will not count against the $400.00 limit.□ Venmo has a $2.50 fee when withdrawing money from non-Moneypass ATMs. If more than the current Teen Account balance is requested, your withdrawal will be declined.□ ATM withdrawals will only pull funds that are currently in the Teen Account balance. Only MoneyPass ATMs can be used without a fee from Venmo.□ The teen debit card has a daily withdrawal limit of $400.00. Yes! The teen debit card can be used to withdraw money from any ATM that accepts Mastercard. Can I use my Venmo Teen Debit Card at an ATM?
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