Ask yourself, how would Emily Post use Venmo?

From American Public Media, this is Marketplace Tech.

I'm Stephanie Hughes.

You could say once your company becomes a verb, then you've kind of arrived. And VenmoMe is a pretty

common phrase these days. Mobile payment apps like Venmo, along with Zell and Cash App, are becoming

pretty widespread, especially among young people. According to the Federal Reserve Bank of

Atlanta, consumers under the age of 25 work twice as likely to have used some

kind of mobile payment app compared to older Americans. But as with any form of money, there

is etiquette about how to use them. Yonelli Espinall is host of Marketplaces Financially

Inclined, a video podcast that provides money lessons for teens. I asked her about the

dues and don'ts of these payment apps.

So actually the biggest do is to make sure that you talk about these things before you go,

like requesting or sending money. You just want to have some type of communication before the

transaction is made. I didn't really know there was a term for this, but I spoke to Aaron Lowry.

She's the author of a series of books called The Broke Millennial Book Series.

And she talked a lot about this, which is called Venmo Etiquette.

If you're inviting somebody to do something and your expectation is that they are going to pay for some half, whatever amount, tell them that early.

Be sure to communicate that.

It is really tacky to after the fact without communicating that, send a Venmo request for a sum of money. Got it. Kind of intense if

you're like, hey, these baseball tickets cost this much and you owe me this much money.

Right. It can kind of create awkward social dynamics in your relationships. So I think that it's a good point. You just talk about this stuff beforehand. Like before you leave to go to lunch. Like, oh, hey guys, I'd rather it be awkward now than later. Like, let's just settle this real quick. How are we going to pay for this? Like, I'm cool if we split it, but I just want to make sure, you know, or I'm not cool with splitting. So I'd rather not just let me know now if we want to ask for separate tabs. You know, that quick communication could get rid of a lot of awkward tension and help you,

you know, not ruin relationships. What happens if it does get awkward later? Like if you've

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