Originally Posted by DrSifu

seems like people are getting different emails, and I suppose that is based on historical usage.

below is mine. note that there is no "no-fee" credit card transaction. Everything gets hit with a 3% charge. Looks like a few lucked out and still have a no-fee limit of <$2000.

"At Venmo, we believe payments should be fun, fast, and easy. We also believe that payments between friends should always be free.

Today, we are taking a big step towards this vision. We are launching free and instant bank payments, which means you can fund payments from your bank account instead of a credit card. We've worked very hard to ensure that these payments are just as easy, fast, and secure as credit card payments.

So, what's changing?

Until May 1st,

You can continue using Venmo the way you do now.
You can opt to switch to bank payments at any time by following a few simple steps. Click here to switch now.
Starting May 1st for you (and starting today for new users),

To continue using Venmo for free, you must switch to bank payments.
If you still want to use your credit card, you can set it as your funding source, but you will be charged 3% to cover credit card processing fees.
When you're signing up your friends, you should know that they can send their first $500 from their credit card for free."