The new payment option should be useful for shared rides and meals.
Splitting an Uber with friends is incredibly common, as is splitting that cost among those who hopped in the ride-hailed vehicle. Soon, however, splitting payments on Ubers will become even easier. Uber and Venmo have teamed up so you can use Venmo to pay for Uber rides (and Uber Eats) directly.
Uber riders will be able to use Venmo to pay with their Venmo balance, a linked bank account, their credit card, or a debit card, at no additional cost. According to Venmo, more than 6 million transactions over the past year have mentioned the word “Uber”—so clearly, there’s a market here.
The purchases will appear in your Venmo transaction history, but instead of a friend’s profile icon on the left, you’ll see either the Uber or Uber Eats logo. You’ll be able to pay with Venmo for a solo ride or meal, or you can split it with friends.
“With so many of our riders and eaters already turning to Venmo as a way to pay a friend back for that last ride or meal, we’re proud to have built a seamless, easy-to-use connection between our apps,” Marco Mahrus, Uber’s head of Payment Partnerships, said in the news release.
Over the next few weeks, Uber will be rolling out Venmo payment integration to its Uber and Uber Eats services.
Venmo has been growing dramatically over the past few years, and is a dominant player in the mobile payments space. Last month, the PayPal-owned service expanded further by getting into the world of physical payments with its new Venmo card. Venmo is also accepted at more than 2 million U.S. retailers, allowing users to pay for online purchases with the app. It’s been available as a payment option in partner apps for some time now, and now Uber is the latest to join those ranks.