I don’t use my Venmo card too much, but I did use it at the gas station. I asked for $50 in gas as I was filling up and didn’t know how much I was going to need. I only ended up charging $22. This was at a Chevron. Well it’s been several days and my hold is still on for $50. Even though it does show the credit card was only charged $22.50 when I asked the Venmo chatline, they said the whole will be on for up to 21 days ! This was their answer: The $50 hold on your Venmo payment is a common industry practice implemented by Venmo to ensure a safer environment for both buyers and sellers. This hold provides an easy path to resolution in the event of disputes on eligible payments. Held payments are automatically released within 21 days. This is because selling products and services online carries some inherent financial risk, and these holds are applied to eligible payments to account for this risk. Since these holds are automated, there isn’t a way to stop them from happening. This is outrageous!
