If you’re a Venmo user that often uses instant money transfer, you’re going to have to wait a little bit. The PayPal-owned company has temporarily halted its instant transfer feature in order to make a “few changes” to the service. You’re still able to use regular bank transfer, but as of right now, you can’t use instant money transfers.
The company didn’t provide any details as to why it’s pausing the feature, but said that its as doing this to handle “technical issues.” Though, as it takes care of the issues, it should start coming back online.
We’re making a few changes to our instant transfer feature, and it is currently unavailable. Our priority is to ensure we’re giving you the best experience, and we’re sorry for any inconvenience. Our standard bank transfer option is still available in the meantime.
— VenmoSupport (@VenmoSupport) March 21, 2018