Venmo now supports shared group accounts

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Venmo is making it easy to manage payments between multiple people. The transactions service is has announced a beta for group accounts. Group accounts essentially act as separate account several people can share for things like paying dues or collecting money for an event. Aside from the usual social Venmo features like commenting or ‘liking’ a transaction, groups also let you add managers to help keep everyone in check. Its a neat addition that could help give it a leg-up over competitors like Square Cash, which traditionally only focus on transactions from person to person. To try it out, you can visit…

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