7 tips to help you get the most out of Venmo, the app young people are using to replace cash

Venmo has big ambitions.

The app has already become a favored way for young people to pay back their friends, but now it's trying to break into areas like payments in other apps. The ultimate goal is to have you be able to use Venmo to purchase in any context, Venmo VP Jo Lambert tells Business Insider.

But Venmo has already made a mark. Like "Ubering" and "Googling," it has become a verb: "Venmo me." And while there have been concerns about Venmo's security and a Federal Trade Commission investigation, the app has continued to grow.

Here's a chart that shows that:

But even if you use Venmo all the time, chances are you probably don't know all the features it has. We asked Venmo to tell us some of the things people might not know they can do in the app.

Here are the 7 ones we liked the best: