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Venmo
Venmo · San Jose, California, United States · founded 2009
What it is
Venmo is a payments app for sending money to friends, paying businesses, and checking out while shopping. It is available on Android, iOS, and the web, with transfer tracking and scheduled payments as well as instant transfers. Users can split group expenses, send gift cards, and add Venmojis or GIFs to payments. Business profiles separate business and personal transactions, and businesses can offer Venmo checkout in apps or mobile websites. With a compatible mobile device, a business profile can accept cards, Apple Pay, Google Pay, and other digital wallets through Tap to Pay. Venmo says it encrypts transactions and account information, monitors activity for unauthorized transactions, and supports multifactor authentication and app PINs. Eligible purchases may receive Purchase Protection when marked as purchases in the app; payments between people who do not know each other do not have buyer or seller protection. Personal accounts have no monthly fee, and listed transfers from a balance, debit card, or bank account cost $0.00. Credit card payments cost 3.00%; Instant Transfer costs 1.75%, with a $0.25 minimum and $25 maximum fee. Use requires being in the United States with a U.S. bank account.
For and against
For
- Supports Android, iOS, and web.
- Users can schedule payments and track transfers.
- Business profiles separate business and personal transactions.
- Eligible marked purchases may receive Purchase Protection.
Against
- Use requires being in the United States.
- A U.S. bank account is required.
- Credit card payments cost 3.00%.
- Personal payments to strangers lack buyer or seller protection.
The verdict
Venmo offers personal payments and separate business-profile tools, with social payment features and multiple checkout options. Be aware of transfer fees and the limits on protection for personal payments.
Who it suits
Venmo suits people who want to send money, split group expenses, or pay businesses from Android, iOS, or the web. Its business profiles are designed for sole proprietors, casual sellers, and small businesses.
Plans and prices
Personal Venmo account
Sending to Venmo accounts using balance, debit card, or bank account: $0.00 · Credit card payments: 3.00% · Instant Transfer: 1.75% (minimum $0.25 fee, maximum $25 fee)
Read 4 Oct 2026 · venmo.com
Venmo business profile
Direct and QR code payments: 1.9% + $0.10 · Tap to Pay transactions: 2.9% + $0.09 · Fees are non-refundable
Read 4 Oct 2026 · venmo.com
On the record
- Availability
- The user agreement says users must be in the United States and have a U.S. bank account to use Venmo services.venmo.com · read 4 Oct 2026
- Business use
- Business profiles are designed for sole proprietors, casual sellers, and small businesses, and keep business and personal transactions separate.venmo.com · read 4 Oct 2026
- Checkout integrations
- Businesses can offer Venmo checkout in their apps or on their mobile websites.venmo.com · read 4 Oct 2026
- Company
- Venmo says it has been an app for payments between friends since 2009 and is owned by PayPal.venmo.com · read 4 Oct 2026
- Exchange-rate model
- markupvenmo.com · read 20 Sep 2026
- Upfront fee display
- Yesvenmo.com · read 20 Sep 2026
- Mobile platforms
- bothvenmo.com · read 20 Sep 2026
- Payments
- Venmo lets users send money to friends, pay businesses, and check out when shopping.venmo.com · read 4 Oct 2026
- Personal payment limits
- Venmo says it does not offer buyer or seller protection for payments between users who do not know each other.venmo.com · read 4 Oct 2026
- Purchase protection
- Venmo says eligible purchases can receive Purchase Protection when users mark the payment as a purchase in the app.venmo.com · read 4 Oct 2026
- Scheduled transfers
- Yesvenmo.com · read 20 Sep 2026
- Security
- Venmo says it encrypts transactions and account information, monitors account activity for unauthorized transactions, and supports multifactor authentication and app PINs.venmo.com · read 4 Oct 2026
- Social features
- Users can split group expenses, schedule payments, send gift cards, and add Venmojis or GIFs to payments.venmo.com · read 4 Oct 2026
- Support
- Venmo directs users to its Help Center for customer support and lists automated and live-agent customer service as having no fee.venmo.com · read 4 Oct 2026
- Tap to Pay
- A business profile can accept cards, Apple Pay, Google Pay, and other digital wallets using a compatible mobile device.venmo.com · read 4 Oct 2026
- Transfer speed
- instantvenmo.com · read 20 Sep 2026
- Transfer tracking
- Yesvenmo.com · read 20 Sep 2026
