Venmo

Venmo
Crypto
Money Transfer
Business
Personal
Credit Card
Debit card
Mobile Apps
Rating 3.30 4
We calculate the rating from AskWallet editorial and user ratings

Venmo is a P2P mobile payment app that comes with a debit card and smoothes the flow of funds between individuals and businesses. It offers quick and secure social payments. Owned by PayPal, Venmo account holders can split payments, send gifts, request money, transfer Venmo balance into their bank accounts, and pay businesses, online, and in stores.

Rate

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Founded: 2009
Has mobile app: Yes
Has web version: Yes
Contacts: support@venmo.com
Languages: English
Available in these countries: USA
Jurisdiction: USA
Licenses: EEA A

Main info

Has insurance: No
Has trading: No
Has budget planner: No
Has bill split: Yes
Has iban: No
Has sepa: No
Has swift: No
Service fee: 0 USD
Main service fee text: 0 USD/month
Account opening fee: 0 USD
Withdrawal fee: 1) Bank Transfer = 0%
2) Debit Card (instant) = 1%
(min 0.25 USD max 10 USD)
P2P fee: 0%
Main currency: USD
Number of currencies: 1
Cashback: https://venmo.com/resources/our-fees/
Card
Business account
Merchant

Card

Has virtual card No
Has card Yes
Has multicurrency card No
Card provider MasterCard (Debit)
ATM withdrawal fee - 0% (ATM MoneyPass)
- 2,5 USD (ATM non-MoneyPass)
Card limits ATM/24h = 400 USD

Business account

Business account has IBAN No
Business account has SEPA No
Business account has SWIFT No
Business account has business card No
Business p2p fee has conversion No
Business account deposit methods and fees has conversion No
Business account withdrawal methods and fees has conversion No
Business account P2P fee 1,9% + 0,10 USD
Business p2p fee percent: 1.9%

Merchant

Has recurring payments No
Has cards acquiring payments Yes
Has email invoicing Yes

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Reviews by users

Review and rate Venmo

social-icon Goldie Orsborn

This site/app sucks. How do you pay someone? Never a phone or a chat line available to talk to someone. Send a note, they will get back to you later this year. If you accidentally send money to the wrong person, they do not help you getting your money back.

social-icon Raivo Latkovskis

I like Venmo because you can let everybody see what you’re doing or you can have a private not only that they have a variety of colors of cards plus it’s cool because you can leave like different things for the reason why you’re sending money I think it’s cool and the money goes in like instantly you should try it Thumbs up for Venmo!

social-icon Constance Clark

I just had the most nonsense experience and even questioned if it was a well-designed scam. Venmo sent a series of emails to me saying someone who had transactions with me stole money from them somehow. It was vague and no matter what I said they refused to clarify, which looked really suspicious. They were pretty abrupt and hostile to then say my account was permanently banned, and they act as if it's my problem they had a security breach. I still don't know what "terms of service" I broke. All of my transactions have been just fine and normal, in fact I only used the service for a few months among friends and acquaintances for the usual trades.

social-icon Gabriele Rosenblatt