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.
|Has budget planner:||No|
|Has bill split:||Yes|
|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)
|Number of currencies:||1|
|Has virtual card||No|
|Has multicurrency card||No|
|Card provider||MasterCard (Debit)|
|Card limits||ATM/24h = 400 USD|
|Atm withdrawal fee percent:||0 - 2.1%|
|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%|
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Reviews by users
Review and rate Venmo
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.
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!
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.