Venmo

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Score8.3

Rank#9 of 81

PriceFree

Free planYes

Runs onAndroid, iOS, Web

Summary

Venmo is a payments app for sending money to friends, paying businesses, and checking out when shopping. It runs on Android, iOS, and the web, and supports instant transfers, payment tracking, and scheduled transfers. Users can split group expenses, send gift cards, and add Venmojis or GIFs to payments. Business profiles keep business and personal transactions separate, and businesses can offer Venmo checkout in apps or on mobile websites. With a compatible mobile device, a business profile can also 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 offers multifactor authentication and app PINs. Eligible purchases may receive Purchase Protection when marked as purchases in the app; personal payments to people users do not know are not covered by buyer or seller protection. Venmo is free to use for listed personal transfers from a balance, debit card, or bank account, though other transaction fees apply. Use requires being in the United States and having a U.S. bank account.

Who it is for

Venmo suits people who want to send money to friends, split group expenses, or pay businesses. Its business profiles are aimed at sole proprietors, casual sellers, and small businesses that want to separate business and personal transactions.

What is good

Supports scheduled payments and expense splitting.
Business profiles separate personal and business transactions.
Offers checkout integrations and Tap to Pay.
Eligible purchases can receive Purchase Protection.

What to know first

Use requires a U.S. location and bank account.
Credit card payments cost 3.00%.
Instant Transfer costs 1.75%, subject to minimum and maximum fees.
Personal payments to strangers lack buyer or seller protection.

Verdict

Venmo covers personal payments and business checkout, with several payment and transfer options across mobile and web. Check the applicable fees and protection limits before choosing how to pay.

Venmo plans and pricing

All plans

Venmo business profile Free No monthly or setup fees; transaction fees apply Direct and QR code payments: 1.9% + $0.10 · Tap to Pay transactions: 2.9% + $0.09 · Fees are non-refundable venmo.com · 4 Oct 2026

Personal Venmo account Free Monthly fee: $0.00 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) venmo.com · 4 Oct 2026

Compared on money transfer apps

Free plan: Yesvenmo.com

Facts

Transfer speed: instantvenmo.com · 20 Sept 2026
Exchange-rate model: markupvenmo.com · 20 Sept 2026
Mobile platforms: bothvenmo.com · 20 Sept 2026
Upfront fee display: Yesvenmo.com · 20 Sept 2026
Transfer tracking: Yesvenmo.com · 20 Sept 2026
Scheduled transfers: Yesvenmo.com · 20 Sept 2026
Payments: Venmo lets users send money to friends, pay businesses, and check out when shopping.venmo.com · 4 Oct 2026
Social features: Users can split group expenses, schedule payments, send gift cards, and add Venmojis or GIFs to payments.venmo.com · 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 · 4 Oct 2026
Checkout integrations: Businesses can offer Venmo checkout in their apps or on their mobile websites.venmo.com · 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 · 4 Oct 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 · 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 · 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 · 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 · 4 Oct 2026
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 · 4 Oct 2026
Company: Venmo says it has been an app for payments between friends since 2009 and is owned by PayPal.venmo.com · 4 Oct 2026