Venmo

Venmo is the fun and easy way to pay and get paid.

Venmo is the fast, safe, social way to pay and get paid. Join over 83 million people who use the Venmo app today.

SEND AND RECEIVE MONEY

Pay and get paid for anything from your share of rent to a gift. Add a note to each payment to share and connect with friends.

SPLIT A REQUEST AMONG MULTIPLE VENMO FRIENDS

You can now send a payment request to multiple Venmo friends at once and customize the amount each person owes.

SHOP WITH THE VENMO DEBIT CARD

Get a debit card that gets YOU. Earn automatic cashback when you spend with Venmo Debit Card at some of your favorite merchants.¹ No monthly fee, no minimum balance.²

GET REWARDED WITH THE VENMO CREDIT CARD

Automatically earn 3% cash back on your eligible top spend category, 2% on the next, and 1% on the rest.³

BUY CRYPTO WITH AS LITTLE AS $1

Buy, hold, and sell cryptocurrency right on the Venmo app. New to crypto? Learn more with in-app resources. Crypto is volatile, so it can rise and fall in value quickly. Be sure to take it at a pace you're comfortable with.⁴

DO BUSINESS ON VENMO

Create a business profile for your side gig, small business, or anything in between—all under your same Venmo account.

PAY IN STORES

Use your Venmo QR code to pay touch-free at stores like CVS. Just scan, pay, and go.

PAY IN APPS & ONLINE

Check out with Venmo on some of your favorite apps, like Uber Eats, StockX, Grubhub, and Zola.

MANAGE YOUR MONEY

Get your Venmo money in the bank within minutes using Instant Transfer⁵. Want your paycheck up to two days early⁶ ? Try Direct Deposit on Venmo.

¹DOSH offer terms apply.  Check app for availability. 

²The Venmo Mastercard is issued by The Bancorp Bank, N.A., pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

³See Rewards Program Terms. For more information on the Venmo Credit Card go here: https://venmo.com/about/creditcard . The Venmo Visa Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA Inc. VISA is a registered trademark of Visa International Service Association and used under license.

⁴Terms apply and available here: https://venmo.com/legal/crypto-terms . Only available in the US and limited in certain states. Buying and selling cryptocurrency is subject to a number of risk and may result in significant losses. Venmo does not make any recommendation regarding buying or selling cryptocurrency. Consider seeking advice from your financial or tax adviser.

⁵Transfer speed depends on your bank and could take up to 30 minutes. Transfers are reviewed, which may result in delays or funds being frozen or removed from your Venmo account.

⁶ Subject to bank/employer practices. Terms apply and available here: https://help.venmo.com/hc/en-us/articles/360037185594

What's New in the Latest Version 10.39.1

Last updated on Apr 19, 2024

Fresh new upgrade alert! This release contains bug fixes and improvements, stay tuned for more.

Venmo, a mobile payment service owned by PayPal, has revolutionized the way people send and receive money. Launched in 2009, the app has become a ubiquitous tool for splitting bills, sending gifts, and making purchases online and in-store.

Features and Functionality

Venmo's core functionality revolves around sending and receiving payments between individuals. Users can link their bank accounts, debit cards, or credit cards to the app, allowing them to transfer funds quickly and easily. The service also offers a social media-like feature, where users can follow friends and family to see their recent transactions.

Payment Options

Venmo supports various payment methods, including:

* Bank transfers: Users can transfer funds directly from their bank account to another Venmo user's account.

* Debit cards: Users can use their debit cards to make payments on Venmo.

* Credit cards: Venmo accepts credit card payments, but a 3% fee is charged for each transaction.

Transaction Fees

Venmo's standard transactions, which include transfers between linked bank accounts, are free of charge. However, certain transactions incur fees:

* Credit card payments: A 3% fee applies to all credit card transactions.

* Instant transfers: Users can opt for instant transfers to receive funds immediately, but a 1% fee (minimum $0.25) is charged.

* International transactions: Venmo charges a fee for sending or receiving payments to and from international accounts.

Security Measures

Venmo employs robust security measures to protect user data and transactions. These include:

* SSL encryption: All data transmitted between the Venmo app and its servers is encrypted using SSL technology.

* Two-factor authentication: Users can enable two-factor authentication to add an extra layer of security to their accounts.

* Fraud monitoring: Venmo actively monitors transactions for suspicious activity and takes steps to prevent fraud.

Social Media Integration

Venmo's social media-like features enhance its user experience. Users can:

* Follow friends and family: Follow others to see their recent transactions and send them money.

* Add comments and emojis: Users can add comments and emojis to their transactions, making the experience more social and engaging.

* Split bills: Venmo's "Split" feature allows users to easily split bills among multiple people.

Business Features

Venmo also offers business features for small businesses and entrepreneurs. These features include:

* Business profiles: Businesses can create business profiles to separate their personal and business transactions.

* Invoicing: Businesses can send invoices through Venmo, allowing customers to pay online.

* Payment links: Businesses can generate payment links that customers can use to pay directly.

Limitations

Despite its popularity, Venmo has some limitations:

* Limited international support: Venmo's international transaction fees and limited support for certain countries can be a drawback.

* Lack of physical card: Venmo does not offer a physical debit or credit card, limiting its use for in-store purchases.

* Transaction limits: Venmo imposes daily and monthly transaction limits, which may not be suitable for high-volume users.