Venmo

Pay Friends Pay For Everything

Pay Friends Pay For Everything
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Venmo

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Submit a review

Overview

Founded by Andrew Kortina and Iqram Magdon‑Ismail as a simple solution to hassle-free payments between friends, Venmo was acquired in 2013 as part of PayPal’s $800 million startup purchase of Braintree. Today, Venmo operates as a wholly owned subsidiary of PayPal, tapping into its global payments network and compliance infrastructure. Venmo offers a fast, social, and cashless way to pay friends, family, and businesses. From splitting bills to online checkouts, we’re redefining the way people handle money. Today, venmo become a trusted digital wallet for millions — connecting people and businesses through fast, friendly payments.
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Venmo Features

Simplifies Splitting Bills With Friends
Business Features
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Specifications

Company

Venmo

2009

New York, United States

Language Supported

English

Suitable For

Freelancers

StartUps

SMB's

Supported Platforms

Browser-based

Android

iPhone/iPad

Customer Support

Phone

Email

24x7 Support

Knowledge Base

Help Guides

Blog

Social Media

Media

media image
thumb

Use Cases

Splitting bills

Reimbursements

Personal payments

Business Transactions

Public Transactions

Integrations

PayPal

Jotform

Team

Willy
Designer

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FAQ

Venmo is a U.S.–based peer-to-peer (P2P) payment app that lets you send or receive money using your linked bank account, debit card, or Venmo balance. It includes a social feed where users can comment or react to transactions.

Yes—for personal transactions funded by a bank account, debit card, or Venmo balance. However, Venmo charges a 3% fee for credit card payments and an optional fee for instant transfers.

New users have a weekly limit of $299.99 until they verify their identity. Once verified, users may send up to $60,000 per week.

No—both sender and recipient must reside in the U.S. Venmo is not available for international, cross-border payments.

Yes—via Venmo business profiles and integration with PayPal/Braintree, businesses can accept customer payments. Personal-to-business transactions incur a standard merchant fee. However, businesses should not use personal profiles as it may violate terms of service.

Recent Updates

Venmo Launches Big 12 Debit Cards for Students and Fans to Score More Across Campus and on Gameday
August 04, 2025
Partnerships with the Big 12 Conference and student-athletes will drive every day spend with Venmo across college campuses nationwide. With the Venmo Debit Card, users can activate limited-time 15% cashback2 offers from some of their favorite brands in the app, allowing them to score more on everyday purchases in-store and online.
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Venmo Alternatives

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