Venmo

Web · Android · iPhone

Freedom report

Three barsScore 7.4

Free tierA free tier is on its own pricing page
Open codeNo open-source code on record
Runs widely3 of 6 device platforms
DocumentedPlans, terms and facts published

Venmo is ranked #7 of 81 in money transfer apps on Freedom251, made by Venmo (San Jose, California, United States). It runs on Android, iOS, Web. There is a free plan.

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: Yes

Best Venmo alternatives

See all 12

Two bars Wise Free tier No. 1Free8.2 One bar TransferGo Free tier No. 2Free8.1 One bar Remitly Free tier No. 3Free8.0 Two bars Paysera Free tier No. 4Free8.0 Two bars Panda Remit Free tier No. 5A$6.99/mo7.7 Two bars Neteller Free tier No. 6Free7.4

The record

Transfer speed: instant
Exchange-rate model: markup
Mobile platforms: both
Upfront fee display: Yes
Transfer tracking: Yes
Scheduled transfers: Yes
Payments: Venmo lets users send money to friends, pay businesses, and check out when shopping.
Social features: Users can split group expenses, schedule payments, send gift cards, and add Venmojis or GIFs to payments.
Business use: Business profiles are designed for sole proprietors, casual sellers, and small businesses, and keep business and personal transactions separate.
Checkout integrations: Businesses can offer Venmo checkout in their apps or on their mobile websites.
Tap to Pay: A business profile can accept cards, Apple Pay, Google Pay, and other digital wallets using a compatible mobile device.
Security: Venmo says it encrypts transactions and account information, monitors account activity for unauthorized transactions, and supports multifactor authentication and app PINs.
Purchase protection: Venmo says eligible purchases can receive Purchase Protection when users mark the payment as a purchase in the app.
Personal payment limits: Venmo says it does not offer buyer or seller protection for payments between users who do not know each other.
Price from: Free

Where it ranks on Freedom251

Best Money Transfer Apps in 2026#7 of 81
Best Digital Wallet Apps in 2026#11 of 44
Best Peer-to-Peer Payment Apps in 2026#6 of 24

Is Venmo yours?

Claim it for free: prove the domain, then correct facts, plans and screenshots. An editor reviews every change.

Claim it free Promote Venmo

Sources

venmo.com/legal/fees· checked 20 Sept 2026
venmo.com· checked 4 Oct 2026
venmo.com/business/start· checked 4 Oct 2026
venmo.com/business/accept-venmo· checked 4 Oct 2026
venmo.com/business/tap-to-pay· checked 4 Oct 2026
venmo.com/about/security· checked 4 Oct 2026
venmo.com/about/us/trust-and-safety· checked 4 Oct 2026
venmo.com/legal/us-user-agreement· checked 4 Oct 2026
venmo.com/about· checked 4 Oct 2026