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Afriex vs Venmo

Both stand on money transfer apps. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

Afriex

Free plan AndroidAPIiPhone

Afriex combines consumer transfers, receiving accounts, cards, and business payment tools under a freemium model. Variable rates, transaction fees, and the daily limit should be considered before sending money.

Visit Afriex

Venmo

Free plan AndroidiPhoneWeb

Venmo combines personal payments and business payment options, with group expense splitting and scheduled transfers. Check the U.S. eligibility requirement and transaction fees, and note that eligible purchase protection does not cover payments to people you do not know.

Visit Venmo

The facts

AfriexVenmo
Free planYesYes
Open sourceNot publishedNot published
Runs onAndroid, API, iPhoneAndroid, iPhone, Web
Lowest paid planFree or on requestFree or on request
Plans published22
MakerAfriexVenmo
Websiteafriex.comvenmo.com
On money transfer apps#24 of 81#20 of 81

Afriex: what it does well

  • Instant international transfers
  • Supports bank accounts and mobile wallets
  • Upfront fees and transfer tracking
  • USD, GBP, and EUR receiving accounts
  • iOS, Android, and API access

What to know first

  • Exchange rates are variable
  • Some transactions cost $1
  • Daily sending limit is 3,000 USD
  • Credit Builder is US-only

Venmo: what it does well

  • Available on Android, iOS, and the web.
  • Supports instant, tracked, and scheduled transfers.
  • Business profiles separate business and personal transactions.
  • Businesses can accept digital wallets with compatible devices.
  • Eligible purchases can receive Purchase Protection.

What to know first

  • Use requires a U.S. bank account and U.S. location.
  • Credit card payments cost 3.00%.
  • Instant Transfer costs 1.75%, with $0.25 minimum and $25 maximum.
  • Payments to people users do not know lack buyer and seller protection.

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