About Venmo
Venmo is America's most popular peer-to-peer payment app, making it effortless to split bills, pay friends, and manage money. Send or request money instantly using just a phone number, email, or username — funds transfer to your Venmo balance immediately and can be cashed out to your bank.
The social feed adds a fun twist to payments, letting you add emojis and notes to transactions (visible to friends or kept private). The Venmo Debit Card lets you spend your Venmo balance anywhere Mastercard is accepted, earning cashback rewards on select purchases.
Venmo also supports business payments, allowing you to pay merchants and accept payments for goods and services. The app integrates with dozens of apps and websites for checkout, making it a versatile payment solution beyond just splitting dinner.
Key Features
- Instant peer-to-peer money transfers
- Split bills and group payment requests
- Venmo Debit Card with cashback rewards
- Social feed with transaction notes
- Direct deposit for paychecks
- Crypto buying and selling
- Business profiles and merchant payments
Pros & Cons
👍 What We Like
- Instant transfers between Venmo users
- Social features make splitting bills fun
- Venmo Debit Card is genuinely useful
- Widely adopted — most friends already have it
👎 What Could Be Better
- Only available in the United States
- Instant bank transfer has a 1.75% fee
- Social feed can feel like a privacy concern
- Customer support can be slow
User Reviews
Venmo has eliminated all awkwardness around splitting rent and utilities with my roommates. I just request my share and it's done. The social feed is actually kind of fun — I like seeing my friends' restaurant discoveries through their payments.
I use Venmo for all my freelance payments now. Clients find it easier than wire transfers and the money hits my account instantly. The business profile makes it look professional. Only wish they'd expand outside the US.
Cannot imagine college without Venmo. Splitting pizza, concert tickets, road trip gas — everything goes through Venmo. The group split feature is clutch for big group dinners. Everyone in my friend group uses it.