Venmo is a mobile payment service owned by PayPal.
Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S.
Users can create an account via a mobile app or website and provide basic information and bank account information. One must have a valid email address and an American mobile phone number to use Venmo. Recipients of transactions can be found via phone number, Venmo username, or email.
Use Venmo with anyone
Pay family and friends with Venmo accounts using a phone number or email. If they don’t have a Venmo account, they’ll just need to create one. Find friends automatically by syncing your Facebook or phone contacts.
Free with many payment methods
When you send money using your Venmo balance, bank account, debit card or prepaid card, we waive fees so it’s free. Our standard 3% fee applies to credit cards. Receiving money and making purchases in other apps is always free.
We use encryption to help protect your account information and monitor your account activity to help identify unauthorized transactions.
Users get rewards into their accounts when Venmo is used with selected merchants. Through Venmo Rewards Program, they can use these by bank account transfer or debit card and merchants in-app.