
Best Of Product
Venmo Money Transfer
Explore a similar product
Try this top product in Money Transfer Services.
Community Rating | Strongly recommended |
Minimum Transfer | $1 |
Transfer Speed (days) | 1 day |
Processing Fee Range ($) | $0 |
Processing Commission | 3% |
Number of Reviews | 50 |
Venmo Money Transfer Review
Venmo is a peer-to-peer, or P2P, payment platform based in New York, NY. It was founded in 2009 and offers money transfers within the United States.
Venmo FAQ
What money transfer methods does Venmo support?
Venmo allows you to send money to the following destinations:
- Bank accounts.
- Personal transfers without the need of a bank account
How long does it take for the money to arrive with Venmo?
Typically, money will take 1 day to arrive. However, this may vary depending on the amount, currency, and destination.
How much money can you send with Venmo?
Venmo does not have a minimum transfer amount.
The maximum amount you can send per transfer is $2,999.99.
What fees and commissions does Venmo charge?
- Venmo offers free peer to peer (P2P) money transactions. However, you may have to pay a fee if you use certain payment options, such as a credit card, or if you exceed their transaction amount limits.
- Venmo does not charge a flat processing fee. Instead the cost varies depending on the amount you transfer.
- Venmo does not charge a processing fee but you can choose to pay a premium fee to send money faster. The fee starts at $5.
- There is a processing commission of 3%. For example, on a $1,000 transfer you will pay around $30. This is just an estimate there may be other fees and commissions to consider.
Description | |
---|---|
Premium Processing Fee | Starting at $5 |
Processing Commission Range | 0% - 3% |
Processing Fee Range ($) | $0 |
Processing Commission | 3% |
Contact
- Headquarters
-
117 Barrow St
New York, NY 10014 USA - Visit Site
- Email Support
Other Services by Venmo
Venmo Money Transfer Community Reviews
Would you recommend Venmo Money Transfer to your friends?