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  Venmo Money Transfer

Venmo Money Transfer

in Money Transfer Services from Venmo

Unaffiliated

Venmo Money Transfer

Unaffiliated

in Money Transfer Services from Venmo

SuperMoney Net Recommendation Score +88

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +88, equating to 4.8 on a 5 point rating scale.

+88

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

15 users recommend
2 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Minimum Transfer $1
Transfer Speed (days) 1 day
Processing Fee Range ($) $0
Processing Commission 3%
Number of Reviews 17

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.
Venmo Money Transfer Fees
Description
Premium Processing Fee Starting at $5
Processing Commission Range 0% - 3%
Processing Fee Range ($) $0
Processing Commission 3%
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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Feature Breakdown

Processing Fee Range ($) $0
Processing Commission 3%
Maximum Amount to Transfer $2,999.99
Mobile Transfer
Payment Options
  • Credit/Debit Card
  • Bank Transfer
Transfer Speed 1 day
Transfer Methods
  • Personal
  • Bank

Venmo Money Transfer Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +88, equating to 4.8 on a 5 point rating scale.

+88

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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