Venmo

Finance

7.8~~/10~~

Our score

★ 4.0 Google Play·50M+ installs

Reviewed by Editorial Team, ScoredApps editorial · updated 2026-09-05

Screenshots

Payment screen sending $15 to Skye F with the note Pizza night

Venmo debit card above a $234.56 balance and a Pay with Venmo button

Debit card designs beside claims of no monthly fee and no minimum balance

Direct deposit screen showing the routing number and an early payday alert

Split screen dividing a $62.50 dinner bill between three named people

Ski Trip group with $150.50 due from Robert and a list of added expenses

About Venmo

Venmo is PayPal's peer-to-peer payments app in the United States: money moves with a note attached, bills get split among named friends, and the balance either sits in the app or goes to a bank. It also carries a Mastercard debit card, direct deposit with its own routing number and a cash-back programme. The trade-off is speed against fees — pulling money out instantly costs 1.75% of the amount.

App information

DeveloperThe Delancey Corporation, LLC

Version26.18.0 (Android) · 26.17.1 (iOS)

Size178.84 MB (Android) · 718 MB (iOS)

Price / In-appFree

Contains adsNo

In-app purchasesNo

Content rating13+

Requires (Android)Android 8.0+

Requires (iOS)iOS 17.0+

Offline modeNone — payments, transfers and balances all need a connection

Interface languagesEN

Store rating (Google Play)4.0 from 922,438 ratings

Installs50M+

Updated by developer2026-08-28

Data checked2026-09-07

Specs come from the official store listings and were last checked on 2026-09-07. Developers change pricing and requirements — check the store page before installing.

Venmo Review: Free Until You Are in a Hurry

Instant Costs 1.75%, Standard Costs Nothing

Two ways out of the app, and the price gap is the whole story. A standard bank transfer is free and lands in one to three business days. An instant transfer to a debit card or bank charges 1.75% of the amount, with a floor of $0.25 and a ceiling of $25 — so moving $200 costs $3.50, and above roughly $1,430 the fee stops climbing. Paying a friend from a linked credit card adds a flat 3%, and the card issuer may treat it as a cash advance on top of that. Direct deposit runs the other way: wages can arrive up to two days before payday, using the routing and account numbers the app displays. Fees are US listings and change.

The Debit Card and a $100 Monthly Cash-Back Cap

The debit card is a Mastercard with no monthly fee and no minimum balance, spending straight from the app balance. Rewards come through Venmo Stash, advertised at up to 5% cash back, with the store listing's own terms capping the payout at $100 a month. Groups handle the longer-running case: a shared trip, with expenses added by different people and a running total of who owes whom. Split does the same for one bill, dividing it line by line among named contacts rather than leaving one person to chase the rest.

A 4.0 on Google Play, a 4.8 on the App Store

The two stores disagree more sharply here than for most apps: 4.8 from over 15 million ratings on Apple's side against 4.0 from 918,000 reviews on Google's, where the app has passed 50 million installs. Worth reading the Android reviews before trusting either number. On collection, Google Play's data safety card is unusually short for a payments app — contacts and app activity, with no third-party sharing declared — while the balance itself is held by a bank partner rather than by the app. One quirk for anyone checking the listing: the developer is recorded as The Delancey Corporation, the corporate entity behind the service, not under the PayPal name.

Pros

Standard bank transfers are free and clear within three days
The debit card has no monthly fee or minimum balance
Direct deposit can land up to two days before payday
Split and Groups divide shared costs without a spreadsheet
Data safety card lists only contacts and app activity

Cons

Instant transfers cost 1.75%, up to $25 a time
Paying from a credit card adds a flat 3% fee
Cash back is capped at $100 a month
Google Play rating sits at 4.0 across 918,000 reviews

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Verdict

It works, and for splitting dinner with people who already have it, nothing is faster. Use the standard transfer and the debit card and it costs nothing; reach for instant transfers regularly and 1.75% a time becomes a real bill. Read the Android reviews before committing to it as a main account — the 4.0 rating there against 4.8 on the App Store is the widest gap in this category.

Core function8.5Sending, requesting and splitting money between friends works in a few taps every time.

Ease of use8.5The payment screen is a keypad, a note field and two buttons; nothing needs explaining.

Monetisation7.0Free by default, but speed costs 1.75% and credit-card payments cost a flat 3%.

Performance7.0A heavy install for a payments app, and the Android build rates a full point lower.

Privacy & permissions7.5Short data safety list — contacts and app activity — with no third-party sharing declared.

7.8out of 10 · weighted average of the five scores above

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Frequently asked questions

Is Venmo free to use?

Sending money from your balance or a linked bank account costs nothing, and so does the standard transfer out. Charges start when you want speed or use the wrong funding source: 1.75% for an instant transfer, and 3% for paying someone from a credit card. The debit card itself has no monthly fee.

What are Venmo Groups?

A shared ledger for something that runs longer than one bill — a trip, a house, a season of shared costs. Anyone in the group adds expenses as they happen, and the app keeps a running total of who owes what, with a request button rather than a conversation about it later.

How much does an instant transfer cost?

It is 1.75% of the amount, with a minimum of $0.25 and a maximum of $25. On a $200 transfer that is $3.50; above about $1,430 the fee is capped. The free alternative is the standard transfer, which takes one to three business days to reach the same account.

How do you get money out of the app?

Both routes sit under the balance: standard, which is free and takes up to three business days, and instant, which pays 1.75% for the same day. The balance can also be spent directly with the debit card, which avoids the transfer question and the fee entirely.

What are the alternatives?

Cash App covers the same ground and adds savings, stocks and bitcoin in one app. Zelle moves money between US bank accounts with no fee at all, but it sits inside your bank's own app and offers no purchase protection. The choice usually depends on what the person you are paying already uses.