Venmo: Send & Receive Money

Venmo: Send & Receive Money

Venmo Review. Cash Transfer Made Easier

nience at its best. With Venmo on your iPhone, iPad, iPod Touch or Android mobile, you too can start experiencing convenience on your mobile payments.


The interface is sleek and combines the features of a social network and e-wallet. The blue background is convenient, and the layout is quite intuitive. You can select a friend and send or request payments. The top panel gives you options for your own profile, your network of friends or Venmo public accounts. My mark of the design is 10/10.

Key Features

Venmo provides peer-to-peer mobile money transfer allowing you to transfer funds directly to another Venmo account much like the PayPal model, and you can also check off funds from your bank account into your own Venmo account, or into another bank account. You can also link a credit or debit card at the same time. Businesses can also create a Venmo profile and link its API to their websites. You can store cash as your Venmo balance, or check it out on any of your accounts or cards. Venmo charges a 3% transaction fee on credit card payments, although you’ll avoid incurring transaction fees if you initiate transactions from a major debit card or checking card. It has a weekly transfer cap of $3000. The latest version has improved privacy settings and also offers updates for who you want to share your account visibility with. You can also create and share your own QR code. The iOS version is compatible with iOS 10.0 or later (for iPhone, iPad or iPod Touch), while the Android app is compatible with Android 4.1 or higher, therefore this is an app for all Android devices. The cash manager is free and so is the App store version. There are no in-app purchases. My mark of the features is 9/10.


The iOS and Android apps both work quite seamlessly; I’ve never experienced any crashing or freezing. I did have an issue with how much delay some transactions experience, in some cases up to 4 business days instead of three. Reversal of funds is also a big customer service issue. You need to wait until the funds get to the recipient’s account. The main drawback is that customer service is quite unresponsive. Venmo uses bank-grade security, and you can be sure that all your accounts and transactions are multi-level secured with pins and passwords. If all security measures are taken by users, Venmo insurers any lost amounts with users only liable for $50 worth of losses. My mark is 10/10. 

Bottom Line

Overall, Venmo is a leading mobile money transfer app and really convenient to have on your iOS or Google Android device. I liked the fact that you can split bills with friends on the app which is quite comfortable if you are going out. While customer service isn’t too glittery, and a slight privacy concern where the app shares your transactions with other users, I’d still recommend it.


  • Convenient
  • Revolutionary as it offers both e-wallet and social tools
  • PayPal connectivity
  • therefore, usable across multiple platforms.


  • Recipients need to install Venmo too
  • May share your transactions with other Venmo users unless privacy settings are changed
  • Poor query response.

Interface 10

Key Features 9

Usability 10