View and download Venmo vector logo in SVG file format.
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. It handled $12 billion in transactions in the first quarter of 2018. Venmo was launched in 2009 targeting the use case of friends splitting bills, e.g. for movies, dinner, rent, tickets, etc.
By default, Venmo publishes every peer-to-peer transaction (excluding the amount), a feature which was shown by researchers to reveal sensitive details about users’ lives in some situations.
In 2018, the company settled with the FTC about several privacy and security violations related to this and other features, and made changes to the corresponding settings, but it continued to attract criticism for exposing users to privacy risks.
Since 2008, cash transfers using Venmo have not been instantaneous and could be canceled after an initial transfer is sent. Like traditional wire transfers, they can take one to three business days to become final.
In January 2018, PayPal rolled out an instant transfer feature on Venmo, allowing users to deposit funds to their debit cards typically within 30 minutes. A fee is deducted from the amount for each transfer; 1% or $10, whichever is less. The standard bank transfer (typically completed within 1–3 business days) is available for no fee.
Since 2009, Venmo has been the app for fast, safe, social payments between friends. It’s the app where settling up feels like catching up, and where money enhances friendships rather than complicating them. Eleven years, 60 million users, and bajillions of delightful payments (and emojis, and inside jokes) later, we’re still that — and much more.
Now, you can pay with Venmo almost anywhere. You can put Venmo in your wallet, literally, with the Venmo Mastercard® Debit Card. You can connect with brands and businesses just like you do friends. Our community of users like you has led us to where we are today. And we can’t wait to see where you take Venmo next.