What is Venmo used for?

Venmo is a mobile payments app for sending money to friends, splitting bills and paying at checkout, with debit and credit card options. It is a good fit for splitting rent or dinner with friends, paying small businesses at checkout and earning card rewards on everyday purchases.

Is Venmo open source?

No. Venmo is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Hyperswitch, Lago and Actual Budget.

What are some alternatives to Venmo?

Venmo competes with PayPal, Cash App and Splitwise.

Venmo: features, pricing and alternatives

About Venmo

Venmo is a consumer payments app for sending money between people. Users can pay friends, split group expenses, schedule payments and send gift cards, and they can add emoji and GIFs to the payments they make. The app keeps an account balance and can also pay from a linked payment method.

Beyond person-to-person transfers, Venmo offers a debit card, a credit card, and a checkout option that lets users pay on participating apps and websites with their Venmo balance. The homepage also describes a rewards program with cash back at selected brands, the ability to buy and sell crypto in the app, and business profiles for taking payments from customers.

Venmo is a hosted consumer financial service accessed through its mobile app and website, and it is not open-source software. Some features, such as the cards and rewards, carry eligibility rules and terms published by the vendor.

Key features

Send and receive money between people
Split group expenses and bills
Venmo debit and credit cards
Checkout with Venmo on participating merchants
Buy, track and sell crypto in the app
Business profiles for taking customer payments

Good fit for

→Splitting rent or dinner with friends
→Paying small businesses at checkout
→Earning card rewards on everyday purchases

Tags: mobile-payments; peer-to-peer; bill-splitting; fintech; debit-card; consumer-finance; checkout

Venmo: questions and answers

What is Venmo used for?: Venmo is a mobile payments app for sending money to friends, splitting bills and paying at checkout, with debit and credit card options. It is a good fit for splitting rent or dinner with friends, paying small businesses at checkout and earning card rewards on everyday purchases.
Is Venmo free?: Yes. Venmo is free to use.
Is Venmo open source?: No. Venmo is proprietary (closed-source) software and can't be self-hosted. In the Finance & Accounting category, open-source options include Hyperswitch, Lago and Actual Budget.
What are some alternatives to Venmo?: Venmo competes with PayPal, Cash App and Splitwise.