Summary
Venmo is a mobile payment service that allows users to send and receive money, split bills, and make purchases with businesses. It offers a debit card and credit card, and also provides business profiles for accepting payments. The platform is primarily focused on domestic transactions within the United States.
Features7/12
See allMust Have
4 of 5
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Bitcoin Trading
Commission-Free Stock Trading
Other
3 of 7
Fraud Monitoring & Security
Instant Discounts & Offers
ATM Access & Fee Reimbursement
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Customizable Card Designs
Rationale
Venmo is a strong match for the Cash App concept. It offers instant peer-to-peer transfers, a prepaid debit card (Venmo Debit Card), and early direct deposit. It also supports Bitcoin trading. While it doesn't explicitly mention commission-free stock trading, it does offer crypto trading. Venmo also highlights security features and offers cashback/discounts with its debit card, and ATM access. The customizable card design and savings with interest features are not explicitly mentioned.
