Summary
Venmo is a mobile payment service that allows users to send and receive money, split payments, and make purchases. It also offers features like a credit card, debit card, and the ability to buy and sell cryptocurrency within the app.
Features7/15
See allMust Have
3 of 5
Transparent Low Fees
Borderless Debit Card
Fast Transfer Execution
Mid-Market Exchange Rate Transfers
Multi-Currency Account
Other
4 of 10
Business Account Features
Mobile App
Regulatory Compliance
Customer Support
Batch Payments
API Integration
Real-Time Rate Alerts
Invoice Creation
Spending Analytics
Multi-User Access
Rationale
Venmo offers peer-to-peer payments, a debit card, and business profiles, aligning with some of the 'other' features. However, it does not explicitly state support for mid-market exchange rates, multi-currency accounts, or international transfers as a core offering, which are must-have features for Wise. While the debit card can be used worldwide, the primary focus of Venmo is domestic US payments.
