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Venmo Reviews

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About Venmo

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Venmo facilitates digital payments and social commerce. Users can send and receive money, split bills and make purchases through the app, integrating with bank accounts and credit cards. Founded in 2009, Venmo incorporates social features, allowing users to interact and share payment activities.

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Pros
  • User-friendly interface
  • Fast transaction processing
  • No fees for bank transfers
Cons
  • Privacy concerns with transactions
  • Poor customer service experience
  • Account freezing issues

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Venmo Reviews

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    Customer ServiceSales & Marketing

    Reviewed Aug. 18, 2026

    Poor customer service and no regard for users who are scammed.

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    Customer ServiceSales & MarketingStaff

    Reviewed Aug. 16, 2026

    I was a victim of a scam. When reporting this I was told that they couldn't help me because I initiated it. Even though it was a scam and I had the emails and fb messages they are protecting the villain. Their response was "because it is an actual live account" well so is mine. DON'T TRUST THIS COMPANY to have your back. They support fraud.

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      Customer ServicePriceRefunds & Payouts

      Reviewed Aug. 15, 2026

      Worst customer service ever! I was charged twice and they wouldn't give a refund. I showed them proof and they just kept saying can't give me a refund. Such bullshit! This is the second time I've had to talk with them. All foreigners too

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      Customer Service

      Reviewed Aug. 14, 2026

      Transferred $210 to my checking account... They withdrew it from my checking. Customer service Sucks!!!

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      Customer ServiceCoverageSales & MarketingOnline & AppMaintenanceStaff

      Reviewed Aug. 14, 2026

      My Venmo was suspended for 6 months and I had tried reaching out to fix it multiple times with multiple customer service employees and it never got anywhere. However today I talked to someone named Arjean and they got it fixed within five minutes. Arjean if you're reading this you deserve a raise and these five stars! Besides that everyone else that works there and the app in general is a one star.

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      Customer Service

      Reviewed Aug. 13, 2026

      They stole a friend of mine's money and told him that they don’t have it, they sent it back to my bank. When my bank got on the phone with them and said that they can send proof that the money did not come back to me. The lady did not provide an email and got silent. Venmo is the absolute worst banking service that I have ever come across, and when this issue is resolved, I will be closing my account and never returning!

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      Customer ServicePricePunctuality & SpeedOnline & AppStaffBillingRates

      Reviewed Aug. 12, 2026

      Venmo has a really terrible customer service. I was their user for credit card until recently that I got charged late fees and interest charges randomly because their app didn’t work. There was no way to easily resolve this until I made a payment over the phone and it worked. Well not really. 20 days later I found out that payment had failed and I got random charges. I called customer service but no one helped. So I cancelled my credit card

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      CoverageTechPricePunctuality & Speed

      Reviewed Aug. 10, 2026

      Two Recent transactions were not covered under the "Customer Protection" plan because, one was reported 1 day late and the other was done as a "Friend or Family" denounced to me, I followed what the contractor asked me to do so he would not get charged by Venmo, And now I know, so I could not dispute the charge because he did not plan to complete the work.

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      Customer ServicePunctuality & SpeedMaintenanceStaffRatesTransparencyCommunicationFollow-Through

      Reviewed Aug. 7, 2026

      I have been a loyal Venmo and PayPal customer for years, but this has been one of the most frustrating customer service experiences I've ever had. Venmo has been holding over $500 of my money for five business days. I was originally told the transfer would take 3–4 business days. On the fourth business day (Aug 6th), the Venmo app showed my transfer as pending and stated that my funds would be available on August 6. At the same time, my bank account showed the transaction as processed, and the Venmo website also indicated it had been processed. Despite all of that, my money was still unavailable in my Venmo account. I called customer service on August 6 and was assured & guaranteed that my funds would be available by the end of the day. That promise was not kept.

      When I called again the following day, the first representative I spoke with was extremely rude. He repeatedly interrupted me and talked over me instead of listening to my concerns. I eventually requested to speak with a supervisor. Unfortunately, the supervisor wasn't any more helpful. She couldn't explain why the Venmo app and website were showing conflicting information, didn't escalate my issue, and simply repeated that I would receive my money "sometime today" (Aug 7th) without providing any explanation or estimated timeframe.

      What is most disappointing is how little urgency or concern anyone showed. To Venmo, this may be just another support ticket, but to me, this is MY money. I needed these funds to buy school supplies and clothing for my children, and instead I was left waiting with no clear answers, inconsistent information, and broken promises.

      Considering Venmo is owned by PayPal, I expected a much higher level of customer service and accountability. Instead, I experienced poor communication, unfulfilled commitments, and representatives who seemed more interested in ending the conversation than resolving the issue. I sincerely hope no one else has to go through this experience. Based on the way this situation has been handled, I cannot recommend Venmo.

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      Customer ServiceTimeliness

      Reviewed Aug. 7, 2026

      I transferred funds on Monday, funds were supposed to be deposited on the 6, and it’s now the 7th. It supposed to be 3 business days and it’s now been 5 and they have no response except to say it will be available most likely tonight, maybe.

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      StaffBilling

      Reviewed Aug. 5, 2026

      My VISA credit card has been getting VENMO withdraw transactions from yesterday (4 august) and again today. I never had a Venmo or PayPal account ever. I have cancelled my card and placed and complaint from my credit union. This company needs to be stopped from this type of theft. I would like to know if there is a law suit presently against this company especially when there is no know transaction that I did to warrant this attack! My son, who is with a different bank has had the same thing happen. I would like to know if other people have had the same thing happen. we never use these pay systems. HELP.

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      Customer Service

      Reviewed Aug. 3, 2026

      0/10. Need to be shut down IMMEDIATELY!!! 0 customer service experience. Nothing is a timely manner and everything is inconvenient!!!!!

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      StaffHonesty & Transparency

      Reviewed July 31, 2026

      Terrible dishonest company with helpless employees that are not trained.

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      Contract & TermsResolutionTimeliness

      Reviewed July 23, 2026

      Venmo has wrongfully deactivated my account and is withholding $2,400.00 of my personal property under a vague automated claim of a "user agreement violation." This restriction happened the exact same day I received my physical Venmo debit card in the mail, which proves their automated security algorithm flagged my account in error due to a standard "rapid cycling" bot mistake.

      The $2,400.00 was a legitimate peer-to-peer transfer sent entirely from a friend’s internal, settled Venmo balance. Because these funds cleared internally within the platform, Venmo faces absolutely zero financial liability, bank recall risk, or chargeback exposure. Furthermore, the sender's account remains completely active and unrestricted, and they have already contacted support to confirm that this transaction is 100% authorized.

      I have already fully complied with Venmo's security protocols and successfully uploaded my valid government-issued photo ID to verify my identity. Withholding $2,400.00 of a consumer's cash balance when there is no active financial dispute or loss risk constitutes an unfair and deceptive business practice. I have officially escalated this matter by filing formal complaints with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB), and have issued a direct demand letter to PayPal Executive Escalations. I demand an immediate manual compliance review of my uploaded ID and the immediate release of my $2,400.00 balance to my linked card.

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      Customer ServiceSales & MarketingPunctuality & SpeedOnline & AppStaffBillingRates

      Reviewed July 22, 2026

      If I could rate this lower I would. I have used Venmo for years with never an issue up until 1 month ago when I went to pay our tutor $25. The same amount I've paid to them for years no issues. All the sudden I can't send money says to use a balance or another account. Tried the balance, doesn't work. Tried another form of payment, doesn't work. Tried again a week later, days later, going on one month, still can't pay anyone. My bank though has no issues sending money and receiving money from the Hardrock Bet app. Not a one. Call customer service to be told, "Your bank is fine. There are no issues."

      When I bring up I can't send payments to anyone I was told because it was flagged for fraud, to give it 24 - 48 hours. When I said that didn't work nor does a $10 transaction to a person it's been going to for a year make sense to flag as fraud but thousands to a betting site seems legit. I'm then told to delete my bank information and reenter it, but when we try that NOT ALLOWED, linked to a business.

      When I tell them I have a screenshot they say, "I'll just do it for you. Delete the app, restart your phone and log back in." I asked to speak to anyone who could provide answers because what you're saying doesn't make sense. They stated themselves that the bank was working, that it should work again in 48 hours max, and when it didn't repeated all the same BS above. ZERO HELP, zero knowledge and when I asked to speak to someone who knows the IT side or better understands their error messages was told no one else in the company can speak to customers, and they can respond to emails, but that if I tried I would only hear back from the same people.... Got no issues using any other cash app since no one there seems to give a crap and wants to help.

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      Refunds & Payouts

      Reviewed July 19, 2026

      I completed a job for someone out of town and they sent me over $3,000 and Venmo only let me get out $1,100 and now there's over $1,800 my account and they locked it and they're not letting me access it so yet now I will never use them again as soon as I get my money out and I am consulting an attorney on this situation.

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      PricePunctuality & SpeedRefunds & PayoutsStaffTransparency

      Reviewed July 15, 2026

      Stay as far away from Venmo as you can, they allow additional charges to your account that you did not authorize and when you try to dispute them they deny you with no understandable reason. A $30 charge turns into a $55.00 charge two or three days later with no explanation. This has happened to me on multiple occasions.

      Today charged $31 at Shake Shack and Venmo took $65.51 then told me my account was overdrawn and wanted me to add more money to my account. Good luck trying to cancel your account, especially if you have any teen accounts. When I was finally able to reach a real person they told me I had a teen account which needed to be cancelled. Did that, then they told me I had a $10 balance in my account and I would need to make a transaction to move the money back to my bank before they could close my account, WTH they just made me add additional money to bring my balance to $0!!!!! STAY AWAY from these thieves. Zelle, Paypal anything is much much better. There should be a class action suit against this company.

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      Reviewed July 14, 2026

      Do not like one bit. Opened an account tried to pay someone, still trying. This app stinks.

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      Customer ServicePunctuality & SpeedRefunds & PayoutsStaff

      Reviewed July 11, 2026

      Venmo do better!!! We opened a teen account for my daughter’s birthday yesterday. When people tried to send her money for her birthday, they flagged it as suspicious activity. They suspended not only her account but mine. I do not have access to ANY of my money right now as I moved my money into my Venmo account for an upcoming hockey trip.

      They stated it would be 5-8 business days before I get an email to submit proof of whatever they need to prove it’s not fraud. I explained that is my ONLY source of money at the moment. I am unable to pay for my electric, food, and trip. I have to wait what could be 8 business days just to get the email and then potentially longer to get my account unlocked. In their policy they stated they can hold my money up to 180 days. How is this legal? Venmo is a thief and they DO NOT care about their customers. I would recommended using anything else unless you don’t want access to your funds. Zelle will have a new customer as of now!

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      Customer ServiceRefunds & PayoutsBilling

      Reviewed July 6, 2026

      Long story short, I sent $600 to a friend and Venmo initiated a refund when they couldn't withdraw the money. I then spent 3 weeks going back and forth with my bank and Venmo because Venmo claimed the refund was successfully completed and my bank has no record of the refund. I sent Venmo my entire bank statement for that period of time to show it never came through. I sent them messages from my bank doing they have no record or trace of that refund.

      Every time I had to contact Venmo "support" I got a different story, giving me different numbers, one telling me a dispute was open and the next saying there was no such dispute, finally getting an email from support and I can't open it because the formatting was off the email wouldn't load right. Called support again and they said the venmo.com email address wasn't from venmo at all, and asked if I was trying to make a payment after clearly stating emeritus that had happened to that point. The next said the email actually was from venmo, and gave me another number to give my bank, which I did. Still no trace of this supposed refund. Venmo/PayPal says sucks to be you, we refunded the money so not our concern. Kick rocks.

      Not only is their customer "support" hot garbage, but a multi billion dollar company can't make sure you get your money. But they will make sure they get theirs, I know if you or I owed venmo and I sent a payment through my bank, if they didn't get it they would make me figure it out and they would get their money out of me no matter what. I'm deleting my venmo and all PayPal associated accounts, I'm not supporting billionaires ripping off people just trying to make their bills. Included a couple screenshots to show this is my true experience.

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      Reviewed July 4, 2026

      We're sad going through this. Unfortunately we're suing Venmo/PayPal for the amount of $100k. We're preparing lawyers and the whole team. Probably I'm not the first one going through this.

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      Reviewed July 4, 2026

      Venmo is a steaming pile of dookie... the worst cash service out there by a long shot... absolute trash. PayPal is just the same. BOYCOTT THIS WORTHLESS COMPANY.

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      Sales & MarketingStaff

      Reviewed July 2, 2026

      I am so tired of this sorry excuse of a business. Not one time in a decade has a transaction ever just went thru without it causing extreme anger, several days and having to argue with the most pointless and completely useless bots and staff. How are they still allowed to be in business? Why the hell hasn't anyone intervened and shut this absolute scam of a service down yet?? I have had 200 in my Venmo account for sometime. I cannot do anything with. It will not let me transfer the money out to myself or to anyone else. I cannot add a card or remove a card. There is not one function or this scam of a service that actually works and I'm about to lose my goddamn mind over it because I'm so sick to death of dealing with it and getting nowhere.

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      Customer ServiceSales & MarketingRefunds & PayoutsStaff

      Reviewed July 1, 2026

      June 11, 2026. $70 for a party that never happened. Venmo is part of PayPal. I hired someone to do a paint party for a blind person and I paid them seventy dollars through venmo. She decided not to do it and said my money was nonrefundable. When I was in the middle of doing the dispute with one of the agents online, I got a email saying it was denied. The reason was I hadn't sent anything yet. The agent said I haven't even submitted anything yet so he appealed it. So I ended up losing seventy dollars, and every time it's time I try to appeal it, they tell me I can't. It was definitely a scam and fraud. She never said it was nonrefundable when I paid her. And she suddenly states that if I don't have twenty people, I have to pay for the people who don't show up, which she had never said.

      Then, she tells me that my blind lady. It has to touch a picture to paint it. Which my blind lady could not just touch a picture and paint it. Then, she started saying, how she had a little girl, and I only paid for 3 hours of her time, which we never discussed how long it was. Bottom line. Venmo and paypal support the fraud and scammers. I sent all my information in and they wouldn't even look at it. They denied it before the agent was even done taking my information for the dispute. The agent that was taking my information to start the review said that he had not even submitted it yet when I told him I got an email saying it was denied. So he appealed it, and they sent me an email right away saying I couldn't appeal it.

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      Verified purchase
      Billing

      Reviewed June 30, 2026

      Venmo is keeping your money as long as possible. I recently tried to pay a business and Venmo is pending the payment. How long? Who knows! So, my money is gone and the business I tried to pay is out too. Venmo needs to be investigated. They can take my 16 cents. FCC, where are you?

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      Sales & MarketingPunctuality & SpeedOnline & AppStaffBilling

      Reviewed June 29, 2026

      On June 20, 2026, a customer sent me $3,000 through Venmo. After deducting their service fee, Venmo showed that I would receive $2,968.51, with an estimated deposit date of June 24 (after three business days). On June 24, I opened the Venmo app to check the transfer. Instead of receiving my money, the app simply changed the estimated date to another three business days later. I decided to be patient and waited. Today is June 29—six business days have now passed. I checked my account again, and once again Venmo has pushed the transfer back by another three business days, now estimating July 1. Including the weekend, that means I will have waited a total of nine days for a simple bank transfer.

      The money has already been taken from my customer's account, yet Venmo continues to hold the funds while repeatedly extending the transfer date. I do not consider this professional or acceptable. Based on my experience, this will be my last transaction through Venmo. Going forward, I will no longer accept payments via Venmo, and I cannot recommend this service to others.

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      Customer ServicePriceStaffBilling

      Reviewed June 26, 2026

      I spent 30 minutes on the phone with a customer rep. I can't send money to anyone because the security system has decided I can't. There's nothing they can do they said my account could be indefinitely locked or not. They don't know when or if it will be unlocked. There's no reason as to why it was locked or why it won't send money. They said I'm in good standing, I have no issues but again can't send any money. They say the system decided I can't send money and there's nothing they can do about it. He tells me I should attach a different card to the Venmo account and if I attach a credit card that I'm probably going to get charged a service fee from the credit card as a cash advance. What kind of ** sense does that make?! Venmo's customer service is absolutely useless.

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      Customer ServiceRefunds & PayoutsHonesty & Transparency

      Reviewed June 25, 2026

      Venmo claims to have refunded $500 to my debit card after I cancelled a purchase between a private seller and myself. This was on April 21, 2026. As of today, Venmo has rejected 5 of my disputes, claiming that in fact my funds were restored to my debit card. I have visited my credit union manager 5 times about this. Each time, she has confirmed that the $500 refund has NEVER showed up on my bank statement. Now I am dealing with Card Member Services, who claim that it takes up to 90 days to remove a dispute. Why? This is a very simple transaction. When this is resolved I am cancelling my Venmo account. Their "customer service" sucks, and they are dishonest.

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      Staff

      Reviewed June 25, 2026

      Stay far away from Venmo. Worst of the worst. They don't help in any way Chime or GO2bank.

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      Customer Service

      Reviewed June 24, 2026

      Do not do the Venmo business. They’re holding over $700 of our money, because we’re a “new account” and haven’t done successful transaction yet, but that’s because they’re holding the money! Terrible customer service. As soon as our money is released we are cancelling this business account.

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      Refunds & PayoutsStaff

      Reviewed June 19, 2026

      No stars at all. I’ve been back and forth with Venmo for two weeks now over a $1000 was taken outta my account. There was a transaction made that I did not make and you guys will not give me my money back. This is just ridiculous. When I’ve told you people over and over I’m NOT THE ONE THAT MADE THIS TRANSACTION. And you guys just CAN'T SEEM TO HELP ME. KEEP TELLING ME YOU KEEP opening my case, but it keeps getting closed. So I’m not understanding what’s going on but $1000 was taken out of my account and I would sure like my money back because I did not do any of this.

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      Customer ServiceCoverageTechPricePunctuality & SpeedRefunds & PayoutsStaffBillingTimeliness

      Reviewed June 18, 2026

      I would give negative stars if I could. Six days ago, I received 5 emails from Venmo, all sent within a minute of each other. Each was informing me that a charge from "whatnot inc" was declined by my bank. One for $900, the next for $600, then lesser amounts with each subsequent email. The last email stated "whatnot inc" has been successfully removed from your account. First, I never added "whatnot inc" to my account. I used the chatbot- worthless. Got into a real person chat with someone named Ditma and explained the emails I received. She could not understand what I was talking about. She eventually understood, or so I thought and she said she would report it and flag the "whatnot inc". She stated this was an person using that name, not the online auction site.

      I thought I was done. Nope. Next day the exact same emails again from "whatnot inc" and the final email stated "whatnot inc" had been successfully removed from my Venmo account. Another chat with someone whose name I could not understand ensued. This person used the terms 'bad actor' to describe "whatnot inc" and said she would report this to their internal fraud folks and 'block' them. Next day...exact same emails...EXCEPT...the $600.48 was approved and showed on my Venmo account as a real charge. I immediately called my bank (not Venmo chat), explained the issue and they informed me the charge had not come through yet so they would put a stop payment for $600.48. I got the customer service telephone number for Venmo/PayPal. After being on hold for 27 minutes, someone answered and after hearing my story said "unfortunately, I can't help you with that and I'll need to transfer you to the fraud dept".

      I explained how long I had been waiting and would prefer not to wait much longer. She asked me to stand by. 8 minutes later she came back on the phone apologetically saying "unfortunately there are long wait times." She put me through to the fraud line...which continually repeated that if I wanted a call back, without losing my place in line press a number...I did and hung up. 30 minutes later I got a call from someone who appeared to have a good handle on things. She understood the emails, the declined charges, the approved charge, the 'bad actor' "whatnot inc" and said she would open a case for me. She said I should hear something quickly because this is definitely a 'bad actor' (same term the other one used). I received an email within a couple of minutes of hanging up with her, giving me a case number and promising quick action. I felt pretty good at this point.

      Next day I recd an email stating Venmo had ruled in favor of me and would be refunding $600.48 to my account. I logged into my bank acct and found that my bank had already debited and credited $600.48 at the same time x essentially paying the charge and crediting the charge back to my acct. I was out nothing at that point. Next day I received $600.48 from Venmo deposited into my bank account. At the same time as the Venmo deposit into my account, I received an email from Venmo stating my bank stopped payment for a charge from "whatnot inc" for $600.48. And then the email stated "But don't worry, we covered you". The email then demanded that I log in and repay Venmo $600.48. At this point, after remaining calm for six days as Venmo fumbled around and did nothing to stop a known bad actor...I flipped out. What a joke of a corporation. The Attorney General is involved now.

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      Customer ServiceRefunds & PayoutsStaffBilling

      Reviewed June 18, 2026

      I’ve been using Venmo for a lot of years now. In fact the last couple years I've probably sent over $30,000 through Venmo. My credit card through my checking account has been hacked so I needed to transfer the money out of my checking account to Venmo so I could pay bills. Never had a problem with this until today.

      I only tried to send over $2000. My checking account shows that it’s over there and Venmo shows that it’s there. So I went on the chat to see if I could get it released so I could use it to pay my bills and my son is homeless in Massachusetts and he needed food.

      Venmo shows me that they have the money but the agent that was on the chat line told me that it would not be released until June 24. Originally they said 3 to 5 days. Now she’s telling me that they’re keeping my money until next Wednesday? I may have to contact the FDIC to get it released. That is just ridiculous. My son and I are already starting to make changes so we never have to use Venmo again. I hate working with people through an online chat but I could not get through a regular phone call. There’s no humanity in the agents voice and attitude through the chat. I’m finished with Venmo! I wish I had thought to make a copy of the chat that we did. But people should not be using Venmo anymore.

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      Customer Service

      Reviewed June 17, 2026

      I have never had a worse customer service experience. The poor individuals who answer your call after one hour of going through meaningless menus and selecting options that do not even apply to your issue are amazingly apologetic, which means, they also know that Venmo's customer service is HORRIBLE. PayPal, here I come.

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      Refunds & PayoutsHonesty & Transparency

      Reviewed June 17, 2026

      Venmo is dishonest. I had a refund from a merchant. The merchant provided documentation proving that they had sent the refund back to my venmo account. Venmo denied receiving the funds and refuses to credit my account. They are liars and cheaters. DO NOT USE VENMO!!

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      Customer ServicePunctuality & Speed

      Reviewed June 15, 2026

      What a horrible company. My account was hacked so I was advised to close it and open a new one. However, I have never been able to open a new one. I keep getting messages regarding the closed account. But the worst thing about Venmo is that they set up their customer service department so that they would never have to speak to anyone! They just have useless automated voice prompts that direct one to their FAQ pages. So arrogant!

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      Punctuality & SpeedHonesty & Transparency

      Reviewed June 15, 2026

      Terrible. You can't speak to anyone and they make you jump through time consuming hoops to close a business profile. If a mistake is made they won't make good on it claiming tax law. Note: Any business can give a customer money, the tax statement is just dishonest. Can't wait for the competition to catch up and move from this trashy platform.

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      Customer ServiceStaff

      Reviewed June 13, 2026

      Awful!!! I made a transfer from my bank to Venmo on June 8 for over $500 and it said it would be complete by June 12th into my account. June 12th comes around and still not in my account so I contact them multiple times. Each time they said rest assured it would be in my account by the end of the day. Mind you I'm on vacation in Mexico now without my money. I call today, June 13th. They tell me oh well it won't be available until the end of the day on June 15th because that's the 5th business day. Sorry for the inconvenience. I said I was told over and over it would be in my account and the end of the business day on June 12th and that's what it says on your app. "I understand your concern" is all she kept saying. DO NOT DO BANK TRANSFERS!

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      Sales & MarketingOnline & AppStaff

      Reviewed June 13, 2026

      Going on day 8 of a bank transfer into the app. Support said the day in Venmo is an estimate, it will be the day after estimated date. Reach out day after estimated date, Venmo support says now it shows tomorrow by 11:59pm.. That time comes and passes, bank transfer is still not in my account. It took 1 day for the funds to leave my bank account yet going on the better part of 2 weeks before it actually releases into my account. Online support is a joke, they kick the can until the weekend. Weekend support is automated but it’s very kind to remind you that Venmo cannot expedite a funds transfer. Smh, sad. Sad. Sad. Garbage app.

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      Customer ServiceStaffBilling

      Reviewed June 12, 2026

      I have been attempting to resolve a payment issue with Venmo for over two years with no resolution. I accidentally sent multiple payments totaling to my brother's secondary Venmo account, which he no longer has access to. When he attempts to log in, the system indicates the account no longer exists. My brother and I have both contacted Venmo on multiple occasions via phone and chat. Each time, we are told the same thing: he needs access to the account to authorize the reversal. When we explain that the account no longer exists in their system, we are given no alternative solution — just notes left on the account and instructions to call back.

      During my most recent chat, agent Saipoorna confirmed that my brother simply needs to call and provide verbal authorization — even without account access. He has done exactly that, multiple times, and still no resolution. This is $205.00 sitting in an account that Venmo's own system has rendered inaccessible. No user can access it. No one can authorize from it. Yet Venmo continues to hold these funds with no clear path to resolution.

      I have now filed a formal complaint with the Consumer Financial Protection Bureau (CFPB). I am sharing this review so other users are aware that Venmo has no adequate process for resolving payments sent to deleted or inaccessible accounts — and that their customer service, while sometimes polite, is not empowered to actually solve the problem. If you are experiencing something similar, I strongly recommend filing a CFPB complaint at consumerfinance.gov. It is free, takes less than 15 minutes, and companies are required to respond within 15 days.

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      Venmo author review by Tammy Burns

      Venmo, owned by PayPal, was founded in 2009 and is headquartered in New York. The service lets individuals easily pay one another for their part of a restaurant check, group-purchased gift, utility bill and more. It is popular among younger customers and college students.

      • Facebook: New users have the option of signing up for a Venmo account with their Facebook login credentials, which makes signing

      • App: Venmo’s app, available for iOS and Android devices, allows customers to send and receive money easily using their mobile device.

      • Fees: Users who send money from their Venmo account, a linked bank account, a debit card or a prepaid gift card do not pay any transfer fee. Those who use a credit card must pay a three percent fee. There is no charge for paying for purchases in other mobile apps using a Venmo account. Receiving money is also free.

      • Payment options: Venmo users can pay for several other services and products in third-party apps, like Gametime and Parking Panda.

      • Request feature: When friends agree to pay a customer using Venmo, the customer can send a reminder with the click of a request button in the app. This feature removes the awkwardness from reminding others they owe the user money.

      by Tammy Burns Deputy Editor, Personal Finance

      A former finance phobe, Tammy now devotes her career to ensuring that people don’t make the same money mistakes she once did. Her work has appeared in Fortune, the Toronto Star, Advisor’s Edge, Greedy Rates, and Money Under 30. She joined ConsumerAffairs in 2023. Tammy studied magazine publishing at Toronto Metropolitan University and has a BA in psychology from York University, and her earlier journalism took her from editing law books to writing restaurant reviews to reporting live from the Eyjafjallajökull eruption in Iceland. A part-time digital nomad, Tammy calls Toronto home but has also lived in Chiang Mai, Prague, Glasgow and rural Crete.

      Venmo Company Information

      Company Name:
      Venmo
      Website:
      venmo.com