Personal Finance · head to head
Cash App vs Venmo
The short version
- Each has a real cost: Cash App the App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.; Venmo instant transfer costs 1.75 percent with a minimum fee of 0.25 USD and a maximum of 25 USD, while the free standard transfer takes 1 to 3 business days
- They diverge on capability: Cash App covers Direct deposit, Venmo covers Bill splitting.
Where they differ
Only the attributes on which Cash App and Venmo actually diverge.
Identical on both: starting price (Free), pricing model (free), free tier (Yes), user rating (Not yet rated), category (Personal Finance).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Cash App
- Direct deposit
- Bitcoin trading
- Stock investing
- Cash Card
Only in Venmo
- Bill splitting
- Social feed
- Transaction history
- Debit cards
- Web support
Both cover
- Money transfers
- Bank accounts
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Cash App
- Budget Managementnot Venmo
- Expense Trackingnot Venmo
- Investment Trackingnot Venmo
Venmo
- Splitting bills and reimbursing friends in the United Statesnot Cash App
- Accepting payments through a Venmo business profilenot Cash App
- Buying and holding cryptocurrency inside the payments appnot Cash App
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Cash App
- The App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
Venmo
- Instant transfer costs 1.75 percent with a minimum fee of 0.25 USD and a maximum of 25 USD, while the free standard transfer takes 1 to 3 business days
- Sending money funded by a credit card carries a 3.00 percent fee
- Cryptocurrency fees are tiered by trade size, from 2.20 percent on purchases of 1.00 to 74.99 USD down to 1.50 percent above 1,000 USD
- Business profile payments cost 1.9 percent plus 0.10 USD, and Tap to Pay costs 2.29 percent plus 0.09 USD
Pricing, plan by plan
Cash App
Free- FreeFree
- Money transfers
- Direct deposit
- Mobile app
- Cash App Investing$undefined/month
- Stock trading
- Bitcoin trading
Venmo
Free- FreeFree
- P2P transfers
- Bill splitting
- Mobile app
Which should you pick?
Choose Cash App if
- You need direct deposit.
- You want to start without paying.
- You work on IOS, Android.
- You also want bitcoin trading.
Choose Venmo if
- You need bill splitting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want social feed.
Questions people ask
- Is Cash App or Venmo better?
- Neither clearly leads. Cash App starts at Free and Venmo at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Cash App or Venmo?
- Cash App starts at Free and Venmo at Free.
- Does Cash App or Venmo run on more platforms?
- Cash App runs on IOS, Android. Venmo runs on Web, IOS, Android.
- Can I use Cash App for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Cash App best used for?
- Cash App is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Venmo is typically brought in for.
- What can Cash App do that Venmo cannot?
- Cash App covers Direct deposit, Bitcoin trading, Stock investing, Cash Card. Venmo covers Bill splitting, Social feed, Transaction history, Debit cards. Both handle Money transfers, Bank accounts, IOS support, Android support.