Softwr

Accounting · head to head

Invoice2go vs Venmo

Invoice2go logo

Invoice2go

Accounting

Mobile-first invoicing app for small businesses and freelancers

From
On request
Rated
-
Full reviewWebsite
Venmo logo

Venmo

Personal Finance

Money transfer and social payments

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Venmo has a free tier, so it costs nothing to try first.
  • Each has a real cost: Invoice2go starter plan caps invoices at just 30 per year, forcing an upgrade for most active businesses.; 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: Invoice2go covers Invoice creation and customization, Venmo covers Money transfers.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Invoice2go and Venmo actually diverge.

Attributes where Invoice2go and Venmo differ
AttributeInvoice2goVenmo
Starting priceOn requestFree
Pricing modelsubscriptionfree
Free tierNoYes
CategoryAccountingPersonal Finance
FoundedUnknown2009

Identical on both: platforms (web, ios, android), user rating (Not yet rated).

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 Invoice2go

  • Invoice creation and customization
  • Estimates and projects
  • In-app payments
  • Automated reminders
  • Accounting integrations
  • Team member access

Only in Venmo

  • Money transfers
  • Bill splitting
  • Social feed
  • Transaction history
  • Bank accounts
  • Debit cards
  • Web support
  • IOS support

What people use each for

The jobs each tool is most often brought in to do.

Invoice2go

  • Freelancers invoicing clients from a mobile devicenot Venmo
  • Small service businesses tracking estimates and projectsnot Venmo
  • Businesses wanting integrated card and ACH paymentsnot Venmo
  • Businesses syncing invoices with QuickBooks or Xeronot Venmo

Venmo

  • Splitting bills and reimbursing friends in the United Statesnot Invoice2go
  • Accepting payments through a Venmo business profilenot Invoice2go
  • Buying and holding cryptocurrency inside the payments appnot Invoice2go

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Invoice2go

  • Starter plan caps invoices at just 30 per year, forcing an upgrade for most active businesses.
  • Card processing fees are higher than some dedicated payment processors.
  • Accounting integrations are limited to QuickBooks and Xero, excluding other platforms.
  • Premium plan requires roughly $100k+/year revenue to be cost-effective, per its own positioning.

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

Invoice2go

On request
  • Starter$undefined/month
    • 30 invoices/year
    • 3.5% card payment fee
    • Free ACH bank transfers
  • Professional$undefined/month
    • 100 invoices/year
    • 3% card payment fee
    • QuickBooks/Xero integration
  • Premium$undefined/month
    • Unlimited invoices
    • 2.9% card payment fee
    • Recurring invoices

Venmo

Free
  • FreeFree
    • P2P transfers
    • Bill splitting
    • Mobile app

Which should you pick?

Choose Invoice2go if

  • You need invoice creation and customization.
  • You work on web, ios, android.
  • You also want estimates and projects.
Invoice2go review

Choose Venmo if

  • You need money transfers.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want bill splitting.
Venmo review

Questions people ask

Is Invoice2go or Venmo better?
Neither clearly leads. Invoice2go starts at On request and Venmo at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Invoice2go or Venmo?
Venmo has a free tier; the other does not. Paid plans start at On request for Invoice2go and Free for Venmo.
Does Invoice2go or Venmo run on more platforms?
Invoice2go runs on web, ios, android. Venmo runs on Web, IOS, Android.
Can I use Venmo for free?
Yes. Venmo has a free tier, so you can try it without paying. Invoice2go starts at On request.
What is Invoice2go best used for?
Invoice2go is most often used for freelancers invoicing clients from a mobile device, small service businesses tracking estimates and projects, businesses wanting integrated card and ach payments, businesses syncing invoices with quickbooks or xero. Of those, freelancers invoicing clients from a mobile device and small service businesses tracking estimates and projects are not what Venmo is typically brought in for.
What can Invoice2go do that Venmo cannot?
Invoice2go covers Invoice creation and customization, Estimates and projects, In-app payments, Automated reminders. Venmo covers Money transfers, Bill splitting, Social feed, Transaction history.

Answered from the vendors’ own pages

Invoice2go: What does Invoice2go cost?

Invoice2go offers three tiers - Starter (30 invoices/year), Professional (100 invoices/year), and Premium (unlimited invoices) - distinguished by invoice volume and card processing fees from 3.5% down to 2.9%.

Source
Venmo: Is there a monthly fee for the Venmo Debit Card?

No, the Venmo Debit Card has no monthly fee or minimum balance requirement.

Source
Invoice2go: Is there a free trial?

Yes, Invoice2go offers a 30-day free trial that requires a credit card but includes a 100% money-back guarantee if canceled within 30 days.

Source
Venmo: Is there an annual fee for the Venmo Credit Card?

No, the Venmo Credit Card has no annual fee.

Source
Invoice2go: Does Invoice2go integrate with accounting software?

Yes, the Professional and Premium plans include integration with QuickBooks and Xero.

Source
Venmo: Are there fees when buying or selling cryptocurrency on Venmo?

Yes, when buying or selling crypto on Venmo, the company discloses an exchange rate and fees for each transaction. For non-stablecoin currencies, the exchange rate includes a spread that Venmo earns on each purchase and sale.

Source
Share

Related pages

More on Invoice2go

More on Venmo

Keep looking

Other head to heads