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E-Commerce · head to head

Mollie vs Venmo

Mollie logo

Mollie

E-Commerce

European payment service provider with published per-transaction rates and no monthly fee on the online plan

From
£0.3/transaction
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: Mollie non-European cards cost 3.25% plus 20p against 1.20% plus 20p for UK domestic consumer cards, so a merchant with significant traffic from the US or Asia pays close to triple the domestic rate on that revenue.; 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: Mollie covers Local payment methods, Venmo covers Money transfers.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Mollie and Venmo actually diverge.

Attributes where Mollie and Venmo differ
AttributeMollieVenmo
Starting price£0.3/transactionFree
Pricing modelPer transaction by payment methodfree
Free tierNoYes
PlatformsWeb, iOS, Android, APIWeb, IOS, Android
CategoryE-CommercePersonal Finance
FoundedUnknown2009

Identical on both: 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 Mollie

  • Local payment methods
  • Published rate card
  • Hosted checkout and payment links
  • Subscriptions API
  • Point of sale terminals
  • Plugin ecosystem
  • Multicurrency settlement

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.

Mollie

  • A Dutch or Belgian shop where most customers pay by iDEAL or Bancontact and the flat 30p beats a percentage rate on high-value basketsnot Venmo
  • A small merchant that wants published pricing rather than a sales call before it can model card costsnot Venmo
  • A subscription business in the EEA collecting by SEPA Direct Debit mandate instead of cardnot Venmo
  • A marketplace or platform that needs one integration covering the main European local methodsnot Venmo

Venmo

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

Where each one falls short

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

Mollie

  • Non-European cards cost 3.25% plus 20p against 1.20% plus 20p for UK domestic consumer cards, so a merchant with significant traffic from the US or Asia pays close to triple the domestic rate on that revenue.
  • Coverage is built around European methods, so if you expand into Latin America or Southeast Asia you will need a second processor and a second reconciliation process rather than extending Mollie.
  • The in-person Pro plan requires a one-year contract and charges 20 pounds a month per additional terminal, so a shop with four tills pays 80 pounds a month in terminal fees before any transaction cost.
  • Mollie offers no interchange-plus option publicly, so large merchants cannot see or benefit from falling interchange the way they could on a cost-plus contract with an acquirer.
  • The developer tooling and reporting are lighter than the largest processors, so finance teams that want detailed fee breakdowns or granular reconciliation exports often end up building that layer themselves.

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

Mollie

£0.3/transaction
  • Online paymentsFree
    • No monthly fee
    • UK domestic consumer cards 1.20% + 20p
    • European and commercial cards 2.90% + 20p
  • In person, pay as you goFree
    • No monthly commitment
    • Per-transaction terminal rates
    • One terminal
  • In person, Pro$20/month
    • Lower per-transaction terminal rates
    • One-year contract required
    • Each additional terminal 20 pounds per month

Venmo

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

Which should you pick?

Choose Mollie if

  • You need local payment methods.
  • You work on Web, iOS, Android, API.
  • You also want published rate card.
Mollie 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 Mollie or Venmo better?
Neither clearly leads. Mollie starts at £0.3/transaction and Venmo at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Mollie or Venmo?
Venmo has a free tier; the other does not. Paid plans start at £0.3/transaction for Mollie and Free for Venmo.
Does Mollie or Venmo run on more platforms?
Mollie runs on Web, iOS, Android, API. 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. Mollie starts at £0.3/transaction.
What is Mollie best used for?
Mollie is most often used for a dutch or belgian shop where most customers pay by ideal or bancontact and the flat 30p beats a percentage rate on high-value baskets, a small merchant that wants published pricing rather than a sales call before it can model card costs, a subscription business in the eea collecting by sepa direct debit mandate instead of card, a marketplace or platform that needs one integration covering the main european local methods. Of those, a dutch or belgian shop where most customers pay by ideal or bancontact and the flat 30p beats a percentage rate on high-value baskets and a small merchant that wants published pricing rather than a sales call before it can model card costs are not what Venmo is typically brought in for.
What can Mollie do that Venmo cannot?
Mollie covers Local payment methods, Published rate card, Hosted checkout and payment links, Subscriptions API. Venmo covers Money transfers, Bill splitting, Social feed, Transaction history.

Answered from the vendors’ own pages

Mollie: Does Mollie charge a monthly fee?

Not on the online payments plan. You pay only per successful transaction. In-person Pro is 20 pounds a month.

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
Mollie: Is iDEAL really a flat fee?

Yes, 30p per transaction regardless of the amount, which is why it is cheaper than cards on high-value baskets.

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

No, the Venmo Credit Card has no annual fee.

Source
Mollie: Can I use Mollie outside Europe?

You can accept non-European cards but at 3.25% plus 20p, and merchant accounts are aimed at European businesses. It is not a global processor.

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
Mollie: Does Mollie do interchange plus?

Not publicly. The published rates are blended, so falling interchange does not flow through to you automatically.

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