Softwr

Personal Finance · head to head

Remitly vs Venmo

Remitly logo

Remitly

Personal Finance

Send money faster to loved ones abroad

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: Remitly specific transfer fees and exchange rates not published on website; users must check rates page; 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: Remitly covers International remittances, Venmo covers Money transfers.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Remitly and Venmo actually diverge.

Attributes where Remitly and Venmo differ
AttributeRemitlyVenmo
Starting priceOn requestFree
Pricing modeltransactionfree
Free tierNoYes
Founded20112009

Identical on both: platforms (Web, IOS, Android), 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 Remitly

  • International remittances
  • Multiple delivery methods
  • Send money to 200+ countries
  • Currency conversion

Only in Venmo

  • Money transfers
  • Bill splitting
  • Social feed
  • Transaction history
  • Debit cards

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

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

Remitly

  • International money transfer and remittance servicenot Venmo
  • Cross-border payments for personal financial needsnot Venmo

Venmo

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

Where each one falls short

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

Remitly

  • Specific transfer fees and exchange rates not published on website; users must check rates page
  • Costs vary by destination country, transfer amount, and delivery method
  • No standardized fee schedule available for pricing comparison

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

Remitly

On request
  • Express$undefined/month
    • Fast transfers
    • Multiple delivery methods
  • Economy$undefined/month
    • Lower cost option
    • 3-4 day delivery

Venmo

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

Which should you pick?

Choose Remitly if

  • You need international remittances.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
Remitly 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 Remitly or Venmo better?
Neither clearly leads. Remitly 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, Remitly or Venmo?
Venmo has a free tier; the other does not. Paid plans start at On request for Remitly and Free for Venmo.
Does Remitly or Venmo run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Venmo for free?
Yes. Venmo has a free tier, so you can try it without paying. Remitly starts at On request.
What is Remitly best used for?
Remitly is most often used for international money transfer and remittance service, cross-border payments for personal financial needs. Of those, international money transfer and remittance service and cross-border payments for personal financial needs are not what Venmo is typically brought in for.
What can Remitly do that Venmo cannot?
Remitly covers International remittances, Multiple delivery methods, Send money to 200+ countries, Currency conversion. Venmo covers Money transfers, Bill splitting, Social feed, Transaction history. Both handle Bank accounts, Web support, IOS support, Android support.

Answered from the vendors’ own pages

Remitly: How much does Remitly charge for transfers?

Remitly fees vary by destination country, transfer amount, and delivery speed. The company emphasizes no hidden fees but does not publish a standardized rate table on their main site. Users must visit the Rates and Fees page or enter transfer details in the app for specific pricing.

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

No, the Venmo Credit Card has no annual fee.

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 Remitly

More on Venmo

Keep looking

Other head to heads