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Software · head to head

Remitly vs Venmo

Remitly logo

Remitly

Software

Send money faster to loved ones abroad

From
On request
Rated
-
Full reviewWebsite
Venmo logo

Venmo

Software

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 no fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor; 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.

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 (Unknown).

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

  • Sending cross border remittances from a phone or browsernot Venmo
  • Delivering funds to bank accounts, cash pickup and mobile wallets abroadnot 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

  • No fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor
  • The Express and Economy delivery options have no published price difference

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 sending cross border remittances from a phone or browser, delivering funds to bank accounts, cash pickup and mobile wallets abroad. Of those, sending cross border remittances from a phone or browser and delivering funds to bank accounts, cash pickup and mobile wallets abroad 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.
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