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Software · head to head

Square Cash vs Venmo

S

Square Cash

Software

Send money easily with Square Cash

From
Free
Rated
-
Full reviewWebsite
Venmo logo

Venmo

Software

Money transfer and social payments

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Square Cash cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing; 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: Square Cash covers Instant deposits, Venmo covers Bill splitting.

Where they differ

Only the attributes on which Square Cash and Venmo actually diverge.

Attributes where Square Cash and Venmo differ
AttributeSquare CashVenmo
PlatformsIOS, AndroidWeb, IOS, Android
Founded20142009

Identical on both: starting price (Free), pricing model (free), free tier (Yes), 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 Square Cash

  • Instant deposits
  • Customer support

Only in Venmo

  • Bill splitting
  • Social feed
  • Debit cards
  • Web support

Both cover

  • Money transfers
  • Transaction history
  • Bank accounts
  • IOS support
  • Android support

What people use each for

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

Square Cash

  • Budget Managementnot Venmo
  • Expense Trackingnot Venmo
  • Investment Trackingnot Venmo

Venmo

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

Where each one falls short

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

Square Cash

  • Cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing

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

Square Cash

Free
  • FreeFree
    • P2P transfers
    • Instant deposits
    • Mobile app

Venmo

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

Which should you pick?

Choose Square Cash if

  • You need instant deposits.
  • You want to start without paying.
  • You work on IOS, Android.
  • You also want customer support.
Square Cash review

Choose Venmo if

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

Questions people ask

Is Square Cash or Venmo better?
Neither clearly leads. Square Cash 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, Square Cash or Venmo?
Square Cash starts at Free and Venmo at Free.
Does Square Cash or Venmo run on more platforms?
Square Cash runs on IOS, Android. Venmo runs on Web, IOS, Android.
Can I use Square Cash for free?
Both have a free tier, so you can try either at no cost before committing.
What is Square Cash best used for?
Square Cash 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 Square Cash do that Venmo cannot?
Square Cash covers Instant deposits, Customer support. Venmo covers Bill splitting, Social feed, Debit cards, Web support. Both handle Money transfers, Transaction history, Bank accounts, IOS support.
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