Personal Finance · head to head
Venmo vs Cash App
The short version
- Each has a real cost: 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; Cash App the App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
- They diverge on capability: Venmo covers Bill splitting, Cash App covers Direct deposit.
Where they differ
Only the attributes on which Venmo and Cash App actually diverge.
Identical on both: starting price (Free), pricing model (free), free tier (Yes), 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 Venmo
- Bill splitting
- Social feed
- Transaction history
- Debit cards
- Web support
Only in Cash App
- Direct deposit
- Bitcoin trading
- Stock investing
- Cash Card
Both cover
- Money transfers
- Bank accounts
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Venmo
- Splitting bills and reimbursing friends in the United Statesnot Cash App
- Accepting payments through a Venmo business profilenot Cash App
- Buying and holding cryptocurrency inside the payments appnot Cash App
Cash App
- Budget Managementnot Venmo
- Expense Trackingnot Venmo
- Investment Trackingnot Venmo
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
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
Cash App
- The App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
Pricing, plan by plan
Venmo
Free- FreeFree
- P2P transfers
- Bill splitting
- Mobile app
Cash App
Free- FreeFree
- Money transfers
- Direct deposit
- Mobile app
- Cash App Investing$undefined/month
- Stock trading
- Bitcoin trading
Which should you pick?
Choose Venmo if
- You need bill splitting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want social feed.
Choose Cash App if
- You need direct deposit.
- You want to start without paying.
- You work on IOS, Android.
- You also want bitcoin trading.
Questions people ask
- Is Venmo or Cash App better?
- Neither clearly leads. Venmo starts at Free and Cash App at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Venmo or Cash App?
- Venmo starts at Free and Cash App at Free.
- Does Venmo or Cash App run on more platforms?
- Venmo runs on Web, IOS, Android. Cash App runs on IOS, Android.
- Can I use Venmo for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Venmo best used for?
- Venmo is most often used for splitting bills and reimbursing friends in the united states, accepting payments through a venmo business profile, buying and holding cryptocurrency inside the payments app. Of those, splitting bills and reimbursing friends in the united states and accepting payments through a venmo business profile are not what Cash App is typically brought in for.
- What can Venmo do that Cash App cannot?
- Venmo covers Bill splitting, Social feed, Transaction history, Debit cards. Cash App covers Direct deposit, Bitcoin trading, Stock investing, Cash Card. Both handle Money transfers, Bank accounts, IOS support, Android support.