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Venmo vs WorldRemit

Venmo logo

Venmo

Software

Money transfer and social payments

From
Free
Rated
-
Full reviewWebsite
WorldRemit logo

WorldRemit

Software

Send money online to 150 countries

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Venmo has a free tier, so it costs nothing to try first.
  • 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; WorldRemit no transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • They diverge on capability: Venmo covers Money transfers, WorldRemit covers International transfers.

Where they differ

Only the attributes on which Venmo and WorldRemit actually diverge.

Attributes where Venmo and WorldRemit differ
AttributeVenmoWorldRemit
Starting priceFreeOn request
Pricing modelfreetransaction
Free tierYesNo
Founded20092010

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 Venmo

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

Only in WorldRemit

  • International transfers
  • Multiple delivery methods
  • Send to 150+ countries
  • Cash pickup option
  • 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.

Venmo

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

WorldRemit

  • Sending remittances from developed markets to 130 or more receiving countriesnot Venmo
  • Paying out to mobile money, cash pickup and bank accounts abroadnot 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

WorldRemit

  • No transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • The amount that can be sent depends on the destination country and receive method rather than a single published cap

Pricing, plan by plan

Venmo

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

WorldRemit

On request
  • Standard Transfer$undefined/month
    • Multiple payment methods
    • Competitive rates
  • Express Transfer$undefined/month
    • Faster delivery
    • Higher costs

Which should you pick?

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

Choose WorldRemit if

  • You need international transfers.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
WorldRemit review

Questions people ask

Is Venmo or WorldRemit better?
Neither clearly leads. Venmo starts at Free and WorldRemit at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Venmo or WorldRemit?
Venmo has a free tier; the other does not. Paid plans start at Free for Venmo and On request for WorldRemit.
Does Venmo or WorldRemit 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. WorldRemit starts at On request.
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 WorldRemit is typically brought in for.
What can Venmo do that WorldRemit cannot?
Venmo covers Money transfers, Bill splitting, Social feed, Transaction history. WorldRemit covers International transfers, Multiple delivery methods, Send to 150+ countries, Cash pickup option. Both handle Bank accounts, Web support, IOS support, Android support.
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Related pages

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