Paysend vs Venmo
Paysend
paysend.com
Venmo
venmo.comSide by side
| Figure | Paysend | Venmo |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 3 | 2 |
| Spec score · Money Transfer Apps | 8.8 (#10) | 8.3 (#26) |
| Spec score · Peer-to-Peer Payment Apps | 8.5 (#7) | 7.9 (#15) |
| Spec score · Digital Wallet Apps | 8.2 (#16) | 7.8 (#30) |
| Upfront fee display | Yes | Yes |
| Founded | LinkedIn lists the company as founded in 2017. | 2009 |
| Headquarters | Edinburgh, Scotland, United Kingdom | San Jose, California, United States |
| Mobile platforms | both | both |
| Security | Paysend’s security article says transfers follow Visa, Mastercard, China UnionPay, FCA, and PCI DSS standards. | Venmo says it encrypts transactions and account information, monitors account activity for unauthorized transactions, and supports multifactor authentication and app PINs. |
| Transfer speed | instant | instant |
| Transfer tracking | Customers can track transfers, and the app provides notifications when money arrives. | Yes |
Plans
Paysend
- Personal international transfer$1.99, paid once
- Enterprise Payout APIPriced on request
- International money transfersPrice not published
In their own words
Venmo
Venmo lets users send money to friends, pay businesses, and check out when shopping. It runs on Android, iOS, and the web, with instant transfers, tracking, and scheduled payments. Users can split group expenses, send gift cards, and add Venmojis or GIFs to payments. Business profiles separate business from personal transactions; businesses can also offer Venmo checkout in apps or mobile websites. With a compatible mobile device, a business profile can accept cards, Apple Pay, Google Pay, and other digital wallets through Tap to Pay.
Venmo says it encrypts transactions and account information, monitors activity for unauthorized transactions, and supports multifactor authentication and app PINs. Eligible purchases may qualify for Purchase Protection when marked as purchases in the app, but payments to people users do not know lack buyer and seller protection. Personal accounts cost nothing for transfers from a balance, debit card, or bank account; credit card payments cost 3.00%, and Instant Transfer costs 1.75% (minimum $0.25 fee, maximum $25 fee). Business profiles have no monthly or setup fees, but transaction fees apply. Venmo use requires being in the United States and having a U.S. bank account.