Ria Money Transfer vs Venmo
Ria Money Transfer
riamoneytransfer.com
Venmo
venmo.comSide by side
| Figure | Ria Money Transfer | Venmo |
|---|---|---|
| Price from | Free | Free |
| Free plan | Yes | 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 | 8.9 (#7) | 8.3 (#26) |
| Exchange-rate model | markup | markup |
| Upfront fee display | Yes | Yes |
| Mobile platforms | both | both |
| Security | Ria describes multi-factor authentication, identity verification, EV SSL certification, encryption, and 24/7 monitoring as security measures. | Venmo says it encrypts transactions and account information, monitors account activity for unauthorized transactions, and supports multifactor authentication and app PINs. |
| Support | Ria advertises 24/7 support, and its help center says chat support is available in more than 100 languages. | Venmo directs users to its Help Center for customer support and lists automated and live-agent customer service as having no fee. |
| Transfer speed | instant | instant |
| Transfer tracking | Ria provides real-time transfer tracking through its website and app using a transfer PIN. | Yes |
Plans
Ria Money Transfer
- First-transfer promotionFree
- Ria Money TransferFree
- Ria Money Transfer mobile appFree
In their own words
Ria Money Transfer
Ria Money Transfer lets customers send money internationally online, in its Android or iOS app, or at a Ria location. It says it serves more than 200 countries and territories, with recipients able to collect cash, receive a bank deposit, or access funds through a digital wallet. Customers can also pay bills and top up mobile phones for people abroad. U.S. online transfers list debit card, credit card, bank, Apple Pay, and Google Pay as payment methods. Fees and exchange rates depend on the transfer details and appear before confirmation; the exchange-rate model includes a markup. The U.S. site advertises a $0 transfer fee for a first transfer with code HELLORIA, subject to terms and conditions. Transfers can be followed through real-time app updates or with a PIN or order number. Ria describes security measures including identity checks, multi-factor authentication, encryption, EV SSL certification, and 24/7 monitoring. U.S. online limits include USD $14,999.99 every 30 days for non-cash payment methods and USD $495.00 per cash-funded transfer.
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.