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From Wikipedia, the free encyclopedia
Venmo is a mobile payment service owned by PayPal. It allows users to transfer money between one another using a mobile phone app or web interface. Venmo currently has around 203 million active users.[1] It handled 17.6 billion dollars in transactions in 2016 [2] and 6.8 billion dollars in transactions in Q1 of 2017 which more than doubled its volume in Q1 of 2016. [1]
Quick Facts Original author(s), Developer(s) ...
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Original author(s) | Andrew Kortina and Iqram Magdon-Ismail |
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Developer(s) | Venmo, LLC (Subsidiary of PayPal) |
Initial release | 2009 |
Platform | iOS Android Web |
Available in | English |
Website | www |
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Cash transfers using Venmo are not considered instantaneous and can be canceled after an initial transfer is sent. These transfers can take one to several days to transfer. The Better Business Bureau reports some scammers exploit this on Craigslist and other services.[3]