Venmo has a rating of 1.6 stars from 84 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers complaining about Venmo most frequently mention customer service, bank account, and business days problems. Venmo ranks 11th among Money Transfer sites.
I use Venmo on a daily basis almost. It's a convenient way to share a bill among friends. It's kind of social media for finances as I can like my friends transactions as well (if they are set to public). I don't like much that PayPal is behind this company but so far it's working smoothly. Yet, I wouldn't recommend to transfer large amounts of money, I limit to around $100, as it isn't bank.
Venmo is a haven for scammers and they will not reverse payments for products or services not received. They said you need to purchase additional purchase protection. I did not know this and would recommend using your bank for transfers such as Zelle.
Was helping out a relative with a few dollars to get them til payday, no problem there, used venmo. I stay on top of my spam filtering with my email account, and rarely if ever use the account for much. As soon as the transaction was processed, I received multiple spam emails from just a few supposed legitimate companies. Coincidence, I think not.
Date of experience: January 9, 2024
I use Venmo on a daily basis almost. It's a convenient way to share a bill among friends. It's kind of social media for finances as I can like my friends transactions as well (if they are set to public). I don't like much that PayPal is behind this company but so far it's working smoothly. Yet, I wouldn't recommend to transfer large amounts of money, I limit to around $100, as it isn't bank.
Date of experience: January 19, 2018
I have been using Venmo for about 3 years. It is useful when going to restaurants with friends and it is difficult to split the bill. I have also found it to be extremely useful in living with roommates. One person will pay for water, PG&E, or WiFi and everyone else will Venmo them for it to split the cost. I dont know anyone in my friend group who doesnt have it. The only problem is that is takes a day or two to process, so if you need the money immediately its probably not your best option. I recommend this app to anyone who is sharing costs of small items.
Date of experience: May 23, 2018
This guys are the worst kinds of of business matt in the dispute is rude dont even look at or help I didn't not make the payment and he said I did wow then I call customer service and they hang up on me how bad they are they don't have a yelp this company not good at all
Date of experience: March 12, 2023
Funds went to different person. I did actually what venmo suggusted and that person will not respond. I contacted venmo they Sent me around to 4 or 5 different people and been in contact with Mark F. They told me try better next time. So going off that they don't know how to fix it and if thats how this app operates then I don't
Want to do business where your not gauranteed the money will not go to the right person. This was my 1st and last time, just horrible experience. Don't choose VENMO use something else. Not worth it. 1 star is to high.
Date of experience: December 8, 2021
Venmo is a complete joke and worthless if you have a problem. Works good if there are no snafus, but I recently had my account locked and am told it would take 7-10 business days for support to resolve the issue. What is the point of an immediate money transfer site if it takes that long to resolve an issue that I have NO idea why my account is frozen.
Date of experience: October 27, 2022
Pending payment with Venmo since 2.16 and they will not release my funds back to my card, even after the Merchant has given authorization to release the funds as the transaction has posted over 2 weeks ago now. Customer service and I use the term loosely is useless. Merchant has called Venmo on a 3 way call advising to release the funds, with me on the line and they still refuse to release the funds back on my card stating today that the funds are lost in transition whatever that means. BBB here I come.
Tip for consumers:
As this card was used, because of the incident in my review, and not wanting it to be against my actual bank account; I would most assuredly advise not to use Venmo even for small transactions.
Products used:
NA
Date of experience: March 8, 2023
Please stay away from this site, they are full of scammers with deceit, if care is not taken, you will lose fortunes to them and they will block you afterwards. I lost so much to these scammers and they thought they could get away with my funds but i took actions on them after i reported my issues, i was able to get back my funds back and brought them to justice.
Tip for consumers:
Don’t use this site, find another because there’s no way to refund unless you report to Chronic Tech Volt on google
Products used:
Chronic Tech Volt
Date of experience: October 27, 2022
I rarely use Venmo. Occasionally to pay a vendor. I've been verified on the app. I've spend weeks trying to send my grandson money for his graduation. He's a verified user as well. The app continues to tell me that there is a problem. I've contacted CS via email and was TOLD, I have the wherewithal to send this money to the recipient. It doesn't work. I called Customer Service and even spoke to a "Supervisor." They said try adding a debit card. Regardless of whether it is a direct debit from my checking account, debit card or credit card - it doesn't work.
They cannot tell me why, nor can they override the block. Their best explanation is that I don't use the service enough. FU. I will not use it again. It is useless. All I want to do is send $5K to my grandson. Have nearly $2M in cash.
When a company doesn't let a supervisor really assist, then they don't trust their employees and they don't trust the users of their service.
Tip for consumers:
N/A
Products used:
N/A
Date of experience: June 15, 2023
Venmo is ok for sending /receiving/ cash and purchase of items. However if you use Venmo to book a hotel that holds a blance for incidentals, Venmo will continue to hold your money 14 days after the hotel has released your funds.
Another dissatisfaction...If you transfer money from your bank account as opposed to your debt card Venmo will hold your transfer 7 days before you can have access to your money. Both of these negative examples allows Venmo to obtain interest from your money. In my personal opinion CASH app or ZELLE or better options.
Venmo customer service is a joke to put it cordially.
The end.
A very dissatisfied lady.
Date of experience: January 13, 2023
So my friend gets me to download venmo app because he wants to pay me for work I'm doing on his parents house and venmo ends up being a total pain in the $#*! to even get signed up on that it took me over an hour to do it, then venmo was such a pain in the $#*! for my friend who already had it to be able to send me the money he wanted to pay me and was unable to do so at all. After 3 days of headache dealing with venmo my friend decided to suck it up and find another way so we both killed our venmo account and have uninstalled the application.
As to their customer service, it doesn't exist because the people running venmo don't seem to care anything about the customers to give any type of serviceability to their representatives. So that sucks for everyone, their employees and attempted customers.
Now that I've gotten rid of their $#*! I've tried cash app but I don't know if it's going to work for my friend, so there may be another review coming soon.
Tip for consumers:
Get get out now! Find a better app.
Products used:
None, they weren't able to do a damn thing for me or my friend which included trying to solve the problems that we were having with their system.
Date of experience: January 23, 2023
I am a business owner of 17 years. I recently started to use Venmo for a way of customers to pay me. Since opening the account, I have lost money (over $200) that I was not aware at the time I needed to transfer into my account and I have on many occasions received payments intended for another business to my business. In these instances, there is no easy way to transfer the money back to the owner. The most recent time this happened (this week), I had to transfer the money back to the owner minus the fees that Venmo now takes out. To me, this looks like I am keeping the fees. I highly recommend not using Venmo and finding other sources to use for payments. You too may be losing money or accepting money that does not belong to you.
Tip for consumers:
This is not a trustworthy way to send and receive payments. Don't lose out on the money that is owed to you and don't keep money that doesn't belong to you. We all have to help each other keep this world honest.
Products used:
Venmo Payment incoming and outgoing
Date of experience: March 20, 2022
Venmo supports criminals and allows them to conduct business through their app! The first time I used Venmo to pay for a product I bought from someone, they never came through with the product as promised. I contacted Venmo to report this person and they said they couldn't help me. They continue to allow the criminal to do business through their app! This is just crazy! They never froze his account or did anything! Poor business ethics!
Tip for consumers:
Venmo will not support you in any way if you have a bad transaction. They support criminal behavior.
Date of experience: March 29, 2022
Opened new account couple days ago. Tried logging in from different laptop, could not. Tried resetting pw. Requested code via text (two-factor authentication), received msg 'couldn't send code'. Added bank account when I opened account. Service rep on phone told me I had no bank acct on file. I had enough. Piece of $#*! fn programming!
Date of experience: June 28, 2022
I bought Crypto through Venmo thinking I would be able to transfer it to my wallet. Nope. Venmo had not set up a way for all of their customers to transfer crypto out of their site yet. I talked to a customer service representative and they told me the only way to get the money out was to sell the crypto back to cash. So I did. I asked them to reimburse me the $60 I had to spend selling the crypto and they refused to reimburse even though they had no way of letting me get the crypto out and no way of knowing how long it would take for me to be able to transfer it to a wallet.
Date of experience: July 8, 2023
They froze my account and want to bill me for service that was canceled by the merchant who claims they never even took any money from Venmo. So in essence Venmo is trying to bilk me for money to pay some business that never even took money and already canceled the service I signed up for. Lame across the board. They use their lame tech and don't go in to review what actually happened. Suck on it. I refuse to pay for service that was canceled just because your system claims it sent digital funds to a company that says they never even got the funds and canceled the charges. So where does the money go? Venmo and then they send the consumer to collections and blame you for it. LAME. SUCKS. NEVER USE VENMO again.
Date of experience: January 18, 2023
My wife had fraud action on her Venmo. I called to alert. They said they could not verify me, she needed to call herself.
I was on hold for this 10 min and got disconnected.
I called back and asked for supervisor. After 12 min wait got someone. They relayed that I can connect in my wife. What a surprise! I could not get my wife online.
It seems like they would more concerned that someone is trying to cheat them and us them procedure of how to call in.
Now fraud is being committed and nothing is being done about it.
Not impressed. Makes me want to cancel my PayPal and Venmo accounts
Btw when I PayPal first they told me I needed to call Venmo separately? As if they are not connected? What a $#*! show
As a PYPl shareholder I think I will sell
Shulmann should call in for service to experience the joke going on
BP
Date of experience: August 13, 2022
Please believe the negative comments this bank is ridiculous at first it was fine until I sold a product to someone they called Venmo and said they never received it just to try to get their money back. They freeze my account and tell me to send my photo i.d which I did then never heard back from them so I thought everything was good 30 days later they tell me I'm permanently deactivated which is nutssss I have proof of the person received the item and they didn't even want to hear my side I have money in my Venmo account I can't even access it could take up to 190 days what joke this company is absolutely disgusting.
Date of experience: March 14, 2023
I recently leased my condo in Walnut Creek CA and opened a Venmo account for regular/monthly deposit of rent. My tenant did deposit the rent on schedule but Venmo promptly froze my account and has been holding MY FUNDS hostage. I have spent much time on the phone and via email to have them release my funds but all I get from lots of platitude. It seems to me that holding onto other people's money as long as they can is profitable for them. I plan to avoid them in the future.
Tip for consumers:
I don't plan on using Venmo in future.
Products used:
Service only
Date of experience: August 4, 2022
I received $50 loan from friend. Well I thought maybe I would go ahead and add a back up card. I have been using my original card for at least a year. Well when I tried back up card to put $50 on, they froze account. At first I was told 7 days, then up to 10, then up to 14 to get straight. Emailed Specialist over 20 times with no answer. Long story short. The app said I couldn't use back up card. But Venmo still wanted stmt from this account. Then they wanted stmt from the card I have used for year. Then they tell me I can't use that card. I told them that they needed to refund the 50 back to friend we ho sent it. No answer, no response. What they just put that in an account with others money, so they can get interest? How many customers money are they holding. This 50 was a loan to help me get food and needless to say... It's BS. After using them a year and they do this. I've already been a victim of Identity theft. What are they trying to do?
Products used:
Nothing
Date of experience: October 15, 2022
My Venmo account was hacked on 7/17/21. Venmo handlers it quickly and prefiessionally, finalizing the disputed charges and returning my money by 7/29/2021.
It is now 7/28/21 and they still have my account frozen. I have sent dozens of emails and called countless times with zero helpful response. Venmo support is accessible only through email. I have turned in my ID verifications and changed all my log in like they originally requested. I still have no access to my money and no one to speak to! I have filed a report with the
Tip for consumers:
Dont trust your money with them. Transfer any funds immediately.
Date of experience: July 27, 2021
Venmo has held my $50 bill was deposited by friend who owed me money I even went to activate their minimal car that they gave me and when I went to do so they realized I was going to be able to get my money so they freeze my account and now it's been 4 months long story short this company has nothing but a scam if you use this you will be taking advantage of do not music app this company will be out of business within less than a year because they will all be in jail and arrested for stealing from people I've been waiting 4 months for $50 and they've been asking me for personal information that no company should ever have they're trying to get more stuff out of you it could be answer those questions they're asking for my bank routing numbers and everything else horrible questions that it never be asked from a company
Date of experience: August 25, 2023
My recent experience with Venmo and Synchrony Bank has left me utterly frustrated and disappointed. Both companies have shown a complete lack of transparency, misleading practices, and a disregard for customer satisfaction.
The primary issue arose when I attempted to deposit funds onto my Venmo credit card. Despite being assured that the process would take 1-3 business days, my money seemed to vanish into thin air. The balance on my Venmo credit card remained unchanged well beyond the promised timeframe, leaving me feeling cheated and taken advantage of.
What's worse is that Venmo failed to adequately disclose the potential risks associated with these deposit transactions. Nowhere in their terms or during the transaction did they bother to mention that deposits could be subjected to review, leading to potential freezing or removal of funds. This is a blatant breach of trust and a demonstration of their willingness to manipulate their customers' hard-earned money without proper warning.
In a world where financial transactions should be seamless and straightforward, the behavior of Venmo and Synchrony Bank is inexcusable. I strongly advise against using their services, as they have shown a blatant disregard for their customers' well-being and financial security. Seek out more reputable and transparent alternatives that actually value their customers and provide honest, accurate information. Don't fall victim to the misleading tactics employed by these companies; your hard-earned money deserves better treatment than this.
Date of experience: August 18, 2023
If you use Venmo, be aware of their service and the potential to have your account banned quickly with no explanation.
I just had the most nonsense experience and even questioned if it was a well-designed scam. Venmo sent a series of emails to me saying someone who had transactions with me stole money from them somehow. It was vague and no matter what I said they refused to clarify, which looked really suspicious. They were pretty abrupt and hostile to then say my account was permanently banned, and they act as if it's my problem they had a security breach. I still don't know what "terms of service" I broke. All of my transactions have been just fine and normal, in fact I only used the service for a few months among friends and acquaintances for the usual trades.
I even offered to help, if someone I know stole money I could just confront them. How conveniently, Venmo "couldn't give any info". Funny how they didn't think to tell me the date of the transaction or the number, considering I know my own account and they don't need to give any private info. How convenient for them. I literally did nothing wrong and this popped up in only a few emails.
Feel free to try Venmo for yourself, just be forewarned their customer service can be weird, suspicious and hostile with no explanation.
Tip for consumers:
Look at the terms of service before use, they cited that as reasoning but refused to provide any clarifying info.
Lucky for me, I had a 0 balance when my account was banned. To be careful with possible scams I would be ready for funds immediately, then start a bank transfer right away. Thus, they were mad that I protected myself and they screwed up. Don't trust them to hold your funds for any longer than the bare minimum.
Products used:
pay to anyone service
Date of experience: June 13, 2019
Venmo made it impossible by giving error codes during bank account and routining number input which was copy and paste. The account being selected for the transfer was already approved.
Out of frustration I tried the instant transfer with a fee and like magic the very same account t which wouldn't work for the free transfer worked for the instant with fees.
When I masked for a refund, Venmo provided a list of documents and verifications before Venmo would consider the request.
Date of experience: February 2, 2023
Venmo is a free digital wallet that lets you make and share payments with friends. You can easily split the bill, cab fare, or much more. Download the iOS or Android app or sign up on Venmo.com today.
Is this your business?
Claim your listing for free to respond to reviews, update your profile and manage your listing.