Software Alternatives & Reviews

Venmo VS Wise

Compare Venmo VS Wise and see what are their differences

Venmo logo Venmo

Venmo is the best way to pay your friends. It's simple, fun and free to use.

Wise logo Wise

Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...
  • Venmo Landing page
    Landing page //
    2023-06-13
  • Wise Landing page
    Landing page //
    2023-09-02

Venmo videos

Venmo Review and Tutorial [FAST]

More videos:

  • Review - Venmo | App Review
  • Review - Is Venmo the Best Cash App?

Wise videos

TransferWise Review - 3 Must Knows (2020)

More videos:

  • Review - TransferWise in detail
  • Review - Transferwise Review

Category Popularity

0-100% (relative to Venmo and Wise)
Online Payments
15 15%
85% 85
Payment Platform
39 39%
61% 61
Money Transfer
0 0%
100% 100
Recurring Billing
100 100%
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Venmo and Wise

Venmo Reviews

12 Best Bill Splitting Apps in 2023
Venmo offers free services to a million of users globally. It is considered the best app to split bills because it primarily manages a virtual ledger that represents all the transactions of your funds through the Venmo account. This makes it easier for users to manage all their expenses and transactions in one place. So, if you are looking for an app to split bills and...
Does Venmo work internationally? Worldwide Alternatives for 2022
Venmo has become extremely popular with its 60 million users in the almost 12 years of its operation. Users particularly like the ease of use, the non-existent fees for most transactions, and the ability to send money to non-Venmo users (though they still need to sign up to accept the money). Users also like the ability to make payments even if their Venmo account balance is...
Best money transfer apps of 2021
Setting it up and using Venmo couldn't be easier, with payments being made via a bank account or debit card linked to your account. Money can also be directly transferred if you’ve got enough funds stored in your Venmo wallet. There’s a 1% charge if you move money out of your Venmo account and into a bank account if you can’t wait for its one to three-day payment schedule.

Wise Reviews

Best money transfer apps of 2021
TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus...
Top 7 Wise Alternatives
Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).
Source: transumo.com
5 Safe Money Transfer Alternatives to Wise
As a money transfer service, Wise (formerly known as TransferWise) is a transparent and easy to use option. But if you’re making an international money transfer, it can be worth looking at some of Wise’s competitors to see which is the best option for you.
Source: www.exiap.com
Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B
For now, the backing of its investors is allowing Airwallex to grow its business without needing to focus on making money. That’s proven tricky for some fintech companies — such as TransferWise and Europe’s challenger banks — but Zhang is confident that when that changes, his company will have little trouble being sustainable.
Source: techcrunch.com

Social recommendations and mentions

Wise might be a bit more popular than Venmo. We know about 24 links to it since March 2021 and only 20 links to Venmo. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Venmo mentions (20)

  • Having trouble with proof of income
    You present just one more reason to hate Venmo. They have a website: https://venmo.com/ Can you log in and get copies there of the transactions? Source: 6 months ago
  • Why does Venmo.com have no Sign In link on the home page?
    This url? https://venmo.com/ What are you seeing? I see one in the top right corner right beside the Get Venmo button. https://imgur.com/ov9t9oj. - Source: Hacker News / 11 months ago
  • What is Venmo and why would you use it?
    I'm looking at all the services Venmo offers: https://venmo.com/. Source: about 1 year ago
  • $100 March Madness Pool - Almost Filled
    Venmo - nickscarrella is my username https://venmo.com/ - site to sign up. Source: about 1 year ago
  • Plaid Settlement Email from venmo@venmo.com. Is this legit?
    I had the same issue and chatted them. it's because your email isn't verified. Go to https://venmo.com/ identity/verify_email_addresses, as soon as I did that the payment came in automatically. Source: over 1 year ago
View more

Wise mentions (24)

  • Which bank in vietnam have the lowest fee for overseas remittance?
    I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: 10 months ago
  • We are happy to welcome you to Auction 88 — Coins of The World.
    They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: 11 months ago
  • Recommend me a first credit card with 0 foreign tx fee
    It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: about 1 year ago
  • Renting an apartment without a US Bank account?
    Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: over 1 year ago
  • My New Client Is Asking Me For My Bank Info
    I’ve used Wise for bank payments from international clients before: https://wise.com/us/ that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: over 1 year ago
View more

What are some alternatives?

When comparing Venmo and Wise, you can also consider the following products

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

Bill.com - Bill.com provides ACH payments processing, automates your accounts payable and accounts receivable processes.

Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.

Zoho Invoice - 100% free online invoicing software for small businesses.

ProPay - ProPay is a multiple payment making service provider that lets its users to make payment to anyone in any part of the world.

The Invoice Machine - The Invoice Machine is an online invoicing service with a simple and elegant user interface.