Venmo vs. Cash App [2025]: Which Payments App Wears the Crown? – FinanceBuzz
Venmo and Cash App both make it easy to transfer money. It’s all about the features they offer.
This article was subjected to a comprehensive fact-checking process. Our professional fact-checkers verify article information against primary sources, reputable publishers, and experts in the field.
Cash App and Venmo are peer-to-peer payment apps you can use to send and receive money quickly. Both also include helpful features, including ATM withdrawals, instant transfers, and various payment methods. But each app is better in different scenarios.
If you frequently make international transfers, want to link your debit card to your payment app, or even like a convenient way to file your taxes (for free), I’d recommend Cash App.
That said, if you need a payment transfer app for your business, you want to invest in crypto, or you’re an American Express credit cardholder, I’d go with Venmo.
Cash App and Venmo are peer-to-peer payment apps you can use to send and receive money quickly. Both also include helpful features, including ATM withdrawals, instant transfers, and various payment methods. But each app is better in different scenarios.
If you frequently make international transfers, want to link your debit card to your payment app, or even like a convenient way to file your taxes (for free), I’d recommend Cash App.
That said, if you need a payment transfer app for your business, you want to invest in crypto, or you’re an American Express credit cardholder, I’d go with Venmo.
We know checking and savings accounts can be critical tools for managing your money. They’re one of the financial tools you use the most. That’s why the features offered by a bank matter so much and we’ve taken that into consideration in our evaluations.
We consider the annual percentage yield (APY), account features, minimum opening balance required, fees, customer service, and FDIC insurance. The best banks also offer a variety of account types and the support you need to you make the most of your money.
We intensively research all products and services we review, and our team members personally use a wide array of financial products. Our product rankings and scores are based on objective measurements and product features as well as expert opinions from our editorial team.
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FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.
Cash App and Venmo have similar fee structures for their primary services, including sending and receiving money. But you might find a few differences in each app’s transfer limits and payment methods. This table gives a quick overview of how the two apps compare.
Here’s a breakdown to help you decide between Cash App and Venmo.
Venmo requires you to be physically located in the U.S., which means users in other countries can’t use its services. I found this out the hard way at a flea market in London.
However, you might still be able to send and receive money from other U.S.-based Venmo users, even if you’re traveling abroad. Just don’t expect to use it with any non-U.S.-based users. To be able to shop at that flea market, I had to go get cash from an ATM.
Both Venmo and Cash App offer debit cards you can link to your account, but we think Cash App’s offering is more impressive here. While the Venmo Debit Card earns up to 5% cash back, the offers can be pretty limited and don’t extend to every category.
The Cash App Card also has offers that change and vary by category, but a lot of users report them being more practical for everyday spending than Venmo’s. Cash App also applies these as discounts on your spending for more immediate savings. Plus, you can enable round-ups to automatically top up your debit card purchases and send the extra cents to your savings or investing balance.
Both debit cards can be added to your Apple Pay or Google Pay wallet.
Cash App rolled out a free tax filing tool back in 2021 (actually, it took over Credit Karma Tax and rebranded under the Cash App name), and it’s not a bad option for processing your state and/or federal tax return. Other tax filing software will be better for trickier tax scenarios, but if you have straightforward taxes because you’re taking the standard deduction and earning W-2 income, for example, Cash App Taxes is easy to use.
The platform’s software can also support forms for investing income, business income, and plenty of itemized deductions, but it isn’t a good choice if you want help squeezing out savings or getting the most personalized recommendations because you’re pretty much on your own when filing.
Venmo doesn’t offer any form of tax filing support.
If you own a business and want to accept payments through a transfer app, Venmo has an edge over Cash App. Venmo charges lower fees for business transactions, with a standard fee of 1.9% + $0.10 of the payment total for payments that come directly from another person’s Venmo account. For Tap to Pay transactions, the fee is 2.29% + $0.10 of the payment total.
Contrast that with Cash App’s business processing fee of 2.75% on any Cash App for Business transaction, and you’re likely to save a bit of money as a business owner if you use Venmo. Plus, Venmo has millions more active users, so you may have an easier time finding potential customers or clients if you accept Venmo instead.
Investing is not as comprehensive as the best investment apps on Cash App or Venmo, but it’s slightly better on Venmo for crypto. Cash App users can buy, sell, and trade Bitcoin through the app and invest in stocks. While Venmo doesn’t allow you to invest in stocks, you can invest in cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, I wouldn’t recommend keeping large sums of crypto on these platforms. You’ll want to transfer it to your crypto wallet if you plan to hold it securely in the long term.
This category has no overall winner because it depends on your situation and investing preferences. For example, if you’re more interested in the cryptocurrencies offered by Venmo and don’t want to invest in stocks, Venmo may be a more suitable option. But if you want to invest in stocks and Bitcoin, Cash App might make more sense.
However, I would trust an established investing-specific app over Cash App or Venmo. If you feel the same, this category may be a non-issue.
You typically have to choose a payment method if you want to send money to someone else using a payment service. Both Cash App and Venmo accounts offer payment methods such as using a credit card, a debit card, a linked bank account, or your account balance. However, with Cash App, you can also use Apple Pay and Google Play by connecting them to your Cash Card.
Venmo offers an Amex Send feature that lets you use American Express cards without paying the standard cash advance credit card fee. Keep in mind that you likely won’t receive any rewards (if applicable) for credit cards used this way, but it’s still a unique feature that’s probably more useful than what Cash App offers.
Money apps often overlap in many ways, and it’s no different with Cash App and Venmo. Both mobile payments apps offer the same primary service of sending and receiving money. Here are some of the features and benefits that Cash App and Venmo share:
One isn’t necessarily safer than the other. Cash App and Venmo are money transfer apps, which are inherently risky since their services involve sending money to other people. But if you stick to sending money to friends and family, you likely won’t run into any issues involving scams. Additionally, both apps use encryption and other protection methods to help ensure your account information is kept secure.
No, not entirely. If you have a Cash Card with Cash App, the money in your Cash App account balance is covered by the FDIC through partner banks (this is called “FDIC pass-through insurance”) in case of bank failure.5 <p>Balance is FDIC-insured through Wells Fargo Bank, N.A., Member FDIC for up to $250,000 per person.</p>
Similarly, funds held in your Venmo account are only eligible for FDIC pass-through insurance if you’ve added money to your account via mobile check deposit or direct deposit.
Neither Venmo nor Cash App charges account or maintenance fees (more on Cash App fees). You also don’t have to worry about additional fees for sending money as long as you use your account balance or a linked bank account or debit card for the transfer. Overall, neither app is significantly cheaper than the other for sending and receiving money.
Some people may choose Cash App over Venmo because, with Cash App, you can pay and receive money from anyone if you have their email address, phone number, or $Cashtag. This might make it a preferred way to send money to people you don’t know.
On the other hand, Venmo typically focuses on networking with friends and family members and functions similarly to a social media network, complete with emojis.
People may also choose Cash App over Venmo for its added features. For instance, with Cash App, you can use it for making money transfers, filing your taxes, taking out a loan, and more.
FinanceBuzz is an independent, advertising-supported website. Some or all of the offers that appear on this page are from third party advertisers from which FinanceBuzz receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).
FinanceBuzz does not include all financial or credit offers that might be available to consumers nor do we include all companies or all available products. Information, including rates and fees, is accurate as of the publishing date and has not been provided or endorsed by the advertiser.
The credit card offers that appear on this site are from companies from which FinanceBuzz receives compensation such as banks or CardRatings.com.
The FinanceBuzz editorial team strives to provide accurate, in-depth information and reviews to help you, our reader, make financial decisions with confidence. Here’s what you can expect from us:
FinanceBuzz makes money when you click the links on our site to some of the products and offers that we mention. These partnerships do not influence our opinions or recommendations.
FinanceBuzz reviews and rates products on a variety of quantitative and qualitative criteria. Whenever possible we test each product and include our honest, firsthand experience using it. Read more about how we rate products.
Partners are not able to review or request changes to our content except for compliance reasons. Financial products are highly regulated so we work closely with partners to make sure the information we have on our site is accurate and includes any required legal language and disclaimers.
We aim to make sure everything on our site is up-to-date and accurate as of the publishing date, but we cannot guarantee we haven’t missed something. It’s your responsibility to double-check all information before making any financial decision. If you spot something that looks wrong, please let us know.
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New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
Prepaid debit cards issued by Sutton Bank.
Balance is FDIC-insured through Wells Fargo Bank, N.A., Member FDIC for up to $250,000 per person.
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved or otherwise endorsed by these entities.
We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. Ultimately, you are responsible for your financial decisions. FinanceBuzz does not provide credit cards or any other financial products. FinanceBuzz.com does not make any credit decisions.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business! Join CDO TIMES Pro
This article was subjected to a comprehensive fact-checking process. Our professional fact-checkers verify article information against primary sources, reputable publishers, and experts in the field.
Cash App and Venmo are peer-to-peer payment apps you can use to send and receive money quickly. Both also include helpful features, including ATM withdrawals, instant transfers, and various payment methods. But each app is better in different scenarios.
If you frequently make international transfers, want to link your debit card to your payment app, or even like a convenient way to file your taxes (for free), I’d recommend Cash App.
That said, if you need a payment transfer app for your business, you want to invest in crypto, or you’re an American Express credit cardholder, I’d go with Venmo.
Cash App and Venmo are peer-to-peer payment apps you can use to send and receive money quickly. Both also include helpful features, including ATM withdrawals, instant transfers, and various payment methods. But each app is better in different scenarios.
If you frequently make international transfers, want to link your debit card to your payment app, or even like a convenient way to file your taxes (for free), I’d recommend Cash App.
That said, if you need a payment transfer app for your business, you want to invest in crypto, or you’re an American Express credit cardholder, I’d go with Venmo.
We know checking and savings accounts can be critical tools for managing your money. They’re one of the financial tools you use the most. That’s why the features offered by a bank matter so much and we’ve taken that into consideration in our evaluations.
We consider the annual percentage yield (APY), account features, minimum opening balance required, fees, customer service, and FDIC insurance. The best banks also offer a variety of account types and the support you need to you make the most of your money.
We intensively research all products and services we review, and our team members personally use a wide array of financial products. Our product rankings and scores are based on objective measurements and product features as well as expert opinions from our editorial team.
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FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.
Cash App and Venmo have similar fee structures for their primary services, including sending and receiving money. But you might find a few differences in each app’s transfer limits and payment methods. This table gives a quick overview of how the two apps compare.
Here’s a breakdown to help you decide between Cash App and Venmo.
Venmo requires you to be physically located in the U.S., which means users in other countries can’t use its services. I found this out the hard way at a flea market in London.
However, you might still be able to send and receive money from other U.S.-based Venmo users, even if you’re traveling abroad. Just don’t expect to use it with any non-U.S.-based users. To be able to shop at that flea market, I had to go get cash from an ATM.
Tip
Cash App beats Venmo for international transfers. Cash App still isn’t available everywhere, but it is available in the U.K., which increases its functionality worldwide. That’s not a much wider reach, but it’s still more than what Venmo offers. (And it would’ve helped me during my shopping conundrum!)Both Venmo and Cash App offer debit cards you can link to your account, but we think Cash App’s offering is more impressive here. While the Venmo Debit Card earns up to 5% cash back, the offers can be pretty limited and don’t extend to every category.
The Cash App Card also has offers that change and vary by category, but a lot of users report them being more practical for everyday spending than Venmo’s. Cash App also applies these as discounts on your spending for more immediate savings. Plus, you can enable round-ups to automatically top up your debit card purchases and send the extra cents to your savings or investing balance.
Both debit cards can be added to your Apple Pay or Google Pay wallet.
Cash App rolled out a free tax filing tool back in 2021 (actually, it took over Credit Karma Tax and rebranded under the Cash App name), and it’s not a bad option for processing your state and/or federal tax return. Other tax filing software will be better for trickier tax scenarios, but if you have straightforward taxes because you’re taking the standard deduction and earning W-2 income, for example, Cash App Taxes is easy to use.
The platform’s software can also support forms for investing income, business income, and plenty of itemized deductions, but it isn’t a good choice if you want help squeezing out savings or getting the most personalized recommendations because you’re pretty much on your own when filing.
Venmo doesn’t offer any form of tax filing support.
If you own a business and want to accept payments through a transfer app, Venmo has an edge over Cash App. Venmo charges lower fees for business transactions, with a standard fee of 1.9% + $0.10 of the payment total for payments that come directly from another person’s Venmo account. For Tap to Pay transactions, the fee is 2.29% + $0.10 of the payment total.
Contrast that with Cash App’s business processing fee of 2.75% on any Cash App for Business transaction, and you’re likely to save a bit of money as a business owner if you use Venmo. Plus, Venmo has millions more active users, so you may have an easier time finding potential customers or clients if you accept Venmo instead.
Investing is not as comprehensive as the best investment apps on Cash App or Venmo, but it’s slightly better on Venmo for crypto. Cash App users can buy, sell, and trade Bitcoin through the app and invest in stocks. While Venmo doesn’t allow you to invest in stocks, you can invest in cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, I wouldn’t recommend keeping large sums of crypto on these platforms. You’ll want to transfer it to your crypto wallet if you plan to hold it securely in the long term.
This category has no overall winner because it depends on your situation and investing preferences. For example, if you’re more interested in the cryptocurrencies offered by Venmo and don’t want to invest in stocks, Venmo may be a more suitable option. But if you want to invest in stocks and Bitcoin, Cash App might make more sense.
However, I would trust an established investing-specific app over Cash App or Venmo. If you feel the same, this category may be a non-issue.
You typically have to choose a payment method if you want to send money to someone else using a payment service. Both Cash App and Venmo accounts offer payment methods such as using a credit card, a debit card, a linked bank account, or your account balance. However, with Cash App, you can also use Apple Pay and Google Play by connecting them to your Cash Card.
Venmo offers an Amex Send feature that lets you use American Express cards without paying the standard cash advance credit card fee. Keep in mind that you likely won’t receive any rewards (if applicable) for credit cards used this way, but it’s still a unique feature that’s probably more useful than what Cash App offers.
Money apps often overlap in many ways, and it’s no different with Cash App and Venmo. Both mobile payments apps offer the same primary service of sending and receiving money. Here are some of the features and benefits that Cash App and Venmo share:
Which is safer, Cash App or Venmo?
One isn’t necessarily safer than the other. Cash App and Venmo are money transfer apps, which are inherently risky since their services involve sending money to other people. But if you stick to sending money to friends and family, you likely won’t run into any issues involving scams. Additionally, both apps use encryption and other protection methods to help ensure your account information is kept secure.
Are Cash App and Venmo FDIC-insured?
No, not entirely. If you have a Cash Card with Cash App, the money in your Cash App account balance is covered by the FDIC through partner banks (this is called “FDIC pass-through insurance”) in case of bank failure.5 <p>Balance is FDIC-insured through Wells Fargo Bank, N.A., Member FDIC for up to $250,000 per person.</p>
Similarly, funds held in your Venmo account are only eligible for FDIC pass-through insurance if you’ve added money to your account via mobile check deposit or direct deposit.
Is Venmo cheaper than Cash App?
Neither Venmo nor Cash App charges account or maintenance fees (more on Cash App fees). You also don’t have to worry about additional fees for sending money as long as you use your account balance or a linked bank account or debit card for the transfer. Overall, neither app is significantly cheaper than the other for sending and receiving money.
Why do people choose Cash App over Venmo?
Some people may choose Cash App over Venmo because, with Cash App, you can pay and receive money from anyone if you have their email address, phone number, or $Cashtag. This might make it a preferred way to send money to people you don’t know.
On the other hand, Venmo typically focuses on networking with friends and family members and functions similarly to a social media network, complete with emojis.
People may also choose Cash App over Venmo for its added features. For instance, with Cash App, you can use it for making money transfers, filing your taxes, taking out a loan, and more.
One isn’t necessarily safer than the other. Cash App and Venmo are money transfer apps, which are inherently risky since their services involve sending money to other people. But if you stick to sending money to friends and family, you likely won’t run into any issues involving scams. Additionally, both apps use encryption and other protection methods to help ensure your account information is kept secure.
No, not entirely. If you have a Cash Card with Cash App, the money in your Cash App account balance is covered by the FDIC through partner banks (this is called “FDIC pass-through insurance”) in case of bank failure.5 <p>Balance is FDIC-insured through Wells Fargo Bank, N.A., Member FDIC for up to $250,000 per person.</p>
Similarly, funds held in your Venmo account are only eligible for FDIC pass-through insurance if you’ve added money to your account via mobile check deposit or direct deposit.
Neither Venmo nor Cash App charges account or maintenance fees (more on Cash App fees). You also don’t have to worry about additional fees for sending money as long as you use your account balance or a linked bank account or debit card for the transfer. Overall, neither app is significantly cheaper than the other for sending and receiving money.
Some people may choose Cash App over Venmo because, with Cash App, you can pay and receive money from anyone if you have their email address, phone number, or $Cashtag. This might make it a preferred way to send money to people you don’t know.
On the other hand, Venmo typically focuses on networking with friends and family members and functions similarly to a social media network, complete with emojis.
People may also choose Cash App over Venmo for its added features. For instance, with Cash App, you can use it for making money transfers, filing your taxes, taking out a loan, and more.
FinanceBuzz is an independent, advertising-supported website. Some or all of the offers that appear on this page are from third party advertisers from which FinanceBuzz receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).
FinanceBuzz does not include all financial or credit offers that might be available to consumers nor do we include all companies or all available products. Information, including rates and fees, is accurate as of the publishing date and has not been provided or endorsed by the advertiser.
The credit card offers that appear on this site are from companies from which FinanceBuzz receives compensation such as banks or CardRatings.com.
The FinanceBuzz editorial team strives to provide accurate, in-depth information and reviews to help you, our reader, make financial decisions with confidence. Here’s what you can expect from us:
FinanceBuzz makes money when you click the links on our site to some of the products and offers that we mention. These partnerships do not influence our opinions or recommendations.
FinanceBuzz reviews and rates products on a variety of quantitative and qualitative criteria. Whenever possible we test each product and include our honest, firsthand experience using it. Read more about how we rate products.
Partners are not able to review or request changes to our content except for compliance reasons. Financial products are highly regulated so we work closely with partners to make sure the information we have on our site is accurate and includes any required legal language and disclaimers.
We aim to make sure everything on our site is up-to-date and accurate as of the publishing date, but we cannot guarantee we haven’t missed something. It’s your responsibility to double-check all information before making any financial decision. If you spot something that looks wrong, please let us know.
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Please check your email to confirm your subscription.
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
Prepaid debit cards issued by Sutton Bank.
Balance is FDIC-insured through Wells Fargo Bank, N.A., Member FDIC for up to $250,000 per person.
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved or otherwise endorsed by these entities.
We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. Ultimately, you are responsible for your financial decisions. FinanceBuzz does not provide credit cards or any other financial products. FinanceBuzz.com does not make any credit decisions.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
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