Venmo FAQs

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  • What is Venmo, and how does it work?

    Venmo is a U.S.-based peer-to-peer payment platform that makes it easy for friends, family, and acquaintances to transfer money between their bank accounts or debit cards. Without the need for cash, users can send payments to each other for a variety of reasons — such as splitting bills, paying people back for borrowed money, purchasing goods or services, and much more.

  • What is the difference between PayPal and Venmo?

    Venmo is owned by PayPal, so the two platforms are similar in many ways — such as their high level of data security and the ease of using them to transfer money online. However, they do have quite a few differences. PayPal is used in countries around the world, whereas Venmo can be used only in the U.S. Venmo is also typically used primarily on mobile devices, making it a good way to transfer money on the go. For its no-fee plans, PayPal allows users to transfer money between bank accounts only, whereas Venmo lets users transfer money either from their linked bank accounts or their debit cards.

  • Is Venmo safer than PayPal?

    Both Venmo and PayPal are PCI compliant, meaning they take advanced measures to keep your financial information secure. In addition to these measures, when you collect Venmo payments through a Venmo payment form with Jotform, your form data is kept safe with PCI compliance, CCPA compliance, and GDPR compliance, as well as optional HIPAA compliance and form encryption.

  • Is Venmo safe?

    Yes. Venmo encrypts account details and stores that data on securely located servers. You can also add multifactor authentication (MFA) or a pin number to add an extra layer of security to your account information.

  • Do I need to have a paid Jotform account to use Venmo?

    No! Jotform’s free plan allows you to receive a limited number of payment submissions per month, meaning you can start collecting Venmo payments through your forms without the need for a paid plan. If you would like to upgrade to receive more payments, submissions, or storage, Jotform offers a variety of paid plans to suit your specific needs.

  • Why is Venmo so popular?

    Venmo is a quick and easy way to receive and send payments between friends, family, colleagues, or acquaintances. It eliminates the need to pay people back with cash and works seamlessly on mobile devices, making it a convenient way to perform quick money transfers without having to pay expensive banking fees for basic transactions.

  • Is Venmo PCI compliant?

    Yes. Both Venmo and Jotform are PCI compliant to keep cardholder data safe.