# Venmo

Venmo is a mobile payments app that lets users send and receive money between friends and pay businesses in-store, online, and in apps.

Venmo serves US residents looking to split costs, pay friends, and manage spending through a single account balance. Users can send money, receive direct deposits, use a linked debit card, apply for a cash back credit card, and trade cryptocurrencies within the app. Business profiles allow merchants to accept card and Venmo payments without additional hardware.

- Type: Company
- Sector: Payments
- Status: Active
- Founded: 2009-01-01
- Profile: https://thegrid.id/profiles/venmo

## Products

- [Venmo](https://thegrid.id/profiles/venmo): Mobile payments platform for sending and receiving money between individuals and paying at participating merchants online and in stores. Users maintain a Venmo balance funded via linked bank accounts, debit cards, or Direct Deposit, and can transfer funds to other users, pay at authorized merchants through QR codes or checkout integrations, and spend with a linked debit card. Additional features include a social transaction feed, cryptocurrency buying, selling, holding, and transfer through a Paxos Trust Company integration; Business Profiles and Tap to Pay for in-person card acceptance; an in-app gift card tool; and purchase protection on qualifying payments. Available to US residents only. (Neobank, Live, Main Product)
- [Venmo Debit Card](https://thegrid.id/profiles/venmo): Mastercard® debit card issued by The Bancorp Bank, N.A., linked to a user's Venmo balance. Accepted wherever Mastercard is accepted worldwide, with no monthly fee or minimum balance. Users earn cash back on purchases at a user-selected bundle of merchants through the Venmo Stash rewards program, with tiered rates based on auto-reload and Direct Deposit activity. A Teen Debit Card variant is available for users aged 13 to 17 through a parent- or guardian-managed sub-account, providing spending access with parental balance monitoring and card lock controls. (Card, Live)
- [Venmo Credit Card](https://thegrid.id/profiles/venmo): Visa® credit card, with qualifying applicants receiving the Visa Signature® tier, issued by Synchrony Bank and managed through the Venmo app. Earns cash back at 3% on the user's highest eligible spend category each calendar month, 2% on the second-highest, and 1% on all other eligible purchases across eight categories including travel, dining, groceries, entertainment, and bills and utilities. No annual fee. Cash back is deposited to the user's Venmo balance and can be configured to automatically purchase cryptocurrency. (Card, Live)

## Links

- [Main](https://venmo.com)
- [Terms of Service](https://venmo.com/legal/us-user-agreement)
- [Privacy policy](https://venmo.com/legal/us-privacy-policy)
- [Media Kit/branding](https://venmo.com/about/brand)
- [Blog](https://newsroom.paypal-corp.com/news-venmo)
- [Twitter / X](https://x.com/Venmo)
- [LinkedIn](https://www.linkedin.com/company/venmo)

## Relationships

- [PayPal](https://thegrid.id/profiles/PayPal): Parent organization

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP