Various payment methods can be used today to pay bills, purchase stuff, and more. If you are choosing between several options, then their comparison will help you determine the best method. Let’s find out what payment solution is the winner in the Venmo vs Paypal battle. 

What Is PayPal? 

PayPal is a popular payment method that launched in 1998. It offers free registration and linking a bank account or card to it. In most cases, payments are conducted using an email address. 

What Is Venmo?

Venmo actually belongs to PayPal. Therefore, it has plenty of similarities with the main brand. At the moment, it is used by more than 65 million consumers. It is made to be a social, user-friendly payment solution. Therefore, it is a great choice for individuals to make various payments, such as paying bills at a restaurant, sending some money to friends, etc. 

The Differences between the Two Payment Methods

Since there are plenty of similarities between these payment solutions, let’s focus on the differences between those two payment systems:


Here are the fee structure of PayPal: 

  • Credit card — 2.9% + $0.30;
  • Debit card — 2.9% + $0.30;
  • Bank transfer — free. 

Here are the fees of Venmo: 

  • Credit card — 3%;
  • Debit card — free;
  • Bank transfer — free. 

Limits and Withdrawal Times

The transaction limits are greater for PayPal. So, if a user utilizes Venmo, one is limited to $4,999.99 per transaction. PayPal users can send up to $10,000 in a single transaction. 

As for withdrawal times, using Venmo, the money can be withdrawn within 1-3 business days, and with PayPal, such transactions may take 3-5 business days. 


Venmo is a payment option that has been specially designed for US customers. This means that it is not available in other locations. PayPal can be used in more than 200 countries. 

All in all, Venmo is a preferred choice for personal uses while the other method is ideal for businesses.