What is VENMO on My Bank Statement?
VENMO is a billing label that appears when you make a payment or transfer using the Venmo app. It may show up as “VENMO,” “VENMO*username,” or even under a business name if you used Venmo to pay a vendor.
Why Am I Being Charged by Venmo?
You’ll see a Venmo charge if you:
- Sent money to someone via Venmo using a credit card (fee applies)
- Made a purchase through Venmo at a business
- Transferred Venmo balance to your bank and incurred instant transfer fees
- Are part of a recurring payment setup (e.g., rent, subscription)
What is Venmo?
Venmo is a peer-to-peer payment app owned by PayPal. It’s used to quickly send and receive money, split bills, and pay for goods or services at supported merchants.
Is the Venmo Charge Legit?
Most likely, yes. If it looks unfamiliar, log in at venmo.com or use the mobile app to view your full transaction history and confirm who the payment went to.
How to Dispute or Stop Venmo Charges
If the charge is unauthorized:
- Open the Venmo app or website
- Go to Transactions and locate the charge
- Contact Venmo Support via the Help Center
You may also need to contact your bank to dispute the charge if fraud is suspected.
FAQ
- What is VENMO on my credit card?
- It’s a charge from using the Venmo app—either for a peer-to-peer payment or a business transaction.
- Why is Venmo charging me?
- You may have used a credit card to send money (which includes a fee), or made a purchase via Venmo.
- How do I stop Venmo charges?
- Cancel any recurring payments in the app or remove your payment method from your Venmo account.
