VENMO — Venmo Bank Charge Explained

VENMO on your bank statement may relate to Venmo, which is listed in the Finance category. Venmo is a US mobile payment service owned by PayPal for peer-to-peer transfers and merchant payments. A charge is usually a payment you sent or a purchase made with Venmo, so amounts vary.

What Is the VENMO Charge?

VENMO may relate to Venmo, which is listed in the Finance category.

Venmo is a US mobile payment service owned by PayPal for peer-to-peer transfers and merchant payments. A charge is usually a payment you sent or a purchase made with Venmo, so amounts vary. It typically appears as VENMO or PAYPAL*VENMO on your statement.

VENMO is how this charge may appear on your bank or card statement.

How Do I Cancel a VENMO Charge?

  1. Identify the charge: Confirm the charge is from Venmo by checking your email for a receipt or logging into your account on their website.
  2. Cancel a recurring payment: If this is a recurring payment you no longer want, log in to your Venmo account and cancel it in your account settings before the next billing date.
  3. Contact the merchant: If you recognise the merchant but have a question about the charge, contact Venmo directly using the details on this page.
  4. Contact your bank: If the merchant does not resolve the issue, contact your bank or card issuer using the number on the back of your card. They can explain what options may be available and what information they need.

What Other Names Does Venmo Use on Bank Statements?

Venmo may also appear on your statement as:

Frequently Asked Questions About VENMO

What is VENMO on my bank statement?

VENMO is a bank statement transaction code that may relate to Venmo, which is listed in the Finance category. Venmo is a US mobile payment service owned by PayPal for peer-to-peer transfers and merchant payments. A charge is usually a payment you sent or a purchase made with Venmo, so amounts vary. It typically appears as VENMO or PAYPAL*VENMO on your statement. This descriptor appears because banks display a shortened payment code instead of the full company name.

Why is VENMO on my bank statement?

VENMO is how this charge may appear on your bank or card statement.

How do I cancel VENMO?

If this is a recurring payment you no longer want, log in to your Venmo account and cancel it in your account settings before the next billing date. If you recognise the merchant but have a question about the charge, contact Venmo directly using the details on this page. If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.

Related charges

For more information about Venmo and all its known transaction codes, visit the Venmo merchant page.