VENMO — Venmo Bank Charge Explained

VENMO on your bank statement is a transaction descriptor for Venmo, a finance company. 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 is a transaction descriptor for Venmo, a finance company.

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 code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code VENMO is the official identifier that Venmo registered with Visa or Mastercard.

Is the VENMO Charge Legitimate?

A charge from this merchant may relate to a purchase, subscription, trial or another transaction. Only you and your bank can confirm whether a payment was authorised. It may help to check your email for a receipt, or log into your Venmo account to review recent activity.

How Do I Cancel or Dispute 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 your subscription: If you no longer want the service, log in to Venmo and cancel your subscription through account settings before the next billing date.
  3. Contact the merchant: 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.
  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 for Venmo, a finance company. 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.

Is VENMO a scam?

A charge from this merchant may relate to a purchase, subscription, trial or another transaction. Only you and your bank can confirm whether a payment was authorised. It may help to check your email for a receipt, or log into your Venmo account to review recent activity.

Why is VENMO on my bank statement?

VENMO appears on your statement because Venmo processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.

How do I cancel VENMO?

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.

How do I get a refund for a VENMO charge?

If you cannot resolve this with the merchant, contact your bank or card issuer. They can explain what options may be available for this type of payment and whether any time limits apply.

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