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Venmo, a PayPal-owned app, is popular in the US for transferring money, with 80 million users in 2023. Venmo cannot be used to send payments internationally or to recipients who do not have a Venmo account.
If you’re looking to transfer money overseas, apps like Venmo's sister, Xoom, are designed to suit your needs. Take a look at some of the alternatives to Venmo and how they compare.
Can I use Venmo to make an international transfer?
Venmo doesn’t support international transfers because the service is only available in the US. To send money overseas, you’ll need to use an alternative, such as a specialist money transfer provider, a bank, or a different P2P payment app.
Top 3 alternatives to Venmo in 2024
Here are the top 3 alternative providers for sending international payments.
Unlike Venmo, Xoom services 131 countries around the world, including the US, Canada, the UK, and most countries in the European Economic Area. As it’s also owned by PayPal, Xoom uses a similar user interface to Venmo, so it should be easily recognizable for seasoned users of its sister app.
Familiar layout for Venmo users
Fast transfers
Wide country coverage
Good customer service
High exchange rates
High fees
Limited currency support - USD, EUR, CAD, and GBP
Well established among remittance providers, Wise has been providing cheap, fair, and simple money transfers since 2011. With over 16 million users worldwide, Wise is a great alternative to Venmo if you need to send international transfers.
Rather than just a payment app, Wise is a complete bank account, allowing you to make payments, hold multiple currencies in the same place, and manage your finances in one place. They also have a mobile app available on iPhone and Android, so you can manage your finances easily from your phone.
Fees and exchange rate are calculated and shown before transferring
Offers faster transfers than many competitors
Over 50 currencies available, and hold up to nine in your account at a time
High maximum transfer limits
Cash pickup is not available
Supports transfers to just over 70 countries, less than some competitors
Customer support can be limited, with the emphasis on online-only contact
WorldRemit offers lots of different ways to send money internationally, including cash pickup, mobile airtime, and mobile money. Their app is available on Google Play and the App Store, so you can arrange transfers via your mobile as you would using Venmo.
Like Wise, WorldRemit has a calculator that allows you to see the exchange rate and fees for your transfer before you make it.
Large variety of payment methods available, including bank transfer, cash pickup, and mobile airtime
Transparent fees and exchange rate visible before transferring
Over 70 currencies available for transfers
Over 130 countries serviced
Low maximum send limit of $9,000 every 24 hours and $5,000 per transfer from the US
WorldRemit wallet can only store three currencies; USD, GBP, and PHP
Fees are higher than some competitors
Transferring money out of Venmo
If you need to move your money into a different app, you'll need to transfer your Venmo balance into a bank account first. Payments cannot be made directly from Venmo to another payment app. Transferring money to your bank account is simple:
Begin the transfer
Choose the transfer speed
Check and confirm
Venmo - you’ll need alternatives to transfer internationally
Venmo is great for transferring money within the US, but the moment you need to send money to another country, it’s no longer useful. Other apps and transfer providers let you send money internationally, get the best exchange rates, and even store multiple currencies in one place.
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