Yes—Venmo now supports recurring payments. The feature launched in October 2024, giving users the ability to schedule weekly, bi-weekly, or monthly transfers. Official Venmo newsroom announcement.
I tested the feature by setting up a monthly rent split. It took less than a minute, and Venmo reminded me the day before. That small detail makes it hard to miss payments and removes the stress of remembering due dates.
Key Takeaways
- Venmo supports scheduled recurring payments for weekly, bi-weekly, or monthly transfers.
- Payments can be edited or canceled before they process.
- Reminders, funding priorities, and security features keep payments reliable.
What Are Recurring Payments on Venmo?
Recurring payments are transfers that repeat automatically on a set schedule. Instead of sending money manually every month, you set it once and Venmo handles the rest.
For example, you can schedule $10 to your roommate monthly for Netflix. Venmo notifies you before it goes through, and if your balance is short, it pulls from your linked bank or card.
Venmo also allows you to schedule recurring requests. This means if you regularly split bills with a roommate or friend, you can set a monthly request so they get a reminder and can receive money on Venmo on time.
The feature even works with Venmo Teen accounts, making it useful for allowances or recurring transfers from parents.
How to Set Up Recurring Payments on Venmo
- Open Venmo → Pay/Request.
- Enter the recipient, amount, and note.
- Tap Schedule.
- Choose weekly, bi-weekly, or monthly.
- Select an end date or leave it open.
- Tap Save, then confirm with Pay.
How to Edit or Cancel a Scheduled Payment
If your plans change:
- Go to Me → Transactions → Scheduled → View all.
- Select the payment.
- Tap Edit to adjust the amount or frequency.
- Tap Cancel to stop it entirely.
You can change the frequency without creating a new schedule. Venmo doesn’t yet offer a pause option, but canceling and rescheduling later works the same way.
You can also review Venmo’s official instructions in the Venmo Help Center.
Features and Limits of Venmo Recurring Payments
Venmo designed recurring payments for everyday personal use. Key details:
- Flexible scheduling: Choose weekly, bi-weekly, or monthly transfers, and even set the exact day for monthly payments.
- Notifications: Senders always get reminders before payments, and recipients may also be notified if it’s a request.
- Funding priority: Venmo uses your balance first, then your linked bank or debit card. If all funding fails, the payment won’t process and Venmo sends an alert.
- Costs and limits: No extra fee for scheduling. Standard Venmo fees (like instant transfers) still apply, and all transfers follow Venmo’s normal account limits.
- Security and geography: Payments use Venmo’s encryption and authentication. The feature is limited to U.S.-based accounts and domestic transfers only.
Can Businesses Use Venmo Recurring Payments?
Venmo’s recurring feature is best for individuals. Businesses often need more advanced billing options:
- Payments must be customer-initiated. Merchants cannot automatically charge a customer without prior action.
- Venmo does not support Merchant-Initiated Transactions (MITs), which are critical for subscriptions.
- Venmo does not offer PCI-compliant billing integrations or accounting exports, making it impractical for enterprise use.
For subscription billing or automated recurring customer charges, platforms like Stripe, Spreedly, Recurly, or BatchTransfer remain the better solutions. For transfers between services, see how to transfer money from Venmo to PayPal.
How Venmo Compares to Other Apps
- PayPal → Designed for merchants, supports recurring billing worldwide and integrates with e-commerce platforms.
- Cash App → Allows users to set recurring consumer payments, similar to Venmo.
- Zelle → Some banks support recurring transfers via bill pay, but this feature is not built into the Zelle app.
With its 2024 update, Venmo now matches Cash App for personal recurring payments but still falls short of PayPal for business use.
Final Thoughts
Venmo’s recurring payments are a big step forward. From my experience, reminders, funding priority, and security make it dependable for routine expenses.
For personal payments like rent, subscriptions, or shared bills, it’s a must-use feature. But for businesses, Venmo remains too limited—Stripe and other billing platforms are still the right choice.
