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Can I use Venmo in Canada?
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Feb 9, 2024 · Unfortunately, Venmo is not available in Canada. To use Venmo, both the sender and receiver must be in the USA and have a mobile phone with a U.S. phone number. Fortunately, Canadians have other payment apps that have similar features to Venmo and make it quick, easy, and convenient to send and receive money from loved ones. In this article, we ...
- Wealthsimple Cash. Wealthsimple also has a Cash app for mobile devices that includes money transfering features. I actually use Wealthsimple Cash myself and I love it.
- Paypal. Next is Paypal, and as we all know, PayPal is available in Canada. As stated earlier, PayPal is actually the parent company to Venmo as it acquired them (part of Braintree at the time) in 2013 for $800 million.
- Interac and Apple Pay. You can also use Interac and Apple Pay in Canada. Interac is Canada’s first option with electronic transfers between banks, but Apple Pay is based in the U.S, so how does it work in Canada?
- Wise. Wise is a company founded in London, UK and they are an app used for international e-transfers. For instance, if a Canadian wants to send money to someone in America or England, then they can use this app and it will transfer money from one currency to another.
Nov 15, 2023 · Unfortunately, Venmo is not available in Canada. Thankfully, there are several alternatives that you can use instead. In this article, we'll look at Venmo alternatives like Wise - a platform designed to provide an enhanced experience for sending and receiving money locally and globally.
- Interac e-Transfer. Best for: Simplicity and ease of use. Cost to send $100 within Canada: $0 - $3.50 per transaction. Cost to send $100 to America: Varies.
- Wealthsimple Cash. Best for: Social sending. Cost to send $100 within Canada: $0. Cost to send $100 to America: N/A. Extra perk: Ability to send large sums of money.
- Wise. Best for: International transfers. Cost to send $100 within Canada: N/A. Cost to send $100 to America: Varies. Extra perk: Real-rate currency exchange.
- PayPal. Best for: Online transactions between friends and strangers. Cost to send $100 within Canada: $0 to 2.90% + $0.30. Cost to send $100 to America: $2.99 to 2.90% + $0.30.
- KOHO App. KOHO is much more than just a prepaid Visa card. It lets you transfer funds between other KOHO users for free. It also includes free e-Transfers.
- Wealthsimple Cash. Wealthsimple Cash promises a “simpler, better way to settle up, pay it forward, and send cash instantly,” and they deliver. It should come as no surprise that the company behind Canada’s largest robo-advisor platform knows how to make things seamless and easy.
- Wise. Wise (formerly Transferwise) isn’t a true Venmo alternative, but if transferring money to family and friends overseas is what you need, Wise gets the job done.
- PayPal. PayPal is a longstanding online money transfer app with roots that go as far back as 1998. They make it easy to send and receive money, both inside Canada and internationally.
Aug 4, 2023 · But ease off the throttle, Venmo is not available in Canada. But fear not, Canadian fintech companies have answered the Bat Call! They saw the incredible use-case and mass appeal of Venmo and said “Challenge accepted!” Right now, there are several Venmo alternatives available to Canadians.
Apr 8, 2024 · Venmo is not available in Canada today. The service only allows for the use of individuals residing in the US and has to require both a US mobile number and bank account. This limitation is brought about by the different regulations and banking systems of the two nations.
