Venmo entered the market 14 years ago, in 2009, and in 2013, it has been a subsidiary of PayPal. The funds transferring algorithm at Venmo casinos is as simple as it could get: all account holders can transfer funds between each other using a convenient mobile app.
All Venmo casino payments are secured by data encryption technology that stores users’ information, aiming to protect them from unauthorised transactions and possible fraud. On top of this, Venmo has a social media component: at your discretion, every transaction you make can be displayed on a feed that will be available to your network of friends. There are 3 types of feeds available in your Venmo app: a worldwide Venmo feed, a “friends only” feed, and a personal feed. You can also hide all your transactions whenever you want in Privacy settings.
Venmo Brief Information
💶 Currency |
USD, BTC, LTC, ETH |
📈 Transfer Amount Limits |
up to €5,000 per transfer |
🧾 Fees |
1.75% on online transactions |
⏳ Deposit Time |
Instant |
⌛ Withdrawal Time |
1–3 business days on standard withdrawals; instant withdrawals for an additional fee |
Limits and Fees at Venmo Casinos
While the limits and fees are usually defined by the new Venmo casinos individually, the payment service itself might charge customers for some services. There is a possible fee of 1.75% per online transaction and a 3% fee for sending money using a credit card. There are no charges on standard electronic withdrawals but a 1.75% fee on instant electronic withdrawals. There is a way to avoid Venmo fees by paying solely with your Venmo balance or connecting a debit card instead of a credit card.