Comparison

Venmo vs MyCOBenefits

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Venmo

A fast, safe, and social way to send and receive money with friends and family. Easily split bills, buy crypto, and manage your finances with integrated debit and credit cards.

Highlights
  • Send and receive money
  • Split payments among friends
  • Buy, hold, and sell cryptocurrency
  • Venmo credit and debit cards
  • Teen accounts
  • Business profiles
  • Instant transfers and direct deposit
Features
Read full description

Venmo is the fast, safe, social way to pay and get paid. Join over 90+ million people who use the Venmo app today   SEND AND RECEIVE MONEY Pay and get paid for anything from your share of rent to a gift. Add a note to each payment to share and connect with friends SPLIT A REQUEST AMONG MULTIPLE VENMO FRIENDS You can now send a payment request to multiple Venmo friends at once and customize the amount each person owes   GET REWARDED WITH THE VENMO CREDIT CARD Earn up to 3% cash back on your eligible top spend category¹ —we’ll do the math. Split card purchases with Venmo friends, and shop everywhere Visa® credit cards are accepted—online, in-store, worldwide² BUY CRYPTO WITH AS LITTLE AS $1 Buy, hold, and sell cryptocurrency right on the Venmo app. New to crypto? Learn more with in-app resources. Crypto is volatile, so it can rise and fall in value quickly. Be sure to take it at a pace you're comfortable with³ SHOP WITH THE VENMO DEBIT CARD Spend your money in Venmo everywhere Mastercard® is accepted around the globe — and earn cashback from some of your favorite spots. Terms apply: venmo.me/rewards⁴ VENMO TEEN ACCOUNTS A debit card of their very own and a Venmo account to send money to trusted friends and family⁵. All with no minimum balance or monthly fee   DO BUSINESS ON VENMO Create a business profile for your side gig, small business, or anything in between—all under your same Venmo account MANAGE YOUR MONEY Get your Venmo money in the bank within minutes using Instant Transfer⁶. Want your paycheck up to two days earlier* than your normal payday? Try Direct Deposit   ¹Use of cash back is subject to the terms of the Venmo account. See Rewards Program Terms: https://www.synchronycredit.com/gecrbterms/html/RewardsTerms.htm ²Application subject to credit approval. You must be at least 18 years old and reside in the US or its territories to apply. You must have a Venmo account in good standing, that has been open for at least 30 days prior to application The Venmo Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA Inc. VISA is a registered trademark of Visa International Service Association and used under license ³Terms apply. Only available in the US and limited in certain states. Buying and selling cryptocurrency is subject to a number of risk and may result in significant losses. Venmo does not make any recommendation regarding buying or selling cryptocurrency. Consider seeking advice from your financial or tax adviser ⁴The Venmo Mastercard® is issued by The Bancorp Bank, N.A., pursuant to license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Bancorp Bank, N.A. is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from Venmo ⁵ The Venmo Teen Debit Card is available for eligible users 13-17 years old with parent or legal guardian sign up. Terms apply ⁶ Transfer speed depends on your bank and could take up to 30 minutes. Transfers are reviewed which may result in delays or funds being frozen or removed from your Venmo account. * The availability of Direct Deposit is subject to your employer sending paycheck information 1-2 days in advance of payday. Early access compared to standard banking practice of posting funds at settlement and subject to your employer providing pay information to the bank prior to payday. It may take up to two pay cycles for Direct Deposit to take effect. Transactions are reviewed, which may result in delays or funds being frozen or removed from your account. Emoji artwork is provided by emojitwo.github.io/, originally released as emojione.com/ by Ranks.com with contributions from the Emojitwo community and is licensed under creativecommons.org/licenses/by/4.0/legalcode Venmo 2211 N. First St., San Jose, CA 95131

About

MyCOBenefits

Manage your food and cash assistance benefits securely from your phone. Apply for programs, update your information, view EBT card details, and find local services. Access nutrition tips and workforce program information.

Highlights
  • Apply for food and cash benefits
  • Complete recertification
  • Update household and income information
  • View EBT card balance and transactions
  • Manage workforce program appointments
  • Find local social services offices
Features
Read full description

The MyCOBenefits App provides a simple and secure way to manage your Food (SNAP) and Cash assistance benefits right from your phone. You can apply for benefits, manage your PEAK account, complete your recertification, request supportive payments, and view your current EBT card balance and transactions. You can sign-in using your PEAK credentials. If you do not have a PEAK account, you can register either through the MyCOBenefits App or by visiting www.colorado.gov/PEAK Apply for benefits • Apply for food and cash programs • Upload verification documents • Sign-In with PEAK credentials to save the application for later submission • Submit the application with minimal information Complete Your Recertification • Submit your food and cash recertification and upload verification documents • Update household member details, income, expense and resource changes • Save recertification data for later submission Keep Your Information Up to Date • Update your contact information including address, email and phone number • Add or remove your household members • Add or remove jobs, update your income and upload your pay stub Find Your Benefits Information • View your current food and cash benefit details • Know about your upcoming redetermination • View the current expenses and resources • Check your application status View Your EBT Card • Quickly view the current EBT card balance • View EBT card transactions • Change PIN • Request a replacement card • Freeze card when not in use Participate in Workforce Programs • View upcoming appointments and add to the calendar • Request supportive payments and an appointment reschedule • View sanctions and re-engagement information SNAP-Ed • View SNAP-Ed nutrition tips and providers information • Search for nearest Cooking Matters Colorado classes Find the Human/Social Services Offices and Workforce Centers • Search for nearest Human/Social Services Office and Workforce Centers in the map • Filter by distance from current location and get directions • Provide ratings Safety and Security • To help keep your information safe, never share your username and password About Food and Cash Assistance The Supplemental Nutrition Assistance Program (SNAP) is a Food Assistance program in Colorado, formerly known as Food Stamps. SNAP provides food assistance benefits as part of a federal nutrition program to help low-income households purchase food. Electronic Benefit Transfer (EBT) cards are issued to receive the SNAP benefits for a household. Colorado Works, also known as Temporary Assistance for Needy Families (TANF), provides a cash benefit to low-income families which include children (or a pregnancy). The program offers a wide array of supports including ongoing cash assistance, help with emergency expenses, education, job preparation and employment services. Adult Financial Programs provide cash assistance to low-income Colorado residents under various programs. Old Age Pension (OAP) provides a cash benefit to low-income adults ages 60 years or older. Aid to the Needy Disabled – Colorado Supplement (AND-CS) provides cash assistance to those 0-59 years of age who are receiving SSI due to a disability or blindness but are not receiving the full SSI grant amount. Aid to the Needy Disabled – State Only (AND-SO) provides interim assistance for those aged 18-59 years with a disability that prevents them from working and who have not been approved for Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI).

Screenshots

Venmo4 screens
MyCOBenefits4 screens

Verdict

The call

The clearest difference is review sentiment: MyCOBenefits at 68% against Venmo's 14%. MyCOBenefits also leads on monetization model (free vs free with in-app purchases). Venmo's advantage is ratings volume (15M vs 5.5K) and rating (4.8 vs 4.5). On price, ads, in-app purchases and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

Venmo holds the better App Store score, 4.8 against 4.5. That said, the two scores are not equally well evidenced: Venmo has 15M ratings behind it against 5.5K, so its average is the more settled of the two. Written reviews complicate that: 14% of Venmo's written reviews are positive against 68% of MyCOBenefits's, so the app with the better star average is not the one people write more warmly about.

UpkeepUpdate frequency

Venmo ships an update weekly, MyCOBenefits monthly. The most recent releases landed on October 25, 2026 and October 24, 2026 respectively.

Scorecard6 real differences · 5 level
Venmo versus MyCOBenefits: the parameters behind the verdict, then further details
ParameterVenmoMyCOBenefits
PriceFreeFree
Rating4.8 (15M ratings) — better4.5 (5.5K ratings)
Positive reviews14.4% of reviews67.5% of reviews — better
Number of ratings15M — better5.5K
Update frequencyWeekly — betterMonthly
AdsNoNo
In-app purchasesNoNo
MonetizationFree with in-app purchasesFree — better
Best chart rank#4 — better—
DevicesiPhone, iPad — betteriPhone
Requires iOS17.0 — better18.0
Further details — not scored
Size693 MB93 MB
Age rating12+4+
DeveloperVenmoState of Colorado

Customer experience

Venmo

All ratings15,473,060 ratings
Positive97.0%
Neutral1.4%
Negative1.7%
Written reviews7,468 reviews
Positive14.4%
Neutral3.9%
Negative81.7%

MyCOBenefits

All ratings5,524 ratings
Positive87.6%
Neutral3.4%
Negative9.0%
Written reviews151 reviews
Positive67.5%
Neutral8.6%
Negative23.8%

User reviews

Venmo

From 15M App Store ratings

What we love

  • 🚀 Reliable, user-friendly, and convenient
  • 🔒 Robust security features
  • 👍 Untrustworthy vendor protection
  • 💡 Investing feature built-in

Room to improve

  • 🐛 Buggy and glitchy app
  • 🔒 Weak account security
  • 🔒 Unreliable customer support
  • 💰 Holds funds without explanation
  • 💰 Freezes accounts without notice

MyCOBenefits

From 5.5K App Store ratings

What we love

  • 🚀 Convenient and easy to use
  • 🔒 Secure login options
  • 👍 User-friendly interface
  • 💡 Helpful for checking balances and benefits
  • 👍 Streamlines application and recertification process

Room to improve

  • 🐛 Frequent crashes and glitches
  • 🐛 Login issues and password reset problems
  • 🐛 Slow loading times
  • 🐛 Inconsistent functionality between app and website
  • 🔋 High battery consumption

Bugs and requests

Venmo

Reported bugs

4 issues
  • Payments getting declined without reason
  • Accounts being frozen or deleted unexpectedly
  • Delays in fund transfers and withdrawals
  • Inability to access own money in account

Requested features

4 requests
  • Ability to cancel transactions
  • Faster money transfers
  • Better account management tools
  • Improved customer service

MyCOBenefits

Reported bugs

4 issues
  • Citizenship details screen not functioning properly
  • Blank screens and crashes on login
  • Inability to access previous applications
  • Notifications not always showing up in a timely manner

Requested features

5 requests
  • Ability to apply and recertify directly through the app
  • Improved document upload and correspondence features
  • Integration with other state services
  • Facial recognition or biometric login options
  • Offline access and syncing capabilities

In-app purchases

None

Venmo

No in-app purchases

None

MyCOBenefits

No in-app purchases

Questions

Is Venmo free?
Venmo is free to download, with no in-app purchases.
Is MyCOBenefits free?
MyCOBenefits is free to download, with no in-app purchases.
Which has better reviews, Venmo or MyCOBenefits?
Venmo is rated higher. Venmo averages 4.8 out of 5 from 15M ratings, while MyCOBenefits averages 4.5 from 5.5K ratings.
Do Venmo or MyCOBenefits have ads?
Neither Venmo nor MyCOBenefits shows ads.
Which is updated more often, Venmo or MyCOBenefits?
Venmo ships an update weekly, and MyCOBenefits monthly. Most recently, Venmo was updated on October 25, 2026 and MyCOBenefits on October 24, 2026.

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