How to delete Venmo business account: Fast guide

Panna Kemenes

Venmo might not be the best option for every business. If you find that it’s not suitable for your business needs, you may want to close your account.

This post will provide guidance on how to delete a Venmo business account. If you need a new business account, you can also discover Wise Business in this article.

How to delete a Venmo business account: Step-by-step

With Venmo, you have the option to close your business account while keeping your personal account active. Once you take the following steps to close your business account, Venmo cannot reactivate it.

📝 Here’s a step-by-step guide on how to delete a business account on Venmo:

  1. Navigate to the ‘Me’ tab by selecting your account picture or initials
  2. Click the ‘Settings’ icon in the top right-hand corner
  3. Go to ‘Preferences’ and select ‘Account’
  4. Click ‘Close Venmo Account’

To completely delete your Venmo business account and keep your personal account active, you’ll need to reach out to Venmo.

⚠️ Make sure to address any outstanding transactions before you close your account.

Why can't I delete my Venmo account?

There are some cases in which you won’t be able to shut down your Venmo account. The two most common are the following:

  • Pending transactions: If you’re waiting on incoming or outgoing transactions with Venmo to go through, you can’t close your account.
  • Unresolved cases: In some instances, it’s possible that Venmo might need to resolve an open case before you’re able to close your account.

Need a Venmo business alternative? Try Wise

One reason you may be considering closing your Venmo business account, is that Venmo international transactions are not possible. If you’re looking for a Venmo alternative that provides easy and low cost transfers overseas, try Wise Business.

Wise Business is a smart online banking alternative. With Wise Business, you can send and receive money around the world using local currencies at the real mid-market rate. Wise is even up to 19x cheaper than PayPal for business payments.

Open a Wise Business account online

👉 Make low-cost conversions and transfers
👉 Move funds between currencies seamlessly
👉 Get local account details for 10 major currencies
👉 Hold 50+ currencies at once, all in one place
👉 Easy to set up, easy to use

Benefit from the real exchange rate in 80 countries and save money on all your business transactions.

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Money for here, there and everywhere

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