USD
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MXNHow your money is held
Is Vezmo a bank?
No. Vezmo is a financial technology company, not a bank. Banking, stablecoin and card services are provided by regulated partners & Banks.
Here is who holds your money, whether it is insured, and where our terms say so.
Held by regulated partners & Bank
Money in your Vezmo Accounts balances is held by our partner banks or other licensed financial institutions, not by Vezmo.
It belongs to your business
Only your business is entitled to its balance. It may be held with other customers' money in pooled accounts at our partners.
Vezmo keeps the records
We act as your limited agent: we keep the records and give our partners your instructions.
Is Vezmo a bank?
No. Vezmo is a financial technology company, not a bank. Banking, stablecoin and card services are provided by regulated partners & Banks, and parts of our services are provided under their licences, not Vezmo's.
Is my money insured?
No Vezmo balance is a deposit with Vezmo, and none is covered by the FDIC or any other deposit insurance scheme. Your balance earns no interest.
Vezmo Accounts TermsWho holds my money?
Our partner banks or other licensed financial institutions hold the money in your Vezmo Accounts balances, and it belongs to your business. Vezmo keeps the records and gives the partners your instructions.
Terms of ServiceWho are Vezmo's partners?
Payment processors, account and money-movement providers, stablecoin providers, card issuers and card networks. Where the law requires us to tell you which partner provides a service, we do; a card issuer's name is on its cards.
Is stablecoin a bank deposit?
No. Stablecoin is a crypto-asset whose issuer aims to keep its value at one US dollar. It isn't money issued by a government, isn't a bank deposit, and isn't covered by the FDIC or any other insurance or compensation scheme. On Vezmo, your balance holds US dollars, not stablecoin.
Stablecoin Terms and Risk DisclosureIs Vezmo the same as Venmo?
No. Vezmo (vezmo.com) is a business banking and payments platform from Vezmo Technology, Inc., a Delaware company. It isn't Venmo and isn't affiliated with Venmo or PayPal.
What if I have a complaint?
Tell us at support@vezmo.com. We aim to acknowledge a complaint within 2 business days and to send our final answer within 15 business days.
Complaints PolicyRead it in our terms