do consumers send more money on venmo or spend more money on amazon?

Consumers spend more money on Amazon than they send on Venmo. Although Venmo facilitates a high volume of peer-to-peer transactions, the total spending on Amazon is higher due to its ecommerce nature and higher average transaction values. In fact, it has been reported that $463,000 is sent every minute on Venmo, while $455,000 is spent every minute on Amazon—indicating that on a per-minute basis, Venmo might handle slightly more money overall, but this mainly reflects high frequency, smaller transactions rather than total consumer spending over time. On an annual and monthly scale, Amazon consumers spend significantly more. The average American user spends about $91.75 monthly on Amazon, translating to nearly $1,000 annually. Prime members spend even more, around $1,170 per year on average, which is more than twice the spending of non-Prime customers. Amazon's total revenue is expected to reach around $700 billion in 2025, highlighting the immense consumer spending on the platform.