How does a refund on Venmo work? Never Struggle A refund on Venmo 𝟭（𝟴𝟰𝟰） ー 𝟱𝟲𝟵 ー 𝟲𝟲𝟱𝟬 (US) works similarly to how refunds are processed in other payment systems 𝟭（𝟴𝟰𝟰） ー 𝟱𝟲𝟵 ー 𝟲𝟲𝟱𝟬 (US), but it depends on the type of transaction. If the recipient agrees to refund the payment, they can simply send the money back to your Venmo account.