Venmo
About Venmo
Venmo is a digital wallet and payment gateway that allows customers to make payments and transfer money via mobile device. Businesses are able to offer a new social currency to a mobile-first audience, as well as generate exposure for the brand as users share their purchases on the Venmo feed.
The solution allows users to make payments by linking their bank accounts or debit cards directly via the app, or by transferring the money stored within their Venmo account. Besides initiating payments, consumers can send and receive payments from friends and contacts by selecting a contact's name, @username, phone number or email. All transfers can be stored as a Venmo balance for use at a later time, or cashed out immediately to a bank account.
The platform provides an intuitive user experience and speedy checkout system that enables customers to buy event tickets and pay for items with a few taps. Users can share their purchases with friends on their Venmo feed, as well as make comments and add emojis to payment descriptions and other contact’s shared purchases.
Users must link a credit card, debit card or checking account in order to use the service. Venmo safeguards payment data with encryption, allowing customers to pay safely and securely.
Key benefits of Venmo
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Alternatives
Samsung Pay
Square for Retail
Eventbrite
Meta for Business
Reviews
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- Industry: Arts & Crafts
- Company size: Self Employed
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Just one thing That I need....
Reviewed on 13/08/2024
It is very convenient and can be used on any website. The platform is simple and provides easy...
It is very convenient and can be used on any website. The platform is simple and provides easy access for clients and friends. Additionally, there are no fees for transfers that take 1-3 days. However, my experience is not 100% satisfactory due to the issue with the Setmore website settings. If there were a way to resolve this, my satisfaction would be complete.
Pros
It is very convenient and can be used on any website. The platform is simple and provides easy access for clients and friends. Additionally, there are no fees for transfers that take 1-3 days.
Cons
One drawback I've encountered is that while I use Venmo on various websites for class bookings and payments, Venmo itself cannot process payments directly. I have to connect it to PayPal, which complicates the setup. Additionally, I would prefer to display only Venmo as a payment option on the Setmore website, but this isn't allowed due to Venmo being linked to PayPal.
- Industry: Fine Art
- Company size: Self Employed
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Yo Ho Venmo
Reviewed on 2/02/2024
The leader in digital, mobile and, in my opinion, small business cash handling. I’ve never had an...
The leader in digital, mobile and, in my opinion, small business cash handling. I’ve never had an issue with my account and when prompted to verify my information for securities sake I’ve been nothing but reassured my finances are in good hands.
Pros
Incredibly easy to learn and use with the most user friendly interface I’ve encountered to date. Venmo’s digital security and handling of my private information has always been secure and any changes to my account made by myself or otherwise are reported to my cell phone and email immediately.
Cons
Some forms of online debit cards are categorized as ‘pre-paid’ when they are in fact just debit cards issued from a strictly digital/online institution. These specific types of cards are therefore deemed unable to be used via connecting to your account.
Alternatives Considered
Square PaymentsReasons for Choosing Venmo
Too many issues with my personal and professional account coupled with some horror stories from colleagues, family members and friends about accounts being hacked, money disappearing and the arduous task of getting it returned.Switched From
Cash AppReasons for Switching to Venmo
With an innumerable amount of positive reviews for all aspects of the products function there seemed like no reason not to try it out. Over ten years later and still no complaints.- Industry: Hospital & Health Care
- Company size: 201–500 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Ease of Use
- Likelihood to recommend 7.0 /10
Venmo, like PayPal but not as good
Reviewed on 10/10/2022
. Well we're all experience with venmo has been decent but it could do better.
. Well we're all experience with venmo has been decent but it could do better.
Pros
What I like most about venmo or it's similarities to PayPal.
Cons
What what I like least about venmo is the ability to obtain a debit card it's a little time-consuming and a lot of hopes to jump through
- Industry: Health, Wellness & Fitness
- Company size: Self Employed
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 4.0 /10
An easy way to get paid
Reviewed on 3/10/2024
Venmo is an easy way for customers and clients to pay me without having to involve a card reader. ...
Venmo is an easy way for customers and clients to pay me without having to involve a card reader. It’s another option for clients to tip as well, without having to have cash on them, meaning I can get the full amount of the tip.
Pros
I like that you can easily provide your personal QR code for customers to link to and pay you.
Cons
I wish there was a free feature for businesses to add money to their Venmo accounts without having to sign up for the credit card.
- Industry: Accounting
- Company size: 2–10 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Venmo
Reviewed on 23/11/2023
I love Venmo it’s a great app to exchange money!
I love Venmo it’s a great app to exchange money!
Pros
I love the fact that it’s easy to send and recieve money
Cons
That if you attach it to Zelle your funds will pending for 15 min
Venmo FAQs
Below are some frequently asked questions for Venmo.Q. What type of pricing plans does Venmo offer?
Venmo offers the following pricing plans:
- Pricing model: Free Version
- Free Trial: Not Available
Contact Venmo for detailed pricing information.
Q. Who are the typical users of Venmo?
Venmo has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000
Q. What languages does Venmo support?
Venmo supports the following languages:
English
Q. Does Venmo support mobile devices?
Venmo supports the following devices:
Android (Mobile), iPhone (Mobile), iPad (Mobile)
Q. What other apps does Venmo integrate with?
Venmo integrates with the following applications:
Braintree, PayPal
Q. What level of support does Venmo offer?
Venmo offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support
Related categories
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