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.
Pricing starting from:
Not provided by vendor
- Free Version
- Free Trial
- Subscription
Top 5 alternatives to Venmo
Key benefits of Venmo
Typical Customers
- Freelancers
- Small Businesses (2-50)
- Mid-size Companies (51-500)
- Large enterprises (500 and more)
Deployment
- Cloud-based
- On-premise
Markets
United States
Supported Languages
English
Pricing starting from:
Not provided by vendor
- Free Version
- Free Trial
- Subscription
Top 5 alternatives to Venmo
Images
Features
Total features of Venmo: 17
Alternatives
Gorriladox
Meta for Business
Quickbooks Online
Stripe
Reviews
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- Industry: Management Consulting
- Company size: 10,000+ Employees
- Used Weekly for 2+ years
-
Review Source
Overall rating
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Ideal Payment Processing Software for Small Businesses
Reviewed on 08/12/2021
Perfect for small businesses and better than using a square device for accepting payments.
Perfect for small businesses and better than using a square device for accepting payments.
Pros
The app is just great. UI/UX, how they have defined different user personas and the ease of making a transaction is fantastic. Super quick and easy to transact with any third party, strong authentication mechanisms and auto-credit to the account on file. Making and receiving payments is the easiest I've seen, and much better than zelle, or Paypal.
User support is fantastic and there have been instances where I was fully refunded back when goods/services were not delivered as agreed upon.
Cons
It would be good to look at the credit worthiness/score and how reliable they are for their services. Currently there's no way to know (other than star ratings and sparse reviews at times).
Multi-lingual capabilities would be helpful too, especially when you are transacting with non-english speaking partners.
- Industry: Religious Institutions
- Company size: 51–200 Employees
- Used Monthly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 5.0 /10
Great for personal use but maybe not business
Reviewed on 13/03/2023
Venmo is great for small time uses. I truly believe they're on the cusp of being a breakthrough...
Venmo is great for small time uses. I truly believe they're on the cusp of being a breakthrough option for small businesses. One big upside is their support team
Pros
Venmo allows you to have an online "storefront" and mobile ability to accept payments. It's nice to work with all major forms of payment and not worry about POS problems.
Cons
I can't keep up with transactions by myself. I rely on transaction history to help keep my books straight, but Venmo tends to struggle at times in this area.
- Industry: Health, Wellness & Fitness
- Company size: Self Employed
- Used Monthly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 0.0 /10
Canceled my Venmo and will not say why
Reviewed on 10/03/2023
Up until they canceled my account for no specific reason .... It was good. Now behind a vale they...
Up until they canceled my account for no specific reason .... It was good. Now behind a vale they won't even tell me why I was canceled.
Pros
It was easy to use .. but then I set up a business account and they canceled my account.
Cons
Venmo has shady practices ... I set up a business account and they canceled both my personal account and my business account with no explanation. I have asked several times what I did wrong and they won't answer me.
- Industry: Medical Practice
- Company size: 51–200 Employees
- 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
venmo review
Reviewed on 10/01/2023
I love venmo, i personally use it on a weekly basis.
I love venmo, i personally use it on a weekly basis.
Pros
I like how easy it is and it is also really convenient because a lot of people dont have cash and almost everyone i know has venmo so that is how we pay each other back when we happen to be out or splitting gifts, rent etc.
Cons
my one complaint would be the security. i personally have no had any issues security wise but i do know a couple friends who have been hacked. venmo is super responsive and fast so these issues were resolved but with anything to do with you bank info being hacked it can be a hassle.
- Industry: Transportation/Trucking/Railroad
- Company size: 2–10 Employees
- Used Weekly for 1+ year
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
the venmo experience for me
Reviewed on 13/03/2023
Pros
Fast, advantageous installmentsAllowed to send cash from a ledger or check cardLow expense for charge card installmentsCan pay for buys at select organizationsOffers a charge card and a VisaAdds a social component to sending and getting cash
Cons
Installments are public as a matter of courseCan't drop installmentsNo global exchangesFamous with con artists
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:
Meta for Business
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
See all software categories found for Venmo.
