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:

N/A

  • Free Version
  • Free Trial
  • Subscription

Key benefits of Venmo

  • Brands are able to generate exposure as users share their purchases with friends or contacts via the Venmo feed.

  • Venmo helps users stay in control of what they owe, what others owe them, and what they've bought.

  • Organizations can allow customers to pay them as easily as they pay their friends, with fewer taps and a speedy checkout system.

  • Venmo safeguards payment information using data encryption, enabling customers to securely pay contacts and transfer money to bank accounts.

  • Customers are able to find contacts automatically by syncing their Facebook account or phone contacts, and split and share payments.
  • Devices

    Business size

    S M L

    Markets

    United States

    Supported Languages

    English

    Pricing starting from:

    N/A

    • Free Version
    • Free Trial
    • Subscription

    Images

    Venmo Software - 1
    Venmo Software - 2
    Venmo Software - 3
    Venmo Software - 4
    View 5 more
    Venmo video
    Venmo Software - 1
    Venmo Software - 2
    Venmo Software - 3
    Venmo Software - 4

    Features

    Total features of Venmo: 16

    • ACH Payment Processing
    • Customer Engagement
    • Data Security
    • Data Synchronization
    • Debit/Credit Card Processing
    • Electronic Payments
    • In-Person Payments
    • Mobile Access
    • Mobile Payments
    • Online Payments
    • Partial Payments
    • Point of Sale (POS)
    • Promotions Management
    • Reporting/Analytics
    • Secure Data Storage
    • Transaction History

    Alternatives

    PayPal

    4.7
    #1 Alternative to Venmo
    PayPal Commerce Platform is a comprehensive solution designed to serve your business needs and your customers, whether...

    Cash App

    4.3
    #2 Alternative to Venmo
    Cash App is a web-based finance mobile application designed to help businesses send money, design debit cards, and buy...

    Square Payments

    4.7
    #3 Alternative to Venmo
    Square Payments is an online payment processing solution which integrates with Square hardware & POS software to allow...

    Square Point of Sale

    4.7
    #4 Alternative to Venmo
    Square Point of Sale is a POS solution for Android and iOS devices which includes tools for managing payments, digital...

    Reviews

    Overall rating

    4.7 /5
    (8,255)
    Value for Money
    4.8/5
    Features
    4.6/5
    Ease of Use
    4.8/5
    Customer Support
    4.4/5

    Already have Venmo?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 8,255
    Lyndia C.
    Overall rating
    • Industry: Insurance
    • Company size: 501-1,000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Venmo on The Go

    Reviewed on 17/05/2022

    Pros

    I love that it makes it easier to transfer money between parties. In a world where cash is no longer used as often these apps are very important.

    Cons

    The fact that they are now taxed and the amounts that are charged for instant transfer to bank.

    Verified Reviewer
    Overall rating
    • Industry: Consumer Services
    • Company size: 11-50 Employees
    • Used Weekly for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Venmo

    Reviewed on 26/04/2022

    Overall a great app that allows us collect payment faster at a lower cost than credit cards.

    Overall a great app that allows us collect payment faster at a lower cost than credit cards.

    Pros

    The ease of use and mobility of the payment system.

    Cons

    Menus could be more intuitive. Navigating within the app is not obvious.

    Chelsey V.
    Overall rating
    • Industry: Market Research
    • Company size: 10,000+ Employees
    • Used Monthly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 0.0 /10

    Absolutely hated it!!

    Reviewed on 23/04/2022

    I hated Venmo. It may benifit others, but as far as me recommending it, its a negative ghost rider....

    I hated Venmo. It may benifit others, but as far as me recommending it, its a negative ghost rider. 👎

    Pros

    I mean i didn't like ANYTHING about this app! I couldn't access my old account so i made another one. They canceled both accounts after FINALLY responding to numerous emails.

    Cons

    I disliked it all the way around! Waste of time.

    Verified Reviewer
    Overall rating
    • Industry: Food & Beverages
    • Company size: 2-10 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Fast, easy to use, Venmo makes mobile payments a breeze

    Reviewed on 24/01/2022

    Increased revenue from sales, happier customers who find it easier to buy

    Increased revenue from sales, happier customers who find it easier to buy

    Pros

    Its pretty easy person-to person, just have someone scan your QR Code (printed or on your phone screen) to get paid, can be contactless and 6ft apart, don't even have to speak the same language, no complicated handshakes

    Cons

    The privacy and security of the friend's sharing feature is not very clear. Also the parent of Venmo should be pointed out is PayPal which can be a plus or a minus

    Alternatives Considered

    Square Point of Sale

    Reasons for Switching to Venmo

    Venmo seems to have greater market share on mobiles
    Joseph L.
    Overall rating
    • Industry: Information Technology & Services
    • Company size: Self Employed
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Great payment processing app for freelancers

    Reviewed on 02/05/2022

    Overall, my experience with Venmo has been great. It offers a safe and secure connection between my...

    Overall, my experience with Venmo has been great. It offers a safe and secure connection between my clients and me for quick and easy payment processing. It has been invaluable as a remote worker who prefers electronic payment transactions and I would highly recommend it.

    Pros

    I like that Venmo gives me a convenient, secure and trusted method to receive payments from clients. On their end, if they are already set up on Venmo, they are able to send me payment hassle-free and without worry. If they are not and would like to pay through Venmo, I can pretty easily help them get set up.

    On my end, I don’t have to worry about any payment or security issues. I can just request the dollar amount for my fee and quickly receive the money.

    Cons

    This is a relatively minor issue, but I’ve had occasionally complaint from clients that they have had issues searching for and finding my Venmo account and making sure that they are sending to the correct account.

    Of course, I’m able to send them my Venmo tag, but some people prefer to search and select and account without pasting in a tag.

    Showing 5 reviews of 8,255 Read all reviews

    Venmo FAQs

    Below are some frequently asked questions for Venmo.

    Venmo offers the following pricing plans:

    • Pricing model: Free Version
    • Free Trial: Not Available

    Contact Venmo for detailed pricing information.

    Venmo has the following typical customers:

    Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000

    Venmo supports the following languages:

    English

    Venmo supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    Venmo integrates with the following applications:

    Facebook for Business

    Venmo offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support

    Related categories

    See all software categories found for Venmo.