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
Top 5 alternatives to Venmo
Key benefits of Venmo
Devices
Business size
Markets
United States
Supported Languages
English
Pricing starting from:
N/A
- Free Version
- Free Trial
- Subscription
Top 5 alternatives to Venmo
Images
Features
Total features of Venmo: 16
Alternatives
PayPal
Cash App
Square Payments
Square Point of Sale
Reviews
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- Industry: Insurance
- Company size: 501-1,000 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 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.
- Industry: Consumer Services
- Company size: 11-50 Employees
- Used Weekly for 6-12 months
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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.
- Industry: Market Research
- Company size: 10,000+ Employees
- 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
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.
- Industry: Food & Beverages
- Company size: 2-10 Employees
- Used Weekly 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
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 SaleReasons for Switching to Venmo
Venmo seems to have greater market share on mobiles- Industry: Information Technology & Services
- Company size: Self Employed
- Used Weekly 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
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.
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:
Facebook 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
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