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

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.
  • 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

    Images

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    Features

    Total features of Venmo: 17

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

    Alternatives

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    Workplace from Meta

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    PayPal Invoicing

    4.7
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    Reviews

    Overall rating

    4.7 /5
    (8,874)
    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.

    Showing 5 reviews of 8,874
    Richard
    Overall rating
    • Industry: Entertainment
    • Company size: Self Employed
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Ease of Use
    • Likelihood to recommend 10.0 /10

    Venmo best alternative to Paypal

    Reviewed on 7/10/2022

    Pros

    Venmo works great with paypal and other apps. It's easy to send and receive payments to and from anyone. It has great features and I love how easy it is to use.

    Cons

    Need rewards or some incentive for venmo customers that have been loyal.

    Desiree
    Overall rating
    • Industry: Individual & Family Services
    • Company size: Self Employed
    • Used Daily for 1+ year
    • Review Source

    Overall rating

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

    Venmo for the win!

    Reviewed on 21/10/2022

    Highly highly recommend

    Highly highly recommend

    Pros

    I use this app every single day. Every day after work, I Venmo request my customers. I love the reminder notification. Sometimes people forget to pay and the reminder is a gentle and non confrontational way to ask for payments again. I love the transfer to my bank account. It's free if you wait a couple days or instant transfer with a small fee. I also have a free Venmo card that's attached to my account. All black, very nice looking and was free with my account. I'll get email offers for discounts if I pay with Venmo at certain places. I also have gotten a referral bonus a couple times which is nice. App is super easy to use, nothing complicated. I prefer Venmo over Cash app and other competitors.

    Cons

    Sometimes my balance doesn't update right away. Even if I just opened the app, it'll have my old balance still on. It's an easy fix, I just have to refresh the page. It's not a major con at all, just something small.

    Robin
    Overall rating
    • Industry: Information Technology & Services
    • Company size: Self Employed
    • Used Monthly for 2+ years
    • Review Source

    Overall rating

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

    Venmo Denies Fraud Claims

    Reviewed on 11/11/2022

    Horrible. Venmo will not support you if you have fraudulent claims.

    Horrible. Venmo will not support you if you have fraudulent claims.

    Pros

    Ease of transferring money between 2 parties

    Cons

    Venmo denied fraudulent charge. There were 2 charges within a few seconds of each other. $5 and $84. Venmo reversed the $5 charge but not the $84 charge. They denied this fraudulent charge.I contacted them when the charges were still pending with Venmo. Instead of stopping the charges from going through Venmo debited my bank account to cover the charges. Venmo will not tell me why, nor will they answer my emails asking why the claim was denied.

    Crystal
    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 8.0 /10

    Easiest way to send money!

    Reviewed on 8/8/2022

    Overall I have had a great experience with Venmo. This was one of the only apps who accepted and...

    Overall I have had a great experience with Venmo. This was one of the only apps who accepted and linked to my prepaid bank card. Most softwares would require you to have a bank account to send and receive money. Venmo is super easy and accessible. They have saved me so many times where I had an emergency and needed to have my mom send me $ ASAP. I still use this app weekly to this day!

    Pros

    I use this app to pay my rent and to send money to friends and family. There is a really cool feature that allows me to decide if I need my money right now for a small fee or in 3-5 business days for no fee. I have never came across an issue to where the instant transfer did not go through. I can't tell you how important it is to get your money ASAP when you have an emergency and Venmo always came through for me! It's so easy to manage I was able to teach my mom over the phone how to manage the software.

    Cons

    Recently the fee's for this app have gone up. I don't like that they are basing it off how much you are sending/receiving. It should be the same fee overall. Increasing the fee just makes me want to use the free money transfer apps such as Zelle. Also instead of rewarding users for sending money and using the app, they have a limit. For example if I send $ more than 5 times a week they start adding an additional fee.

    Brandi
    Overall rating
    • Industry: E-Learning
    • Company size: 51-200 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    Venmo is a lot better than others I have used

    Reviewed on 20/10/2022

    Pros

    I love the customer service of this product, they are fast efficient and get the job done!

    Cons

    There is nothing I don’t particularly like about this software

    Showing 5 reviews of 8,874 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:

    Meta 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.