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
Samsung Pay
Chime
POS Nation for Retail
Dayforce HCM
Reviews
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- Industry: Management Consulting
- Company size: 10,000+ Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Ideal Payment Processing Software for Small Businesses
Reviewed on 8/12/2021
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: Entertainment
- Company size: 2–10 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 6.0 /10
Venmo....naw im good thanks
Reviewed on 24/6/2022
I wouldn't say it has been totally bad because i am grateful to have been able to use the services...
I wouldn't say it has been totally bad because i am grateful to have been able to use the services at one point but overtime with more options available and changesin their policies infeel there are better alternatives available.
Pros
I liked the fact that initially it was a good replacement for cash app.
Cons
Their security systems are all over the place. I cant even begin on the loopholes they have in validating your account..customer service is atrocious.
- Industry: Apparel & Fashion
- Company size: Self Employed
- Used Monthly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 0.0 /10
Poor customer service
Reviewed on 27/2/2023
A customer disputed a transaction even though they kept the items they purchased then I was...
A customer disputed a transaction even though they kept the items they purchased then I was permanently banned from venmo with no explanation
Pros
Easy to use. Simple. Many people have it.
Cons
No explanation very poor customer care. Will never use again
- 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 10/1/2023
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: Consumer Services
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
My wife and I use this all the time
Reviewed on 4/8/2022
Pros
As a professional cosmetologist, my wife runs her own business. Venmo is one of the apps that she and I can use to have the customer easily and securely pay for the services. The ability to get a report for tax purposes makes it super convenient.
Cons
I would like to see a more up to date version with more options. Layout is too basic.
Reasons for Switching to Venmo
We use all of the apps. Some customers prefer the options.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.
