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.


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.

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    Not sure about Venmo? Compare with a popular alternative

    Starting Price

    No pricing found
    US$60.00
    month

    Pricing Options

    Free version
    Free trial
    Free version
    Free trial

    Features

    13
    81

    Integrations

    2
    7

    Ease of Use

    4.7 (9,124)
    4.7 (476)

    Value for Money

    4.8 (9,124)
    4.5 (476)

    Customer Service

    4.4 (9,124)
    4.4 (476)
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    Reviews

    Overall rating

    4.7 /5
    (9,124)
    Value for Money
    4.8/5
    Features
    4.6/5
    Ease of Use
    4.7/5
    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 9,124
    Eric R.
    Eric R.
    Overall rating
    • Industry: Internet
    • Company size: 2–10 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

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

    Venmo is a great consumer product with limited use for business

    Reviewed on 7/6/2021

    Venmo's incredible ease of use makes it essential for interacting with other people with whom I...

    Venmo's incredible ease of use makes it essential for interacting with other people with whom I might loan or pay money for simple things. For vendors, it's a solid way to get access to credit card payments with okay fees.

    Pros

    Venmo is dead simple to use, with the QR code scan and effortless options to ask for payments or send them. The number of people who signed up for Venmo also helps - most younger folks are on it.

    Cons

    The social aspect of the software is a bit odd in that I'm not in the least bit interested in what my friends are paying one another for. When people get funny, I suppose it could be entertaining but too much of the feed is people paying each other for rent, groceries and other mundane stuff. Additionally, this present a business challenge where you need to be cautious about posting your purchases if it's a private purchase for your business.

    Alternatives Considered

    PayPal

    Reasons for Choosing Venmo

    Venmo is easier and in use by more people than PayPal.

    Switched From

    PayPal

    Reasons for Switching to Venmo

    More people have Venmo and it's not tied to Zelle's limited bank list.
    Chris
    Overall rating
    • Industry: Fine Art
    • Company size: 1,001–5,000 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

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

    Venmo For Everyone

    Reviewed on 8/2/2024

    I love using Venmo. It has made sending and receiving money so easy.

    I love using Venmo. It has made sending and receiving money so easy.

    Pros

    I like the ease of use with Venmo. I can easily attach Veno to my bank account and send/ receive payments. It is so much faster than going out and withdrawing money. I have even used it as a payment option when I held a garage sale.

    Cons

    To transfer a balance to your bank account it either costs a percentage from you to have it deposited immediately or you have to wait 3 business days. Don't even try to transfer on the weekend.

    Cathy
    Cathy
    Overall rating
    • Industry: Internet
    • Company size: 2–10 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 6.0 /10

    By DEFAULT, all transactions are set to PUBLIC view!

    Reviewed on 4/6/2022

    It's impossible not to like Venmo. Everyone and their in-laws are using Venmo. No need to do...

    It's impossible not to like Venmo. Everyone and their in-laws are using Venmo. No need to do anything, when everything has been done for you, right? It's Venmo all the way people!

    Pros

    This is a social (relational) payment App, which makes it impossible for you NOT to find the person that owes you money and vice versa. With just very few information required upon signing up, you can begin to send or receive money to anyone, so long as they, too, have the Venmo App. The discreetness of Venmo is that no one can see where your money is coming from and going to. I'm referring to your bank accounts of course. Also, if the need ever arises that you would need to find someone, no worries, you would know who and who and who they were connected to.

    Cons

    The world of Venmo (everyone that is using Venmo) will be able to see what's happening down in your world of cash flow. Sugar Daddys? Cougar Mommas? Who you owe? Who owes you? By DEFAULT, all transactions are set to PUBLIC view. So unless, you want the world to know where your money flows, give special attention to your privacy status when you're in Venmo world.

    Verified Reviewer
    Overall rating
    • Industry: Accounting
    • Company size: 2–10 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

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

    Venmo

    Reviewed on 23/11/2023

    I love Venmo it’s a great app to exchange money!

    I love Venmo it’s a great app to exchange money!

    Pros

    I love the fact that it’s easy to send and recieve money

    Cons

    That if you attach it to Zelle your funds will pending for 15 min

    Jacob
    Overall rating
    • Industry: Arts & Crafts
    • Company size: 2–10 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

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

    Venmo for business use

    Reviewed on 1/2/2024

    Venmo is a great tool to use for any business! It's quick and easy to use with little to no...

    Venmo is a great tool to use for any business! It's quick and easy to use with little to no downside. The payment processing is quick and detailed! Sometimes venmo crashes when you need it most but overall I am very satisfied with my choice to use it for my business

    Pros

    Venmo has quick payment processing and explains every step of the way where your money is at in the process. When someone pays for an item it notifies you immediately

    Cons

    Venmo can crash at times and cause major headaches when you need it most.

    Showing 5 reviews of 9,124 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:

    Braintree, PayPal

    Venmo offers the following support options:

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

    Related categories

    See all software categories found for Venmo.