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

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    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

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    Square Payments

    4,7
    #3 Alternative to Venmo
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    Square Point of Sale

    4,7
    #4 Alternative to Venmo
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    Reviews

    Overall rating

    4,7 /5
    (8 142)
    Value for Money
    4,8/5
    Features
    4,6/5
    Ease of Use
    4,8/5
    Customer Support
    4,5/5

    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 8 142
    Rohit K.
    Overall rating
    • Industry: Management Consulting
    • Company size: 10 000+ Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

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

    Ideal Payment Processing Software for Small Businesses

    Reviewed on 2021/12/08

    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.

    Lena V.
    Overall rating
    • Industry: Veterinary
    • 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 7.0 /10

    Venmo for business is a must

    Reviewed on 2022/01/06

    I think Venmo is a great option for businesses to accept payments. It has trust, security, and...

    I think Venmo is a great option for businesses to accept payments. It has trust, security, and financial stability, so I don’t have to worry about mine or my customers information being stolen or my money being lost. I like that I am able to use across everything I need, from mobile payments to pos. It is so easy to use and I can track all of my sales and history easily.

    Pros

    I like the many payment options, the ease of use, and the trust I have for the company.

    Cons

    There are some features that should be more customizable, and the fees could be a bit more competitive.

    Alternatives Considered

    PayPal

    Reasons for Choosing Venmo

    The features were more convenient and it is easier to use and control my money.

    Switched From

    PayPal

    Reasons for Switching to Venmo

    It has more versatility
    Donald D.
    Overall rating
    • Industry: Transportation/Trucking/Railroad
    • Company size: 2-10 Employees
    • Used Weekly for 1-5 months
    • Review Source

    Overall rating

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

    Very confusing interface, not very user friendly

    Reviewed on 2021/12/14

    The the application called venmo is very difficult to use I still don't know how to get my money...

    The the application called venmo is very difficult to use I still don't know how to get my money out. I have a small amount of capital stuck in venmo that I have no idea how to get out and I can't get an answer from anyone in customer service to assist me and how to get my money out.

    Pros

    There wasn't much that I liked about this software it was full of glitches and run around clickbait. The ads were outrageous so I can't really say there was anything that I liked about this application. I uninstalled it and started using another service.

    Cons

    This software is very hard to use the interface is not user friendly you don't know how to get your money out. When you sign and you are brought to a screen that tells you your balance but there is no way to access it or make a payment or anything it pretty much leaves you sitting at a screen with the amount of money you have that you can't use.

    Alternatives Considered

    PayPal

    Reasons for Switching to Venmo

    I did not choose venmo I chose PayPal they offer a debit card a business card, and the interface is the easiest I have found to use to date. I have never had a problem locating withdrawing or paying with my PayPal account. Venmo was uninstalled and put in the trash can.
    Brian G.
    Overall rating
    • Industry: Consumer Services
    • 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

    Why your business needs Venmo!

    Reviewed on 2021/12/22

    I love using Venmo and prefer it to any other payment method - its just so darn easy to use! I love...

    I love using Venmo and prefer it to any other payment method - its just so darn easy to use! I love it and you will too!

    Pros

    With Venmo your business never has to sacrifice an order for payment issues!
    Venmo remains a top competitor in the payment processing market because of its versatility, ease of use, reliability, support and recognition - if you don’t have Venmo these days people start wondering what rock you’ve been hiding under!
    Venmo’s user analytics and usability are top of the line and will make the payment of every sale the easiest part of the process!

    Cons

    I have nothing bad to report, the app is practically flawless for the purpose it serves! If there’s anything to perhaps improve upon initially it would be the inclusion of crypto currency as crypto will continue to rise in popularity around the world.

    Alternatives Considered

    PayPal and Facebook for Business

    Reasons for Choosing Venmo

    I use both but prefer Venmo for the fee structure, ease of use, and social acceptance - PayPal is great but it’s also potentially more dated and less popular with the younger generations.

    Switched From

    PayPal

    Reasons for Switching to Venmo

    Venmo is again just the easiest to use and most popular amongst the younger generations. It’s trusted, reliable, and so easy anyone can do it!
    Georgia C.
    Overall rating
    • Industry: Business Supplies & Equipment
    • 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 Supports Entrepreneurs

    Reviewed on 2021/12/16

    I was having problems selling from my catalog because of a lack of variety in payment options. With...

    I was having problems selling from my catalog because of a lack of variety in payment options. With a suggestion of this software to my clients as an added method of payment that problem has been resolved.

    Pros

    The best feature of this product is the ease-of-use. Transactions are recorded for both buyer and seller giving extra security all around. These two features make this product a must-have for startups for entrepreneurs.

    Cons

    I honestly cannot think of one thing that I dislike about this product.

    Alternatives Considered

    Stripe

    Reasons for Switching to Venmo

    I chose venmo over stripe because of the popularity a venmo in my business and client circles.
    Showing 5 reviews of 8 142 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.