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.
Overall experience with Venmo is great. It is best for both personal and professional money exchange.
This is a paypal product and we all know about PayPal. The product have all the creatures of PayPal and in addition to that it offers several benefits as well. The feature that I like the most is the offers and cash back rewards which are very frequent and recurring. This product helped me a lot and saved me hundreds of dollars.
The product is very well overall but this is not an acceptable form of payment everywhere. Small businesses and companies, sores etc are not able to process the payments which went through Venmo. They should expands their reach.
VENMO CHANGED MY LIFE. Paying friends, student groups, organization, small businesses have never been easier.
Ok - if there is a software that I can say that TRUELY changed my life, it would be Venmo. Venmo is such an easy software to use to transfer money between people. Whether it be splitting the bill between coworkers or completing business transactions, Venmo is the #1 app. Forget Paypal - Venmo trumps all. No one carries cash anymore... Venmo has been an integral part of fundraising at Cal (and in my daily life). My organization and other student groups on campus use Venmo to collect payment for things that we sell on campus - such as food, stickers, trinkets, etc.
I wish there were business profiles for Venmo. For example, small businesses and organizations could create business profiles that many members of the organization can access so there can be more transparency with the funds.
My overall experience with Venmo has been amazing. Never have had any issues or problems with using the software. It’s constantly being updated and I just really can’t emphasize enough how much better it is than any other products I’ve looked into.
I love using Venmo to get paid and to pay others! It’s so easy and simple to use and the best part about it is that it’s free! Free to sign-up and free to send and receive money. A lot of other softwares make you pay fees to receive money and even send it which is totally annoying. With Venmo, I can get paid and transfer the money to my bank account totally free, and if I need to get the money instantly, then I can pay a small 1% fee to instantly transfer the funds into my account. Look no further, Venmo is a great option for handling funds!
The only thing I can say about Venmo as constructive criticism is that it would be so helpful if you could pay yourself! As a small business that accepts payment through Venmo, it’d be so nice to be able to pay myself from my business account to my personal checking. Other than that, I really think this software is awesome!
I use this app weekly for small payments and paybacks here and there. Sometimes a client asks to use this app instead of any other payment source so being able to track that is imperative. I have never had an issue with my funds with this app and that makes me feel secure and happy to keep using the app. I use it even more than paypal, cashapp or any other payments received app.
I've been using Venmo for years now and the main things I like about the app are ease of use and low/no fees. I constantly have people ask me if I use Venmo which means mainstream adoption. Its easy to send payments to others or receive them, especially with the QR code. And I've never had an issue with the app or transfer of funds. I love how funds are instant transactions and quickly done in a few moments time.
I feel it could use some more features such as transaction history, download .csv files and I don't feel the community feature really adds anything to the software itself. Literally no reason for it in my opinion. Perhaps allowing to buy, accept or transfer cryptocurrencies would be good (like Cash app does). I've heard rumors of limiting the amount of received funds in a month and some accounts have been blocked for this?
Did you know the root of the word convenient actually stems from the Latin word “ven”? That’s exactly what Venmo is. And the inspiration behind the name Venmo actually came from the word vendo/vendere; the Latin word “to sell”. Venmo is one of my favorite apps, I use on a daily basis. It has served as a lifesaver to me on many occasions when I did not have my wallet or cash in hand. You can transfer money to someone else almost instantly and will receive a notification when they have accepted the transaction, so you don’t have to wonder. Transfers from your Venmo to your banking account will show up as quickly as the next business day (as long as it doesn’t fall on the weekend or a holiday). One of the best features of Venmo is that you are not charged a transaction fee when you transfer money between your banking account using a debit card. But, the best part is the free entertainment… If you ever want a little laugh, go and take a look at some of the reasons other people have used Venmo. It’s pretty funny (especially over the weekends). If you are looking for a free, entertaining alternative to PayPal, Venmo will definitely satisfy your needs.
If your Venmo account is connected to a credit card you will be charged a small fee when you make transfers between the two. I would not necessarily see this as a fault in Venmo because you still have the free option available to you by using a debit card.
Contact Venmo for detailed pricing information.
Below are some frequently asked questions for Venmo.
Venmo offers the following pricing plans:
Pricing model: Free
Free Trial: Not Available
Contact Venmo for detailed pricing information.
Venmo offers the following features:
Venmo has the following typical customers:
Freelancers, Mid Size Business, Small Business
Venmo supports the following languages:
Venmo has the following pricing plans:
Venmo supports the following devices:
Android, iPhone, iPad
Venmo integrates with the following applications:
Venmo offers the following support options:
FAQs, Knowledge Base, Online Support, Phone Support