Venmo
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
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Reviews
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- Industry: Arts & Crafts
- Company size: Self Employed
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Just one thing That I need....
Reviewed on 2024/08/13
It is very convenient and can be used on any website. The platform is simple and provides easy...
It is very convenient and can be used on any website. The platform is simple and provides easy access for clients and friends. Additionally, there are no fees for transfers that take 1-3 days. However, my experience is not 100% satisfactory due to the issue with the Setmore website settings. If there were a way to resolve this, my satisfaction would be complete.
Pros
It is very convenient and can be used on any website. The platform is simple and provides easy access for clients and friends. Additionally, there are no fees for transfers that take 1-3 days.
Cons
One drawback I've encountered is that while I use Venmo on various websites for class bookings and payments, Venmo itself cannot process payments directly. I have to connect it to PayPal, which complicates the setup. Additionally, I would prefer to display only Venmo as a payment option on the Setmore website, but this isn't allowed due to Venmo being linked to PayPal.
- Industry: Consumer Services
- Company size: 51–200 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Better than Cash
Reviewed on 2024/02/04
Im a happy and satisfied user. I would reccommend it to anyone I know. If you're into cashless...
Im a happy and satisfied user. I would reccommend it to anyone I know. If you're into cashless transaction, Venmo is the way to
go.
Pros
convenient and so much better than carrying cash with you. You can use Venmo to pay any transactions. Your information is secured without any data breach.
Cons
sometimes there are down time using this app, but it rarely happens. You will get notified if there are any maintenance happening.
- Industry: Arts & Crafts
- Company size: 2–10 Employees
- Used Weekly 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 is not a Bank
Reviewed on 2023/09/21
My overall experience with Venmo good except for moving bunny from my checking to Venmo that I will...
My overall experience with Venmo good except for moving bunny from my checking to Venmo that I will never do again overall when I’m working up pop-up and people are paying me and I’m using my Venmo that’s wonderful.
Pros
QR code for scanning made it much easier for funds to be transferred specially when you’re at a busy pop-up.
Cons
I found out the hard way depositing $300 did not get cleared from my own bank Working days. Which strap me for cash for three days. And Venmo was no help on getting the money cleared..
- Industry: Health, Wellness & Fitness
- Company size: Self Employed
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 4.0 /10
An easy way to get paid
Reviewed on 2024/10/03
Venmo is an easy way for customers and clients to pay me without having to involve a card reader. ...
Venmo is an easy way for customers and clients to pay me without having to involve a card reader. It’s another option for clients to tip as well, without having to have cash on them, meaning I can get the full amount of the tip.
Pros
I like that you can easily provide your personal QR code for customers to link to and pay you.
Cons
I wish there was a free feature for businesses to add money to their Venmo accounts without having to sign up for the credit card.
- Industry: Food Production
- Company size: 11–50 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Ease of Use
- Likelihood to recommend 10.0 /10
Venmo is my go to
Reviewed on 2024/01/31
Pros
The instant verification of a transaction is my favorite, with the capabilities to instantly transfer funds to my bank account.
Cons
Zero problems ever with Venmo. It's my favorite app to use for payment processing.
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:
Braintree, PayPal
Q. What level of support does Venmo offer?
Venmo offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support
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