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Top Rated Venmo Alternatives

Venmo Reviews & Product Details

Venmo Overview

What is Venmo?

Give customers a seamless payment option with Venmo at checkout on your mobile website or app, and reap the social benefits of the Venmo platform—far beyond the moment of purchase.

Venmo Details
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Product Description

Give customers a seamless payment option with Venmo at checkout on your mobile website or app, and reap the social benefits of the Venmo platform—far beyond the moment of purchase.


Seller Details
Seller
PayPal
Year Founded
1998
HQ Location
San Jose, CA
Twitter
@PayPal
1,085,248 Twitter followers
LinkedIn® Page
www.linkedin.com
32,026 employees on LinkedIn®
Ownership
PYPL
Total Revenue (USD mm)
$21,454
Description

We're championing possibilities for all by making money fast, easy, and more enjoyable. Our hope is unlock opportunities for people in their everyday lives and empower the millions of people and businesses around the world who trust, rely, and use PayPal every day.


Anna U.
AU
Overview Provided by:

Recent Venmo Reviews

Francine C.
FC
Francine C.Small-Business (50 or fewer emp.)
5.0 out of 5
"Venmo for Business is easy to use and makes life easy if you need to send or receive payments"
Easy to use. Easy to set up. Links to business account for transfers and tracking.
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Venmo for Business offers another way to get paid"
Venmo for Business made it easy to get paid from clients as an alternative payment source and was easy to transfer the funds to the bank account.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"Super easy and seamless to set up!"
The automation functionalities that come with receiving payments and handling tax documents make it a no brainer!
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Venmo Media

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Video Reviews

211 Venmo Reviews

4.5 out of 5
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211 Venmo Reviews
4.5 out of 5
211 Venmo Reviews
4.5 out of 5

Venmo Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for VenmoQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Lisa U.
LU
Dog Trainer
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Venmo?

I don't understand what the benefit of using Venmo for business vs regular Venmo when they take such a big %. If I'm going to pay for a service I'd rather use square because it takes less % w more capability- which is why I don't use it often. That being said- customers who use venmo love that it's easy to use. It is easy to connect your bank info and get started though! And easy to pay people who also use venmo. Review collected by and hosted on G2.com.

What do you dislike about Venmo?

How much % they take and that they take more for instant transfer. At that point I'd rather use square because it has much more capability than Venmo for business and they take less %. I also wish they had features to "purchase" items and could integrate with acuity scheduling or pocketsuite. Their customer support is hard to contact also. Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

Getting touch less payment. It is much easier but I have had personal friends pay me on accident to my business and then I get a % taken on things I shouldn't have to pay a % on so just wish I never signed up. Also, Square has a lot more features and has better customer support Review collected by and hosted on G2.com.

Tamarah B.
TB
Freelance Fashion Blogger & Owner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Venmo?

I like how I am able to offer my potential clients and customers another way to accept their payments. I also have the ability to accept tips as well. It is pretty user-friendly. I can utilize for my clients for services rendered online, especially for those internationally. Review collected by and hosted on G2.com.

What do you dislike about Venmo?

I don't like how you are able to you only able to access it only via their App. I would like it to be also available via desktop. I would like to see more business-related features being added. I would also like for you to be able to customize the app to feature your specific business as well. Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

I am able to offer my clients and customers another way to accept payments for services that we provide. It also allows me to widen my range of clients and possibly offer more services online. I am also able to send or accept requests for payments directly to my clients online which a good portion of my business handles. Review collected by and hosted on G2.com.

Verified User in Management Consulting
UM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Venmo?

• Venmo for Business is informal and approachable for consumers.

• For use cases of small consumer transactions, Venmo is great. Many consumers are used to Venmo and trust it, it's easy and familiar for consumers to use to pay a business.

• Venmo for Business was very easy to set up with my bank account and start receiving payments. Review collected by and hosted on G2.com.

What do you dislike about Venmo?

• I work in a business with less frequent, but higher-doller transactions ($5,000-$50,000), so the limits mean I can only use Venmo for the occasional transactions.

• Many larger transactions fail, despite being within the Venmo limit range.

• This may not be Venmo's fault in every case, but I find it incredibly frustrating that when a transaction fails, I have to call Venmo AND my bank AND other banks involved. Trouble-shooting is NOT convenient. Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

We have adopted Venmo as a primary way of handling small reimbursements to our internal and to consultants. For small ($5,000 or less) expenses like travel, lodging, meals, and entertainment, Venmo has been easy and fast.

Whenever we can use Venmo, funds move quickly, like a wire, but we avoid the fees associated with wire transfers, like an ACH. Review collected by and hosted on G2.com.

Charles H.
CH
Lead Driver
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Venmo?

The ease of use for one. Everyone loves how fast, easy, and efficient transferring money can be. It's great for personal, but even better for business. More and more companies ar wising it. Hopefully everyone will. Review collected by and hosted on G2.com.

What do you dislike about Venmo?

I dislike the fact that not everyone is already using it

For business transactions... hopefully soon Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

Sending and receiving funds in the fly. It's so quick and instant. Review collected by and hosted on G2.com.

Verified User in Medical Devices
UM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Venmo?

I like that Venmo for Business has a really similar interface to personal use of Venmo, which is something that everyone on my team is really familiar with. Hence, we are able to make an easy transition to the business account. Review collected by and hosted on G2.com.

What do you dislike about Venmo?

Although Venmo business accounts come at no cost, there are unexpected additional fees associated with Venmo. For each transaction, Venmo Business charges a standard fee of 1.9%, along with an additional $0.10. Also, transfer limits differ between business and personal accounts. Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

Venmo for Business resolves issues related to transaction convenience, cost-effectiveness, account separation, transfer limits, user experience, and financial tracking, ultimately providing my business with a more efficient and organized financial management solution. We would not be as efficient financially as we are without Venmo for Business! A well worthy investment Review collected by and hosted on G2.com.

Francine C.
FC
Licensed Real Estate Agent - Elite Real Estate Solutions
Real Estate
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Venmo?

Easy to use. Easy to set up. Links to business account for transfers and tracking. Review collected by and hosted on G2.com.

What do you dislike about Venmo?

Wish that there was a way to print out "statements" by month for expense accounting. Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

When someone doesn't take a credit card, a lot of times they will have Venmo. So, makes it easy for me to track. Review collected by and hosted on G2.com.

Verified User in Leisure, Travel & Tourism
UL
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Venmo?

It makes the payment processing quick and easy for our business and vendors. Customer support was helpful when needed Review collected by and hosted on G2.com.

What do you dislike about Venmo?

So far everything has gone well. The sign up process was a little clunky for my partner. Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

Easy option for payment for US local freelance vendors. We primarily us Wise as we have many international clients but it is always more time consuming. Venmo is preferred for us when possible. Like the ability to review our transactions at a glance. Review collected by and hosted on G2.com.

Kathryn M.
KM
Senior Customer Success Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Venmo?

It works well to a point. The system is secure, keeps information safe and sound. Biggest factor for me is the alerts and the security measures taken to prevent scams Review collected by and hosted on G2.com.

What do you dislike about Venmo?

It can be difficult to authenticate with accounts and names. The verification process for identity is a bit cumbersome Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

The problem is it is hard to navigate the main page for each employee and then have to close out everything to start again Review collected by and hosted on G2.com.

Verified User in Photography
AP
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Venmo?

My favorite features of Venmo for Business is the user friendly interface/navigation, ease of receiving payments and transfering funds. The entire app is user friendly making it easy to navigate and find menu items. It's a reliable and legitimate payment app that we prefer to use with clients because of it's dependability. Review collected by and hosted on G2.com.

What do you dislike about Venmo?

I dislike the fees associated with Venmo for Business, but considering other payment app fees, they are very comparable to other apps if not less. Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

Payment option accessibility with more clients. Review collected by and hosted on G2.com.

Felix E.
FE
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Venmo?

provides a modern and friendly approach to more casual business exchanges, while still allowing me to keep track of all expenses adequately Review collected by and hosted on G2.com.

What do you dislike about Venmo?

the international limitations and additional fees Review collected by and hosted on G2.com.

What problems is Venmo solving and how is that benefiting you?

quick and simple way to do simpler or more casual transactions Review collected by and hosted on G2.com.