Venmo Pros and Cons

I like that you can see report on all transactions and it's easy to use Review collected by and hosted on G2.com.

I don't like the fees to receive funds sooner but understand why this is in place from business stand point Review collected by and hosted on G2.com.

It's a very useful tool for any payments Review collected by and hosted on G2.com.

Sometimes the fees can be extremely high Review collected by and hosted on G2.com.

1) The user Interface of Venmo is very good, and it provides a smooth experience to the users.

2) The Venmo website and application both allow users to make payments in a secure way. Review collected by and hosted on G2.com.

1) Venmo takes quite a while to transfer money from one account to another.

2) Many transactions using Venmo get cancelled, and the money gets stuck for about a week. Review collected by and hosted on G2.com.

It is very easy to store payment information in one area and be able to pay for items. All I have to do is remember the login information and materials can be ordered for the clinic in a snap. Review collected by and hosted on G2.com.

If you have 2-step verification turned on, it can be difficult to login, but it is eventually accessible. The two step verification is handy to use to make sure the account is not compromised but its a safety measure. Review collected by and hosted on G2.com.

The fees for receiving payments are by far the lowest. Venmo for business only charges 1.9% + .10 per transaction, whereas most competitors charge a minimum of 2.9% + .30 per transaction. Review collected by and hosted on G2.com.

It's not as secure or trusted as some of the other payment apps out there. A lot of customers I've encountered just don't feel as safe sending money through Venmo. Review collected by and hosted on G2.com.

Venmo has given me excellent results for my business, even within my work environment, I feel that its use has been very appropriate. We have been using venmo for several years now and I have not had many problems with payment processing. It gives me and my clients a lot of security when charging for a service, in addition, most people can handle it easily, but just in case, the platform has a good base of information on their usage policies and that makes us all quite aware of the correct use and handling of the application.All payments are processed fairly quickly so there is no need to wait for third party approval to release the money and have it reflected in the accounts. In addition, it has very good rates of use and unlike others, you do not have to be paying commissions and fees for everything that is done with it. Its interface is very up-to-date and meets everything required to avoid problems. Review collected by and hosted on G2.com.

Well, I have had some trouble adding some bank accounts to the payment system. The times that are taken for the validation of accounts, sometimes tend to take a long time, it would be good to reduce those times, and more taking into account that it is a process that they carry out every time I add a new account, although I remain the only owner of all. Review collected by and hosted on G2.com.

I love the fact that I can use Venmo to allow people to pay me from anywhere. I can get my money right away because it can connect to my bank account. So no worries on my end! Review collected by and hosted on G2.com.

The only thing that I do not like about Venmo is the fact that other people can see who you are paying and what you are paying them for. Review collected by and hosted on G2.com.

I really like the easy and fast process that you can send and receive money and you can use it everyday Review collected by and hosted on G2.com.

Probably that all your contacts can see your transactions and you can see their transactions as well, it would be great that you can have the option to choose not do it Review collected by and hosted on G2.com.

I like to use Venmo, as well as a few other e payment services, for paying contractors, paying referral fees, and also making purchases. One thing I really like about Venmo vs. alternatives is that they don't try to trick you into fees. That is a BIG plus! No one wants to pay unnecessary fees! Review collected by and hosted on G2.com.

My main dislike with Venmo is seeing all of my "contacts" payments. I never understood why they set their app up like that. I don't care who pays who for what. I just want to get in, find who I need to pay, pay them and move on. I hope they will change that option in future releases. Review collected by and hosted on G2.com.

What I like about Venmo is tha it is a mixture of apayment processor with a social netwotk, where people can see the profile photo of the person or bussines where they send the money. This makes it more user-friendly since it is not the typical transaction to a bank account, but it shows a bit the human side of a business. Review collected by and hosted on G2.com.

From my point of view, the percentage that Venmo takes for each sale is a bit expensive, and it should be lower to help small Bussiness grow and take advantage of this platform. Review collected by and hosted on G2.com.