Venmo

Venmo for Business

Composite Score

7.9 /10

CX Score

8.1 /10

34 Reviews Write a Review

Claim Software

What is Venmo for Business?

Accept Venmo payments in your app, online, or in person and tap into our active community of more than 60 million people.

Company Details

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Awards & Recognition

Venmo for Business won the following awards in the Payment Processing category

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3 Top Rated Capabilities

6 Top Rated Features

2024

1 Top Rated Capabilities

5 Top Rated Features

2023

3 Top Rated Capabilities

4 Top Rated Features

2022

Venmo for Business Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Venmo for Business.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

88 Likeliness to Recommend

98 Plan to Renew

89 Satisfaction of Cost Relative to Value

Product Experience

Negotiation and Contract

Conflict Resolution

Strategy & Innovation

Service Experience

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Emotional Footprint Overview

Product Experience:: 95%
Negotiation and Contract:: 90%
Conflict Resolution:: 93%
Strategy & Innovation:: 90%
Service Experience:: 96%

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+92 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Venmo for Business?

0% Negative

4% Neutral

96% Positive

Pros

Efficient Service
Performance Enhancing
Effective Service
Saves Time

Feature Ratings

Average 85

Mobile Payments

Credit Card Processing

Digital Wallet Integration

Multi Currency

Security

Recurring Payments

Integration With Accounting System

Reporting Analytics

POS Integration

E-Commerce Integration

POS Verification

Vendor Capability Ratings

Average 82

Ease of Implementation

Ease of Customization

Business Value Created

Availability and Quality of Training

Usability and Intuitiveness

Ease of IT Administration

Breadth of Features

Quality of Features

Product Strategy and Rate of Improvement

Vendor Support

Ease of Data Integration

Venmo for Business Reviews

Kurt F.

Role: Information Technology
Industry: Healthcare
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jun 2021

Easy to move money around and pay for services!

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Easy to find folks to send payment too.

What is your favorite aspect of this product?

Social aspect!

What do you dislike most about this product?

No integration with Paypal

What recommendations would you give to someone considering this product?

Quality product.

Pros

Saves Time
Helps Innovate
Continually Improving Product
Reliable

Libby B.

Role: C-Level
Industry: Entertainment
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Mar 2021

Venmo makes things easy!

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

They don’t take a cut of the payment you receive and only charge the customer if they are using a credit card.

What is your favorite aspect of this product?

The fact that they don’t deduct anything when you receive a payment. I also appreciate the fact that I have the option of keeping my funds in my Venmo account or transferring them to my bank account. There’s also no monthly maintenance fee for keeping funds in my Venmo account which I also appreciate.

What do you dislike most about this product?

I do wish I had the option to choose my fu sing source when making a payment via Venmo. As of now if there is enough money in your Venmo account, all payments automatically come from there. Sometimes I’d rather be able to leave that money untouched and pay via Venmo using a different card.

What recommendations would you give to someone considering this product?

I’d say 100% sign up! It is the fastest and most convenient way to send and receive money. I’d also suggest getting the Venmo card as it is accepted in so many places, it really just adds to the convenience factor.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Role: Industry Specific Role
Industry: Healthcare
Involvement: End User of Application

Validated Review

Anonymous Reviewer

Submitted Jul 2021

Fantastic product

Likeliness to Recommend

10 /10

Pros

Continually Improving Product
Helps Innovate
Performance Enhancing
Unique Features

Venmo for Business

What is Venmo for Business?

Company Details

Need Assistance?

Awards & Recognition

Venmo for Business Ratings

88 Likeliness to Recommend

98 Plan to Renew

89 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

Emotional Footprint Overview

+92 Net Emotional Footprint

How much do users love Venmo for Business?

Chart

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Mobile Payments The ability to process mobile payments from a mobile wallet or other mobile phone payment app

Credit Card Processing The ability to process credit card payments and receive approval or rejection of funds from the customer's bank

Digital Wallet Integration The ability to process payments from a digital wallet service or another digital payment method

Multi Currency Allows users to process payments in multiple currencies

Security Built-in security to protect payment information to prevent fraud and hacking

Recurring Payments The ability to schedule payments at a cadence

Integration With Accounting System Provide integration with accounting software and ERP systems

Reporting Analytics Reports and analytics created from payment data

POS Integration The ability to integrate with a POS system to allow the processing of credit card or mobile payments in a store setting

E-Commerce Integration The ability to integrate directly with an e-commerce platform to create a seamless checkout experience

POS Verification Support cardholder verification methods for POS transactions

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Venmo for Business Reviews

Kurt F.

Easy to move money around and pay for services!

Likeliness to Recommend

Pros

Libby B.

Venmo makes things easy!

Likeliness to Recommend

Pros

Fantastic product

Likeliness to Recommend

Pros

Most Popular Venmo for Business Comparisons

Amazon Pay

Stripe Payments

Square Payments

BlueSnap

GoCardless

Paypal Braintree

Feature Ratings

Mobile Payments

Credit Card Processing

Digital Wallet Integration

Multi Currency

Security

Recurring Payments

Integration With Accounting System

Reporting Analytics

POS Integration

E-Commerce Integration

POS Verification

Vendor Capability Ratings

Ease of Implementation

Ease of Customization

Business Value Created

Availability and Quality of Training

Usability and Intuitiveness

Ease of IT Administration

Breadth of Features

Quality of Features

Product Strategy and Rate of Improvement

Vendor Support

Ease of Data Integration