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

Serena S.

Role: Sales Marketing
Industry: Other
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Dec 2021

Nice to have, easy to use!

Likeliness to Recommend

8 /10

What differentiates Venmo for Business from other similar products?

Venmo for business make collecting payment for a business owner really simple without tons of fees. It's less formal than Stripe for example but is much better than cash or paypal.

What is your favorite aspect of this product?

The ease of use does it for me! Especially because I'm so familiar with it on the personal side of things.

What do you dislike most about this product?

It's not a full blown payment processing system.

What recommendations would you give to someone considering this product?

Great starting point POS set up. I think people should avoid using cash and track payments if they're in the small business space. It'll help you get ahead in the end. Venmo business helps you do that.

Pros

Helps Innovate
Continually Improving Product
Reliable
Trustworthy

Mario L.

Role: Sales Marketing
Industry: Media
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Nov 2021

we have used mobile software in the past

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

The user interface is very intuitive and it is very easy to manipulate the content so that the other person pays you from anywhere they are very easy since they do not have to have your bank details for the other person to pay you in my opinion, the best part is their customer service. Whenever I hit a bump in the road, I would simply call customer service and an agent could guide me. I know it was my first day and my first experience with your customer service, but my mother also told me "if your relationship (business or personal) starts badly, it will most likely end badly.

What is your favorite aspect of this product?

their customer service leaves a lot to be desired, I called on the first day of using this product and the customer service was excellent I have shopped quite a bit and have yet to find any card processing companies offering lower or more comprehensive fees we have used software mobile in the past, while the other software works fine.

What do you dislike most about this product?

A little harder to navigate until you get used to it. It doesn't offer same-day financing like most other mobile apps.

What recommendations would you give to someone considering this product?

On the rare occasions that my staff or I have had to call customer service, we had a short wait to speak to a live person, and our issue was always easily fixed. I also appreciate that venmo customer service has always been careful not to share my personal information with my staff.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

wu l.

Role: Sales Marketing
Industry: Technology
Involvement: IT Leader or Manager

Validated Review

Verified Reviewer

Submitted Nov 2021

money transfer service with a social media compone

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Venmo is a peer-to-peer (P2P) money transfer service with a social media component: Money can be sent or requested in the form of emoji-laden text messages displayed in a Facebook-style feed. Don't worry, transfer dollar amounts are always kept private, and you can specify whether your payments are visible to everyone, shown only to friends, or kept private.

What is your favorite aspect of this product?

It is an excellent piece of software for quickly and easily sending money to family and friends. It is suitable for both personal and commercial use. It offers a simple and effective platform for sending and tracking money in large, small, or public groups. Furthermore, the customer service is outstanding. They provide a mobile as well as a web interface

What do you dislike most about this product?

I have not yet discovered anything I dislike about tool yet.

What recommendations would you give to someone considering this product?

Venmo is the way to go if you want people to pay you quickly and easily. They even let me get free products from them.

Pros

Inspires Innovation
Saves Time
Fair
Friendly Negotiation

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

Serena S.

Nice to have, easy to use!

Likeliness to Recommend

Pros

Mario L.

we have used mobile software in the past

Likeliness to Recommend

Pros

wu l.

money transfer service with a social media compone

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