Venmo for Business Logo
Venmo for Business Logo
Venmo

Venmo for Business

Composite Score
8.1 /10
CX Score
8.4 /10
Category
Venmo for Business
8.1 /10

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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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.

87 Likeliness to Recommend

1
Since last award

98 Plan to Renew

88 Satisfaction of Cost Relative to Value

1
Since last award


Emotional Footprint Overview

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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?

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0% Negative
4% Neutral
96% Positive

Pros

  • Efficient Service
  • Performance Enhancing
  • Trustworthy
  • Effective Service

Feature Ratings

Average 85

Mobile Payments

90

Credit Card Processing

89

Digital Wallet Integration

87

Recurring Payments

87

Security

87

Multi Currency

86

POS Integration

84

Integration With Accounting System

84

E-Commerce Integration

83

POS Verification

83

Reporting Analytics

83

Vendor Capability Ratings

Average 82

Ease of Implementation

86

Ease of Customization

84

Business Value Created

84

Availability and Quality of Training

84

Usability and Intuitiveness

83

Ease of IT Administration

82

Breadth of Features

80

Quality of Features

80

Product Strategy and Rate of Improvement

79

Vendor Support

78

Ease of Data Integration

78

Venmo for Business Reviews

Ryoko W.

  • Role: Information Technology
  • Industry: Technology
  • Involvement: Business Leader or Manager
Validated Review
Verified Reviewer

Submitted Oct 2021

Electronic Payments using Venmo

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

I can quickly attach my bank or credit card details to make payments with Venmo. 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.

What is your favorite aspect of this product?

I like its QR code reader, it is super useful and very modern. I find it flattering that Venmo has a good security system for the protection of information. It has a fairly wide user community and that has helped me to grow economically since many people already use it regularly, and this could be due to how easy it is, you do not have to take any course to be able to manipulate it, that allows that even older people can use it without problem.

What do you dislike most about this product?

The monthly limits of transactions could be extended, I say this because there are limits in relation to the money that can be handled monthly, this could make large companies fall short with their transactions. Technical support could also be improved, since most of the system is robotized and it is difficult to reach a real person to solve any requirement.

What recommendations would you give to someone considering this product?

I recommend Venmo to people or companies who want to enter the digital economy. With Venmo you can have control over your finances and make transactions much faster than normal. And what I find interesting is that their commissions are quite accessible to all audiences. All good service deserves to be recognized and it seems to me that more people in the world should take the opportunity to try out technologically advanced systems such as Venmo.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Minak S.

  • Role: Consultant
  • Industry: Technology
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Oct 2021

Faster & Simple Payment Collecting Platform

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Allow consumers to pay with Venmo at the transaction of your smartphone site or app, and gain the social advantages of the Venmo network long after the transaction. It is a helpful new tool in some businesses, mostly used to receive cash from customers and to ensure certain deals with specific suppliers. We were able to eradicate the need for checks entirely using this technique. These all things are unique in Venmo than other platforms.

What is your favorite aspect of this product?

I'm a huge fan of Venmo. I use it almost every day, whether for colleagues, relatives, or business requirements. Venmo has a benefit over other technologies such as PayPal in that it allows free transactions among members. This is a desirable feature since no one wants to be charged a fee every time payment is being sent or received. I particularly appreciate the fact that I can collect or make deposits straight from my bank, through mobile phone, or online.

What do you dislike most about this product?

The one thing I don't like about the default configuration is that they share open activities, which I believe should be deactivated by the standard. However, in general, the program has been excellent, and I have had no serious issues.

What recommendations would you give to someone considering this product?

Amazing, a simple-to-use program that I recommend you use everywhere, at any time. Venmo payments are instantly deposited to any bank account and appear in seconds. It is now, in my opinion, the greatest rapid market maker in a smartphone or tablet. The company is quite strong and deserves a shot.

Pros

  • Reliable
  • Enables Productivity
  • Trustworthy
  • Efficient Service

Lingh F.

  • Role: Sales Marketing
  • Industry: Technology
  • Involvement: IT Leader or Manager
Validated Review
Verified Reviewer

Submitted Sep 2021

One of the best mobile-payment systems

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Venmo is a payment service that allows users to send direct bank transfers (ACH) or card payments to one another through a cell phone application that is extremely simple to use and accessible thanks to its QR feature.

What is your favorite aspect of this product?

It was extremely simple to set up and use. It's convenient to be able to invoice vendors and pay personal bills no matter where I was or what time it was. People in the film industry do not work regular hours and prefer to be paid only when their work is finished. Venmo, which eliminates the need for a wait, makes this possible. So far, I've had no problems using Venmo to pay vendors. I can always go back and look for transaction records.

What do you dislike most about this product?

The only thing I would change, and this is entirely subjective, is to have more payment subject images available for use in posting transaction details.

What recommendations would you give to someone considering this product?

Venmo is a fantastic tool for contract collection and payment, and I highly recommend it. It's easy to use and offers a variety of payment options.

Pros

  • Helps Innovate
  • Reliable
  • Performance Enhancing
  • Enables Productivity

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