Venmo

Venmo for Business

Composite Score

8.1 /10

CX Score

8.4 /10

35 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.

87 Likeliness to Recommend

1
Since last award

98 Plan to Renew

88 Satisfaction of Cost Relative to Value

1
Since last award

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
Trustworthy
Effective Service

Feature Ratings

Average 85

Mobile Payments

Credit Card Processing

Digital Wallet Integration

Recurring Payments

Security

Multi Currency

POS Integration

Integration With Accounting System

E-Commerce Integration

POS Verification

Reporting Analytics

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

Akira A.

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

Validated Review

Verified Reviewer

Submitted Sep 2021

The best application

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Allow clients to pay with Venmo at checkout on your mobile website or app, and you'll reap the social benefits of the Venmo network even after the sale has been completed.

What is your favorite aspect of this product?

I like that I can take payments from people all over the world using Venmo. I can get my money immediately away because it can connect to my bank account. So don't be concerned about me.

What do you dislike most about this product?

The only thing I don't like about Venmo is that others can see who you're paying and what you're paying them for.

What recommendations would you give to someone considering this product?

This is a safe and secure option for your business, it is definitely suggested that you put your plan into action.

Pros

Helps Innovate
Enables Productivity
Trustworthy
Caring

yoko c.

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

Validated Review

Verified Reviewer

Submitted Sep 2021

the best choice in digital transfers

Likeliness to Recommend

8 /10

What differentiates Venmo for Business from other similar products?

Transfer money with the help of an app. Venmo is a social media-integrated peer-to-peer money transfer app. Money can be sent or requested via text message using emojis and a news feed similar to Facebook. There's no need to be concerned, as the dollar amounts of transfers are always kept private and you have full control over who sees them. Choose whether or not the public, a select group of friends or your complete confidentiality can see your payments

What is your favorite aspect of this product?

Sending money is a cinch when using Venmo. With their QR option, I can instantly send money and have it go directly into my bank account, which is extremely convenient for me. It's the best option for you at the moment, in my humble opinion.

What do you dislike most about this product?

Check your privacy settings to make sure your payment history isn't automatically shared with the public. Keep in mind when making future updates that payments from outside of the United States will not be accepted.

What recommendations would you give to someone considering this product?

It's been a breeze for me to send and receive money using this method, and it also works with other payment options. This is a great workaround for when I don't have access to Venmo and need to send money to friends and family without depleting my savings. Venmo saved the day for all three of us.

Pros

Reliable
Enables Productivity
Trustworthy
Inspires Innovation

Nina R.

Role: Sales Marketing
Industry: Communications
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Sep 2021

Venmo, Reliable Transfer!

Likeliness to Recommend

8 /10

What differentiates Venmo for Business from other similar products?

The easiest comparison with Venmo is PayPal, the latter allows secure payments and money transfers by email, and Venmo is a digital wallet that allows customers to send money and make purchases through a mobile device, the The difference is that the latter is free, and has no minimum limit for transactions.

What is your favorite aspect of this product?

Venmo brings to the market a payment gateway solution that allows any business to offer their clients fundraising options, through their mobile applications or web portal, accepting credit cards and other electronic payment methods. It continuously implements the most advanced information management methods, ensuring that our platform is as robust, dynamic and stable as possible.

What do you dislike most about this product?

The commissions are somewhat high. With some exceptions, the commissions associated with electronic payment systems are usually quite high. Sometimes too much. Low levels of connectivity mean that this alternative (online payment) is not a common denominator for all people

What recommendations would you give to someone considering this product?

Protect yourself from fraud and increase authorization rates on each payment using our machine learning tool and data from millions of companies.

Pros

Performance Enhancing
Enables Productivity
Trustworthy
Efficient Service

Venmo for Business

What is Venmo for Business?

Company Details

Need Assistance?

Awards & Recognition

Venmo for Business Ratings

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

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

Recurring Payments The ability to schedule payments at a cadence

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

Multi Currency Allows users to process payments in multiple currencies

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

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

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

Reporting Analytics Reports and analytics created from payment data

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

Akira A.

The best application

Likeliness to Recommend

Pros

yoko c.

the best choice in digital transfers

Likeliness to Recommend

Pros

Nina R.

Venmo, Reliable Transfer!

Likeliness to Recommend

Pros

Most Popular Venmo for Business Comparisons

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BlueSnap

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Paypal Braintree

1
Since last award

1
Since last award

Feature Ratings

Mobile Payments

Credit Card Processing

Digital Wallet Integration

Recurring Payments

Security

Multi Currency

POS Integration

Integration With Accounting System

E-Commerce Integration

POS Verification

Reporting Analytics

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