Venmo Reviews

It is quick and simple to use. Finally, but certainly not least, it has a large user base, which means that many of your connections may already be using it. Venmo's success may be attributed in large part to its simplicity of use. There is very little of a learning curve. You may download it and begin sending and receiving money within minutes of installing it. Using Venmo to divide costs is also a breeze since it provides an on-screen calculator when you transfer or request money from someone. You may also send or request the same amount from several people at the same time if you're sharing a bill with a group of people.

Once you've made a payment via Venmo, there is no way to reverse it. The money is sent promptly to the intended recipient. If you need a payment to be refunded, Venmo advises that you contact the receiver and request the money back. Other than that, you may request that Venmo's customer service reverse the payment on your behalf; however, they can only do so if the receiver accepts, if their account is in good shape, and if they still have the cash in the bank.

Venmo is fast and easy to set up. Within a few minutes you can start taking payment for services and products sold. You can get paid in several different ways and even if the person doesn't have their card available.

If you close down an account and open a new one, it is difficult to link accounts and get the debit card to work. You cannot have multiple business accounts attached to your personal account. If you change the name of the business it can be difficult to change over.

Takes a few simple steps to set up and start your account/link to your bank. So many people use this app that i rarely find someone who doesn't have it. Makes going out and splitting the bill with friends so much easier - to paying your babysitter, hairdresser, or the person who grabbed coffee for you, and so much more in a matter of seconds. People can also charge you or you can charge others when they owe you to help remind them and stay organized. Besides using the app, they push notifications to you every time someone pays or charges you, as well as when you make payment to someone. They will even send you an email to help stay on top of things.

Only down side to this working in fundraising and as someone who makes philanthropic donations, many people want to donate through venmo but the platform isn't currently set up for this capability. I believe they are in a pilot mode for this capability but doesn't feel like they are moving fast enough on it and once it does go live, will it be easy to implement? Larger organizations have trouble with this, while i see smaller, less complex organizations being able to implement well. Huge potential though for this software!

Super easy to transfer funds to anyone. Literally takes less than 30 seconds to request or send money. No more "not collecting" from friends for "their share" of the night out, you just send a "request". Very easy to send a tip or pay a babysitter.

You can't tie your VENMO to a savings account.
Must have a cell number, google voice doesn't count.
Can be hard to search for people.
Setting default is "public" meaning others can see who you have sent money to and what you wrote in the comments.
You must write something in the comments or put an emoji for each transaction even if you don't want to.

Venmo makes it really easy to send and receive money to friends, family and businesses.

The setup is relatively painless, especially if your bank supports "Plaid" verification (otherwise you will need to manually enter your bank account info and wait a day or two for verification). Venmo also support sending/receiving payment via credit cards or debit cards, but with a 3% processing fee.

In addition, Venmo supports business profiles (as by default, theoretically, your profile is for personal use only).

The absolute biggest downside to Venmo is its questionable privacy policies and settings. By default, all of your transactions are made public, anyone who knows your username can see what transactions you have made (both sending and receiving). You can change these settings, but Venmo makes it unnecessarily difficult - first you need to change your privacy settings to "private," making all of your future transactions private; second you need to make all of your past payments private, as even by changing your settings to "private" this will only affect future transactions. Perhaps more troubling is that Venmo largely hides its privacy policies.

Business profiles are nice, as to make it more "legitimate," but they do come at a cost of 1.9% + 10¢ per transaction. This is fairly typical, but it is always frustrating that the same service is free for personal use but not for business use.

I use this app to pay my rent and to send money to friends and family. There is a really cool feature that allows me to decide if I need my money right now for a small fee or in 3-5 business days for no fee. I have never came across an issue to where the instant transfer did not go through. I can't tell you how important it is to get your money ASAP when you have an emergency and Venmo always came through for me! It's so easy to manage I was able to teach my mom over the phone how to manage the software.

Recently the fee's for this app have gone up. I don't like that they are basing it off how much you are sending/receiving. It should be the same fee overall. Increasing the fee just makes me want to use the free money transfer apps such as Zelle. Also instead of rewarding users for sending money and using the app, they have a limit. For example if I send $ more than 5 times a week they start adding an additional fee.

I love the ability to send money and personalize the memos that go with it. It is much more personal, fun, interactive, and user friendly compared to PayPal. There is also the ability to transfer money into your account quickly if you need the funds for a very low cost. The interface is easy to use and understand for everyone who is of the eligible age to use Venmo. You can transfer money for whatever reason! I personally use it for bills and even research incentives for research participants.

I love everything about Venmo. I find it easy to use and I have no problems with using it. Some people may find the verification process annoying however, it is a way to make sure your bank account and personal information is not being breached.

I love how quickly this app sends and receives money, I appreciate the privacy and security, I have never once had an issue with any discrepancies. Never had a payment not go through.

The only two issues I do have with this software is that I don’t wish to see all the past payments I’ve made to other people, and if someone is using my phone to make a payment I don’t want the past payments visible.
Also I wish for venmo to accept more prepaid cards.

I love using Venmo to get paid and to pay others! It’s so easy and simple to use and the best part about it is that it’s free! Free to sign-up and free to send and receive money. A lot of other softwares make you pay fees to receive money and even send it which is totally annoying. With Venmo, I can get paid and transfer the money to my bank account totally free, and if I need to get the money instantly, then I can pay a small 1% fee to instantly transfer the funds into my account. Look no further, Venmo is a great option for handling funds!

The only thing I can say about Venmo as constructive criticism is that it would be so helpful if you could pay yourself! As a small business that accepts payment through Venmo, it’d be so nice to be able to pay myself from my business account to my personal checking. Other than that, I really think this software is awesome!

I loooooove Venmo! My favorite thing is that it’s safe because it’s completely controlled by you and only you! They also have tons of new features like a debit card. Plus they have customer service reps ready to help you with whatever, whenever! So you can send and receive money any time from anybody that has a Venmo account. Why is that special? Because it’s painless and timeless! This is my #1 app for transactions because it gets them done in no time. If your anything like me, I’m always on the go between kids, there sports, and work this app just really speeds things up when I need it most!

I think the only downside of Venmo for me is that my transactions are public so anybody that has a Venmo account can see them. It’s not bad per se but it’s not something I love.

I absolutely love using Venmo to send and receive money! It's so easy and convenient, making it a great way to quickly send someone money without having to worry about cash or checks. I also really appreciate the security features that are in place with Venmo. They make sure my information is protected and secure when sending payments, which gives me peace of mind knowing that my sensitive data is safe. I think Venmo has an amazing user interface that makes transferring funds fast and straightforward. The ability to personalize transactions by attaching notes has been a fun addition as well; it adds an extra level of personalization when sending payments back and forth between friends or family members for various reasons.I'm very pleased with my experience thus far with Venmo - its convenience, security measures, user-friendly design & customization options have certainly made it one of the best payment platforms out there!

Venmo has some great features like reminders and payment tracking that help me stay organized. All in all, using Venmo for my transactions makes life simpler!

This is presumably the least demanding and most easy to use cash moving application that I have utilized.

Venmo charges the client a tiny rate to do a moment move and there are no expenses to do an exchange that takes 1-3 business days.

On the off chance that you are out for beverages and choose to put the bill on one individual's card, you can undoubtedly send them cash to cover your part and they'll have it before the check even comes.

On the off chance that you need your cash moved to your bank promptly, you can include it inside under 3 minutes.

Another ace is that almost everybody has it on their telephones nowadays and that keeps things basic.

There truly aren't numerous cons with Venmo. I would say one worry that clients might need to investigate is that on the off chance that they utilize a Mastercard rather than bank data as their essential wellspring of cash, the application will charge additional expenses. This is a minor grumbling, however I've known a couple of clients who had been unconscious of this and were paying an expense for every exchange.

There are many features which are most impactful such as easy way to transfer money to people and security of the software. By using venmo, anyone can send the money around united states of America to any other person by using this product. Moreover, sender who is using the application to send the money with security and this is the best part of using the product because your money is safe while it is being transferred.

In addition to this, the integration of this software is very easy with our existing business processes as you can easily install it in your cell phone and integrate with the systems.

There are certain features which I feel are missing such as people can only money to the person who is currently living in Unites states as you cannot send the money who is outside usa. Furthermore, there can be some things which could be improved such as very quick transfer of money and get notified faster than any other app in the market.

There are no aspects of the product which are difficult to use. The software can be easily used by someone who has basic knowledge of using a phone.

In addition to this, the integration is not difficult with our existing business processes. It is very easy to integrate this application.

Venmo's popularity with the population we serve due to its top-notch peer-to-peer payment functions has led to an increase in payments received, providing us both with more revenue as well as more timely payments. We have transitioned from accepting the majority of our payments via check to receiving nearly 80% of our payments through onsite card transactions and virtual payments. Being able to accept payments via Venmo makes the billing process convenient for clients who might delay paying due to the multitude of steps involved in writing and mailing a check. Most importantly, the transaction process is so quick and seamless for the client that a 30 second phone call can easily result in a bill being paid that might otherwise take weeks to collect.

Venmo provides an instant deposit feature that costs 1.5% to transfer money into our general funds, while a 2-3 day transfer is free. This gives us a financial incentive to avoid the instant transfer, but it also results in funds being inaccessible for several days.

• It offers easy and quick transfers; especially when it comes to paying for gas or food.
• It is easy to use, especially for beginners.
• Very high customer service, and quick responses within a short time.
• Users have to provide profile pictures, which makes transfers more credible and trustworthy.
• High privacy. It is controlled by the user only.

• If someone is in desperate need of money and wants an Immediate transfer, Venmo will require an extra fee.
• A low spending limit, which is around 3000$. If a user asked for a higher spending limit, it will be around 6000$ that is still low for many people.
• It is not available outside the United States. When someone travels outside The States and needs to transfer money, he will not be allowed to use Venmo.
• The privacy default settings allow people to see the user’s transactions unless the user changes them.