About Venmo

Venmo is a digital wallet and payment gateway that allows customers to make payments and transfer money via mobile device. Businesses are able to offer a new social currency to a mobile-first audience, as well as generate exposure for the brand as users share their purchases on the Venmo feed.

The solution allows users to make payments by linking their bank accounts or debit cards directly via the app, or by transferring the money stored within their Venmo account. Besides initiating payments, consumers can send and receive payments from friends and contacts by selecting a contact's name, @username, phone number or email. All transfers can be stored as a Venmo balance for use at a later time, or cashed out immediately to a bank account.

The platform provides an intuitive user experience and speedy checkout system that enables customers to buy event tickets and pay for items with a few taps. Users can share their purchases with friends on their Venmo feed, as well as make comments and add emojis to payment descriptions and other contact’s shared purchases.

Users must link a credit card, debit card or checking account in order to use the service. Venmo safeguards payment data with encryption, allowing customers to pay safely and securely.

Pricing starting from:

N/A

  • Free Version
  • Free Trial
  • Subscription

Key benefits of Venmo

  • Brands are able to generate exposure as users share their purchases with friends or contacts via the Venmo feed.

  • Venmo helps users stay in control of what they owe, what others owe them, and what they've bought.

  • Organizations can allow customers to pay them as easily as they pay their friends, with fewer taps and a speedy checkout system.

  • Venmo safeguards payment information using data encryption, enabling customers to securely pay contacts and transfer money to bank accounts.

  • Customers are able to find contacts automatically by syncing their Facebook account or phone contacts, and split and share payments.
  • Business size

    S M L

    Deployment

    • Cloud-based
    • On-premises

    Markets

    United States

    Supported Languages

    English

    Pricing starting from:

    N/A

    • Free Version
    • Free Trial
    • Subscription

    Images

    Venmo Software - 1
    Venmo Software - 2
    Venmo Software - 3
    Venmo Software - 4
    View 5 more
    Venmo video
    Venmo Software - 1
    Venmo Software - 2
    Venmo Software - 3
    Venmo Software - 4

    Features

    Total features of Venmo: 17

    • ACH Payment Processing
    • Customer Engagement
    • Data Security
    • Data Synchronization
    • Debit/Credit Card Processing
    • Electronic Payments
    • In-Person Payments
    • Mobile Access
    • Mobile Payments
    • Online Payments
    • Partial Payments
    • Payment Processing
    • Point of Sale (POS)
    • Promotions Management
    • Reporting/Analytics
    • Secure Data Storage
    • Transaction History

    Alternatives

    PayPal

    4.7
    #1 Alternative to Venmo
    PayPal Commerce Platform is a comprehensive solution designed to serve your business needs and your customers, whether...

    Cash App

    4.3
    #2 Alternative to Venmo
    Cash App is a web-based finance mobile application designed to help businesses send money, design debit cards, and buy...

    Square Payments

    4.7
    #3 Alternative to Venmo
    Square Payments is an online payment processing solution which integrates with Square hardware & POS software to allow...

    Square Point of Sale

    4.7
    #4 Alternative to Venmo
    Square Point of Sale is a POS solution for Android and iOS devices which includes tools for managing payments, digital...

    Reviews

    Overall rating

    4.7 /5
    (8,612)
    Value for Money
    4.8/5
    Features
    4.6/5
    Ease of Use
    4.8/5
    Customer Support
    4.4/5

    Already have Venmo?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 8,612
    Arielle
    Overall rating
    • Industry: Real Estate
    • Company size: 2-10 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Venmo me

    Reviewed on 05/08/2022

    Venmo has become part of my life. A great way to get paid for services and transfer money between...

    Venmo has become part of my life. A great way to get paid for services and transfer money between friends

    Pros

    You know a company/ software is doing something right when they become a verb. I don't say "transfer me money electronically" I say venmo me. I think that says it all

    Cons

    Having to pay for a quick transfer, but I can live with it.

    Crystal
    Overall rating
    • Industry: Food & Beverages
    • Company size: 2-10 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Easiest way to send money!

    Reviewed on 08/08/2022

    Overall I have had a great experience with Venmo. This was one of the only apps who accepted and...

    Overall I have had a great experience with Venmo. This was one of the only apps who accepted and linked to my prepaid bank card. Most softwares would require you to have a bank account to send and receive money. Venmo is super easy and accessible. They have saved me so many times where I had an emergency and needed to have my mom send me $ ASAP. I still use this app weekly to this day!

    Pros

    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.

    Cons

    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.

    Paige
    Overall rating
    • Industry: Health, Wellness & Fitness
    • Company size: 501-1,000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 0.0 /10

    Do Not Use Venmo!

    Reviewed on 17/06/2022

    Pros

    You can pay people quickly. There are no other pros.

    Cons

    I purchased concert tickers from a Venmo user after they had offered them on Facebook. I investigated the person before purchasing and felt like they were legitimate. Turns out, they were a scammer so I spent over $400 using the balance I had on my Venmo and did not receive the tickets. I IMMEDIATELY called Venmo to try to get my money back. The first Customer Service representative that I talked to said that the best they could do was submit a ticket to an Account Specialist and that they would get back to me in the next 24 hours. The rep. also told me that if the scammers move that money into their personal bank account that it would be out of their hands and they would not be able to give me a refund. I asked if they could expedite my ticket since I only had a day or 2 before it will go into their bank account. He said they can't do that. I said "You can't even call and just ask if that's a possibility?" He said no.

    24 hours pass by and I hadn't heard anything so I called Customer Service again and the second representative I talked to said that I was given false information and it's going to take 6-7 days for them to investigate the situation. I asked her if there is anyway to expedite my ticket, especially since I was told it would be taken care of already. She said no. I ask again, "Can you call them and just ask since this is time sensitive and by tomorrow you guys won't be able to help me at all?" She says no.

    I will never use Venmo again.

    Shanyce
    Overall rating
    • Industry: Medical Practice
    • Company size: 10,000+ Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Ease of Use
    • Likelihood to recommend 10.0 /10

    Top Tier Payment Services

    Reviewed on 20/05/2022

    Pros

    what I like most about this software compared to other payment services is the user interface as well as the reliability. I have also used Cash App and PayPal. PayPal is just as reliable, but the interface is quite boring and not as interactive. Cash app is similar but it is not the most reliable, as it is easy for people to make several and several accounts. It is overall quick and convenient and my go-to for paying my friends back.

    Cons

    I am not sure if this has always been a thing or it is recent, but I have been having this issue where when I go to pay someone and I have funds in my Venmo account but it is not enough. I expected to take from the Venmo account and then withdraw from my bank or card. I think that sort of feature would be nice rather than having to either wait 1 to 3 days for your funds or having to pay a fee

    George
    Overall rating
    • Industry: Entertainment
    • Company size: 2-10 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 6.0 /10

    Venmo....naw im good thanks

    Reviewed on 24/06/2022

    I wouldn't say it has been totally bad because i am grateful to have been able to use the services...

    I wouldn't say it has been totally bad because i am grateful to have been able to use the services at one point but overtime with more options available and changesin their policies infeel there are better alternatives available.

    Pros

    I liked the fact that initially it was a good replacement for cash app.

    Cons

    Their security systems are all over the place. I cant even begin on the loopholes they have in validating your account..customer service is atrocious.

    Showing 5 reviews of 8,612 Read all reviews

    Venmo FAQs

    Below are some frequently asked questions for Venmo.

    Venmo offers the following pricing plans:

    • Pricing model: Free Version
    • Free Trial: Not Available

    Contact Venmo for detailed pricing information.

    Venmo has the following typical customers:

    Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1,000

    Venmo supports the following languages:

    English

    Venmo supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    Venmo integrates with the following applications:

    Meta for Business

    Venmo offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support

    Related categories

    See all software categories found for Venmo.