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Venmo Review

Venmo
Our score: 9.1 User satisfaction: 87%

What is Venmo?

Venmo is a free-to-use expense splitting and sharing, and payment mobile app made available for Android and iOS devices by PayPal, Inc. It enables groups of people to share the costs of a single purchase on the web or from an app straight from the payment solution’s interface.

With Venmo, businesses can become more attractive to prospective customers, as they give them the option to split payments with their friends.

Because Venmo connects people with their friends, family, and acquaintances, businesses get more exposure in these conversations that happen in social media platforms. This brings the business closer to more audiences and increases their chances of winning new customers.

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Overview of Venmo Benefits

Brand Exposure

With Venmo, businesses can spread awareness far and wide about them. That is because the app connects users with their circles of friends and when one posts about a purchase in a store, it is seen by many. This creates a conversation about the brand and since word-of-mouth is the best marketing tool, it can convince others to buy from the brand, too.

Intuitive Payment Experience

Businesses accepting Venmo provide customers with an intuitive, seamless, and expeditious payment experience. Users can pay for their items with just a few taps, fast-tracking the enjoyment of their newly-purchased items.

Worry-Free Selling

Venmo takes care of securing and protecting users’ financial information by utilizing encryption technology in bank or card linking and verification processes as well as during web or in-app transactions. This lets businesses focus more on the selling rather than worrying about customer’s bank account or card details getting leaked.

The PayPal Connection

As Venmo is a service created by PayPal, merchants already accepting payments through the online payment gateway can easily take disbursements from the digital wallet. Users can find the Venmo option once they click on the PayPal button, allowing them to pay for their purchases online or in-app securely.

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Overview of Venmo Features

  • Expense Splitting & Sharing
  • Web & In-App Purchases
  • Bank Account Linking
  • Credit or Debit Card Linking
  • Payment Data Encryption

Venmo Position In Our Categories

Since companies have distinct business needs, it is only prudent that they avoid purchasing an all-encompassing, ”best” software. Nonetheless, it would be futile to stumble on such application even among widely used software solutions. The sensible thing to undertake is to list the various key functions which need investigation including major features, costing, skill competence of staff, organizational size, etc. Thereafter, you should conduct your research comprehensively. Browse through some of these Venmo evaluations and scrutinize the other software options in your shortlist in detail. Such all-encompassing product research ascertains you avoid poorly fit applications and subscribe to the system which has all the features your company requires to achieve growth.

Position of Venmo in our main categories:

TOP 10

Venmo is one of the top 10 Mobile Payment Apps products

Every enterprise has different needs and needs a software that can be personalized for their size, type of staff members and clients, and the particular industry they are in. For these reasons, no system can provide perfect functionality out-of-the-box. When you search a software system, first be sure what you need it for. Read some Venmo Mobile Payment Apps reviews and ask yourself do you need basic functionality or do you want advanced tools? Are there any industry-specific tools that you are seeking? Get the answers to these questions to assist your search. There are plenty of aspects that you need to mull over and these include your finances, specific business wants, your organization size, integration requirements etc. Take your time, use a few free trials, and finally choose the platform that provides all that you require to enhance your firm effectiveness and productivity.

How Much Does Venmo Cost?

Venmo Pricing Plans:

Free Trial

Venmo

Free

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What are Venmo pricing details?

Venmo Pricing Plans:

Free Trial

Venmo

Free

Venmo is a costless online and in-app payment service that allows users to split expenses with their family and friends.  There are no enterprise pricing plans.

User Satisfaction

Positive Social Media Mentions 29
Negative Social Media Mentions 3

We know that when you choose to purchase a Mobile Payment Apps it’s vital not only to see how experts rank it in their reviews, but also to check if the real users and companies that use these solutions are indeed satisfied with the service. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Venmo reviews across a broad range of social media sites. The data is then presented in an easy to digest format indicating how many users had positive and negative experience with Venmo. With that information at hand you should be ready to make an informed buying choice that you won’t regret.

Video

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Free

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for Venmo?

No information available.

Venmo User Reviews

Venmo average rating:

Average score
4.5/5 (14 user reviews)
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Ethelyn

PROS: Venmo makes it easy for me to send money to friends and family. I use it for both personal and business transactions. I've relied on this quick and easy-to-use platform for almost a decade now, and it has yet to let me down. It's a great tool for monitoring and tracking the inflow and outflow of my money. I've been using this to manage my expenses since uni and even now. Support from Venmo is second to none too. I love how I can access it both from my PC and even on my mobile.

CONS: I like everything about Venmo.

Reviewed 5 years ago

Read full review >

The least favorable review

Anonymous Reviewer

PROS: there arent any. venmo is a lie . i used it months ago and it worked fine , now you guys no longer take my form of payment so i order the venmo cARD AND now its undelivered . i have money in my venmo account that i cant access!! CASH APP IS THE BEST.

CONS: READ ABOVE.

Reviewed 7 years ago

Read full review >

More reviews from 14 actual users:

Sort by:

Latest
  • Latest
  • Most useful
  • Most positive
  • Most negative

Quick transactions!

Read full review >
Edgar
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 01.11.2021 Company Size: 11-50 Employees Industry: Automotive

PROS: Venmo trumps any other payment platform for me - yes, even Paypal! Barely a day goes by without me making use of it, whether it's to transfer or receive money to and from friends, work, or from family members. One of the main reasons I love it is that it's free. I don't have to pay a fee for every transaction.

CONS: My only problem with Venmo is that there is no money-back guarantee. I guess that this is the danger of using a free platform, but I do wish that there is some sort of security measure in place.

What do you think about this review?

Great Poor

Just what every business needs!

Read full review >
Felicity
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 09.10.2021 Company Size: 11-50 Employees Industry: Legal Services

PROS: Venmo is a place where I can reliably track and handle the inflow and outflow of my money.

CONS: I want to be able to choose where my withdrawals are taken from. At the moment, money is automatically deducted from my Venmo balance.

What do you think about this review?

Great Poor
Show More User Reviews (14)

I trust Venmo.

Read full review >
Dulce
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 27.09.2021 Company Size: 11-50 Employees Industry: Design

PROS: It works a lot like Paypal by making it possible to get and send money safely and with ease.

CONS: At some point, I encountered an issue with my card, but that was resolved easily.

What do you think about this review?

Great Poor

Quick and almost seamless.

Read full review >
Jacklyn
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 17.08.2021 Company Size: More than 100 Employees Industry: Hospitality

PROS: I love getting payments through Venmo because it's fast and reliable. It completely eliminates the need for me to go to the bank to process payments. I love how it comes with a debit card as well.

CONS: The monthly reports are not as accurate as I hope they would be.

What do you think about this review?

Great Poor

I choose Venmo for fast and easy transactions.

Read full review >
Janae
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 09.08.2021 Company Size: 11-50 Employees Industry: Health, Wellness and Fitness

PROS: I love how clean and well-designed the Venmo platform is. Accessing accounts to send money to can be just as easy as scanning QR codes.

CONS: A minor thing, but there is a bit of a wait in between processing and receiving money.

What do you think about this review?

Great Poor

Venmo is intuitive and easy to use.

Read full review >
Brady
5/5

Overall impression

4/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 04.06.2021 Company Size: 11-50 Employees Industry: Marketing and Advertising

PROS: Venmo is basically Paypal's lesser-known brother. However, it's equally as secure and as easily accessible too. Getting paid through Venmo has never been an issue for me.

CONS: This issue has more to do with the possibility of human error, but sending money to the wrong person on Venmo is an absolute nightmare. I wish there are more verification steps in place to prevent this from happening.

What do you think about this review?

Great Poor

Able to help me handle multiple projects at the same time.

Read full review >
Litzy
4/5

Overall impression

3/5

Customer Support

3/5

Value for Money

4/5

Ease of Use

Published on: 19.04.2021 Company Size: More than 100 Employees Industry: Computer & Network Security

PROS: Transferring money is as easy as clicking a button. Venmo takes the stress from money billing and handling.

CONS: I have to pay a certain amount to be able to transfer money to my Venmo card.

What do you think about this review?

Great Poor

A platform for speedy transactions

Read full review >
Luisa
4/5

Overall impression

3/5

Customer Support

4/5

Value for Money

3/5

Ease of Use

Published on: 06.04.2021 Company Size: More than 100 Employees Industry: Education Management

PROS: It helps me send and receive money without delay.

CONS: So far, I like everything about Venmo.

What do you think about this review?

Great Poor

Just what I need as a freelancer.

Read full review >
Chelsea
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 28.02.2021 Company Size: 11-50 Employees Industry: Media Production

PROS: I've finally bid goodbye to checks! Venmo allows me to send and receive money just as easily as any other payment platform.

CONS: I don't like broadcasting my transactions; a thing that seems to be a thing for Venmo.

What do you think about this review?

Great Poor

Review from a long-time user. . .

Read full review >
Ethelyn
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 06.01.2021 Company Size: More than 100 Employees Industry: N/A

PROS: Venmo makes it easy for me to send money to friends and family. I use it for both personal and business transactions. I've relied on this quick and easy-to-use platform for almost a decade now, and it has yet to let me down. It's a great tool for monitoring and tracking the inflow and outflow of my money. I've been using this to manage my expenses since uni and even now. Support from Venmo is second to none too. I love how I can access it both from my PC and even on my mobile.

CONS: I like everything about Venmo.

What do you think about this review?

Great Poor

It is secure and reliable.

Read full review >
Rowan
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

4/5

Ease of Use

Published on: 18.09.2020 Company Size: 11-50 Employees Industry: Internet

PROS: Whether you are the sender or recipient of the money, Venmo is both intuitive and usable. Sending money is as easy as open the platform, inputting the amount to send, and then hitting the send button. I love how, at any point during transactions, there are possibilities of getting cash rewards. Withdrawing money via my bank account (directly from Venmo) is not only possible but easy to do as well.

CONS: The standard setting is for users to publicly share their transactions. However, this isn't such a big issue since I can just easily alter my settings anyway.

What do you think about this review?

Great Poor

Reliable enough.

Read full review >
Maximillian
4/5

Overall impression

3/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 09.09.2020 Company Size: More than 100 Employees Industry: Entertainment

PROS: It's a reliable platform for sending and receiving money.

CONS: Transactions take a while to be processed. I wish transfers would be quicker.

What do you think about this review?

Great Poor

The perfect solutions for small-scale businesses like mine.

Read full review >
Vidal
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 02.09.2020 Company Size: 11-50 Employees Industry: Hospital & Health Care

PROS: The platform environment is intuitive and clean. Using it is a no-brainer as well. On a more whimsical note, I absolutely love how Venmo makes it possible for users to personalize our cards.

CONS: There's a fee that comes with every transaction. You can get around this by securing a Venmo card for yourself.

What do you think about this review?

Great Poor

the worst

Read full review >
Anonymous Reviewer
2/5

Overall impression

1/5

Customer Support

1/5

Value for Money

1/5

Ease of Use

Published on: 15.02.2019 Company Size: N/A Industry: N/A

PROS: there arent any. venmo is a lie . i used it months ago and it worked fine , now you guys no longer take my form of payment so i order the venmo cARD AND now its undelivered . i have money in my venmo account that i cant access!! CASH APP IS THE BEST.

CONS: READ ABOVE.

What do you think about this review?

Great Poor
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Quick transactions!

Read full review >
Edgar
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 01.11.2021 Company Size: 11-50 Employees Industry: Automotive

Just what every business needs!

Read full review >
Felicity
5/5

Overall impression

5/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 09.10.2021 Company Size: 11-50 Employees Industry: Legal Services

I trust Venmo.

Read full review >
Dulce
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 27.09.2021 Company Size: 11-50 Employees Industry: Design

Quick and almost seamless.

Read full review >
Jacklyn
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 17.08.2021 Company Size: More than 100 Employees Industry: Hospitality

I choose Venmo for fast and easy transactions.

Read full review >
Janae
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 09.08.2021 Company Size: 11-50 Employees Industry: Health, Wellness and Fitness
Jenny Chang

By Jenny Chang

Jenny Chang is a senior writer specializing in SaaS and B2B software solutions. Her decision to focus on these two industries was spurred by their explosive growth in the last decade, much of it she attributes to the emergence of disruptive technologies and the quick adoption by businesses that were quick to recognize their values to their organizations. She has covered all the major developments in SaaS and B2B software solutions, from the introduction of massive ERPs to small business platforms to help startups on their way to success.

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