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Mobile Payment Systems

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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.

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.

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

Position of Venmo in our main categories:


Venmo is one of the top 10 Mobile Payment Systemsproducts


Venmo is one of the 10
Mobile Payment Systems products

If you are considering Venmo it might also be sensible to investigate other subcategories of Best Mobile Payment Systems collected in our database of SaaS software reviews.

There are trendy and widely used applications in each software category. But are they essentially the best fit for your company’s specific needs? A market-leading software product may have thousands of subscribers, but does it present what you require? For this reason, do not blindly spend on popular systems. Read at least a few Venmo reviews and consider the elements that you desire in the software such as the cost, main tools, available integrations etc. Then, select a few apps that fit your requirements. Check out the free trials of these platforms, read online opinions, get clarifications from the seller, and do your homework thoroughly. This exhaustive groundwork is certain to assist you find the most excellent software platform for your organization’s specific wants.

How Much Does Venmo Cost?

Venmo Pricing Plans:
Free trial

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

We realize that when you make a decision to buy Mobile Payment Systems it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Venmo reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Venmo. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.






Technical details

Devices Supported
  • Windows
  • Android
  • iPhone/iPad
  • Mac
Language Support
  • English
Pricing Model
  • Free
Customer Types
  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers
  • Cloud Hosted

What Support Does This Vendor Offer?


What are Venmo pricing details?

Venmo Pricing Plans:
Free trial

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.

What integrations are available for Venmo?

No information available.

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