Apple Pay vs. Venmo for Business

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Apple Pay
Score 8.9 out of 10
N/A
Apple Pay is a payment gateway the vendor states gives customers an easy, secure, and private way to pay in stores, within apps, on the web, and in Business Chat.N/A
Venmo for Business
Score 8.6 out of 10
N/A
Venmo for Business supports touch-free transactions and provides customers a secure and simple way of paying. Businesses can accept payments virtually through the app, and in-person with a unique business QR code. Business's can turn the QR code into an eye-catching point-of-sale with a free QR Kit, in order to give customers an easy, touch-free checkout. There is no set-up fee and no monthly fees, with transaction fees of 1.9% + $0.10.N/A
Pricing
Apple PayVenmo for Business
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Apple PayVenmo for Business
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Apple PayVenmo for Business
Considered Both Products
Apple Pay
Chose Apple Pay
Apple Pay is easier because you don't need to use the app to send or request payments. You can just store card information and use your electronic device to pay. In addition, receipts are automatically generated and stored for easy reimbursement. Venmo generally requires …
Chose Apple Pay
Newer, less old framework to worry about. It has the Apple name with it and basically comes ready to use on their devices which is nice for the audience who will be using it.
Chose Apple Pay
Our choice to use Apple Pay was made because of the fast and easy access to funds, it is largely accepted by most vendors and it is a knowingly secure platform for transactions. Making it a trusted and effective resource for our company to utilize. We also found the setup to be …
Chose Apple Pay
Apple Pay and Google Pay are very similar function-wise but vary significantly in design. We chose Apple Pay for its improved security over physical card transactions. Apple pay also provides a much simpler user interface for the customer when processing a transaction, unlike …
Chose Apple Pay
More functionality within Apple Pay. Using multiple cards, accessing without opening phone.
Venmo for Business

No answer on this topic

Features
Apple PayVenmo for Business
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
Apple Pay
8.0
5 Ratings
10% above category average
Venmo for Business
10.0
1 Ratings
32% above category average
Fraud Detection8.35 Ratings10.01 Ratings
API or SDK8.13 Ratings10.01 Ratings
Recurring Payment Support8.55 Ratings10.01 Ratings
Billing and Invoicing Support8.45 Ratings10.01 Ratings
Global Support6.95 Ratings10.01 Ratings
Payment Form Acceptance7.95 Ratings10.01 Ratings
Best Alternatives
Apple PayVenmo for Business
Small Businesses
Stripe Payments
Stripe Payments
Score 8.8 out of 10
Apple Pay
Apple Pay
Score 8.9 out of 10
Medium-sized Companies
Adyen
Adyen
Score 8.5 out of 10
Apple Pay
Apple Pay
Score 8.9 out of 10
Enterprises
Adyen
Adyen
Score 8.5 out of 10
Adyen
Adyen
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Apple PayVenmo for Business
Likelihood to Recommend
9.0
(23 ratings)
10.0
(2 ratings)
Likelihood to Renew
7.3
(1 ratings)
-
(0 ratings)
Usability
9.7
(4 ratings)
10.0
(1 ratings)
User Testimonials
Apple PayVenmo for Business
Likelihood to Recommend
Apple
If you accept payments while selling goods and services, Apple Pay can help you speed up the payment process while securely accepting payments. Since there is no need to stick a card into a machine, users won't have to fumble looking for a card when they can put their whole wallet on Apple Pay and check out easily.
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PayPal
I had a customer who wanted me to do his wife's birthday party. I sent him the estimate and he gave me a deposit from his Venmo account. When the party was done, he forgot to pay for a week. I reminded him with an invoice and he sent a deposit. It wasn't immediately deposited, but it [arrived the next day].
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Pros
Apple
  • The double click which launches it couldn't be easier; you don't even have to open your phone and find the app.
  • It's pretty much fool proof from there, as just holding your phone near the reader is sufficient for success.
  • Haptic feedback ensures that I know the payment registered.
  • I have full faith and confidence that the transaction was executed securely.
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PayPal
  • Timely payout
  • Ease of use
  • Visibility at all times
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Cons
Apple
  • At times, my Apple Pay will pop up unintentionally. Perhaps there can be more safeguards around that.
  • Apple Pay is not super great if I need to make a return. For any return, I've found that paper receipts are superior.
  • Apple Pay sometimes requires very specific positioning when scanning the phone, which is frustrating.
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PayPal
  • Take out transaction fee. They are not PayPal
  • More understanding with bitcoin
  • Invoicing would be a good feature
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Likelihood to Renew
Apple
It's now a standard.
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PayPal
No answers on this topic
Usability
Apple
Love the simplicity, i think it's a good way of getting apple-lovers to purchase things from the palm of their hand
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PayPal
I find that it is very easy to use, manipulate and I've had no issues at all whenever using it for Business or even personal purposes as well. I've never received any complaints or questions on either side whenever using it as well, and have only heard others speak about it in a positive manner too.
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Alternatives Considered
Apple
When I had my Android/Samsung phone, I tried Samsung's version of Apple Pay and it was terrible. It was very glitchy, and sometimes I would get a notification that I paid for something when I wasn't even in a checkout screen, like I was just browsing the internet or something and I'd get a notification! It was alarming and I quickly uninstalled the app and never used it again.
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PayPal
PayPal has more work items for businesses. It has invoicing, time tracking, and marketing strategies. I could [use] PayPal to run my business like I do with QuickBooks. Affiliates with other business is crazy. Plus, they also carry debit and credit cards for business and personal purposes. Venmo is the little brother [of PayPal].
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Return on Investment
Apple
  • Able to provide employees with digital company cards.
  • Convenient tracking of money spent.
  • Caring for others in our workplace and community through gifts and purchases.
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PayPal
  • Positive impact only as it’s enhanced our effectiveness.
  • No negative impact.
  • Simple, easy to use and well worth the $ investment.
Read full review
ScreenShots