Apple Pay vs. Venmo for Business

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Apple Pay
Score 9.1 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 8.4 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

Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
Apple PayVenmo for Business
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
Apple Pay
8.2
2 Ratings
34% above category average
Venmo for Business
-
Ratings
Fraud Detection6.52 Ratings00 Ratings
API or SDK7.02 Ratings00 Ratings
Recurring Payment Support9.52 Ratings00 Ratings
Billing and Invoicing Support8.52 Ratings00 Ratings
Global Support8.52 Ratings00 Ratings
Payment Form Acceptance9.02 Ratings00 Ratings
Best Alternatives
Apple PayVenmo for Business
Small Businesses
Thryv
Thryv
Score 8.8 out of 10
Apple Pay
Apple Pay
Score 9.1 out of 10
Medium-sized Companies
Adyen
Adyen
Score 8.8 out of 10
Apple Pay
Apple Pay
Score 9.1 out of 10
Enterprises
Adyen
Adyen
Score 8.8 out of 10
Adyen
Adyen
Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Apple PayVenmo for Business
Likelihood to Recommend
9.4
(20 ratings)
10.0
(1 ratings)
Likelihood to Renew
7.3
(1 ratings)
-
(0 ratings)
Usability
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
Apple PayVenmo for Business
Likelihood to Recommend
Apple
It works great when you don't want to carry cash, or even carry credit cards. It is so simply to just whip out your phone, double click, and it opens with FaceID and is ready to use. In our case, we shop very often at a store across the street which accepts Apple Pay and so the payment portion is essentially a non-issue at this point, which is fantastic for us
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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
  • Apple Pay is extremely easy to access because you can access it whether you've unlocked your phone or locked it.
  • Apple Pay does a great job listing historic transactions.
  • Apple Pay easily allows users to add or remove different credit cards.
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PayPal
  • QR codes for quick payment
  • A secure account for customers
  • Venmo integrates with QuickBooks
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Cons
Apple
  • The ability for other integrations to still have their restricting permissions to be used. As an example, I can't use Apple Pay and still choose when I want my delivery because it's not in Apple Pay's coding to allow outside restrictions.
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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
Extremely effective and easy to use.
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PayPal
No answers on this topic
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
  • Give customers reassurance
  • Secure money account
  • More marketing strategies
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ScreenShots