Chime Online Banking vs. Venmo for Business

Chime Online Banking

Chime Online Banking

5 Reviews and Ratings

Venmo for Business

Venmo for Business

14 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Chime	Score 4.6 out of 10	N/A	Chime is an online banking solution from the company of the same name in San Francisco, allowing users to track account balances, daily transactions, and savings from anywhere with the Chime mobile app, and get daily balance notifications and instant transaction alerts any time for use of the included Chime Visa Debit Card.	N/A
Venmo for Business	Score 8.8 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

Chime Online Banking

Venmo for Business

Editions & Modules

No answers on this topic

No answers on this topic

Offerings

Pricing Offerings
Chime	Venmo for Business
Free Trial
No	No
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	No

Entry-level Setup Fee

No setup fee

No setup fee

Additional Details

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More Pricing Information

Community Pulse
	Chime Online Banking	Venmo for Business
Top Pros	Pro Ease of use Pro Simple interface Pro Helpful support	No answers on this topic
Top Cons	Minus Hard to figure Minus Areas for improvement Minus Transfer money	No answers on this topic

Best Alternatives
	Chime Online Banking	Venmo for Business
Small Businesses	No answers on this topic	Apple Pay Score 9.1 out of 10
Medium-sized Companies	No answers on this topic	Apple Pay Score 9.1 out of 10
Enterprises	No answers on this topic	Adyen Score 8.8 out of 10
All Alternatives	View all alternatives	View all alternatives

User Ratings
	Chime Online Banking	Venmo for Business
Likelihood to Recommend	4.5 (4 ratings)	10.0 (1 ratings)
Support Rating	1.0 (1 ratings)	- (0 ratings)

User Testimonials
	Chime Online Banking	Venmo for Business
Likelihood to Recommend	Chime It is very helpful for me. It is reliable and simple to use. The Sign-up process of Chime Online Banking was simple and I was able to easily set up a direct deposit and link my bank account. It keeps me updated on every purchase I do from my account. The best thing is that it's free and has no hidden charges or paycheck fees. It has a special feature called SpotMe where they will cover your overdraft in a very neat way. Incentivized Avinash Saklani Frontend Developer Read full review	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]. CharRon E. Smith Owner Read full review
Pros	Chime Ease of use Simple interface within the application. Helpful support, when needed. Incentivized Verified User Anonymous Read full review	PayPal QR codes for quick payment A secure account for customers Venmo integrates with QuickBooks CharRon E. Smith Owner Read full review
Cons	Chime Their CC is hard to figure out. Website could be streamlined. Incentivized Brian Keary Owner and CEO Read full review	PayPal Take out transaction fee. They are not PayPal More understanding with bitcoin Invoicing would be a good feature CharRon E. Smith Owner Read full review
Support Rating	Chime When my money was stolen from my account I was told there would be an investigation between 15-45 days. They didn't investigate at all. The next day I was denied my claim after being robbed for $850. KS Kelly Sleger General Manager Read full review	PayPal No answers on this topic
Alternatives Considered	Chime First of all, Chime Online Banking is really the best option for new users. The User Interface and User Experience of the Chime app are really great. There are comparatively faster money transactions with Chime Online Banking and it has no fees at all. It is more reliable. It also allows you to lock your card if it is stolen or lost which is a great feature. At last, it is more rewarding than other online banking services with a great team of customer grievances. Incentivized Avinash Saklani Frontend Developer Read full review	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]. CharRon E. Smith Owner Read full review
Return on Investment	Chime Positive ROI by way of quick and easy transactions. Incentivized Verified User Anonymous Read full review	PayPal Give customers reassurance Secure money account More marketing strategies CharRon E. Smith Owner Read full review
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