Venmo for Business

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
Venmo for Business
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Venmo for Business
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level Setup FeeNo setup fee
Additional Details—
More Pricing Information
Community Pulse
Venmo for Business
Considered Both Products
Venmo for Business
Chose Venmo for Business
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 …
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Venmo for Business
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User Ratings
Venmo for Business
Likelihood to Recommend
10.0
(1 ratings)
User Testimonials
Venmo for Business
Likelihood to Recommend
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
PayPal
  • QR codes for quick payment
  • A secure account for customers
  • Venmo integrates with QuickBooks
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Cons
PayPal
  • Take out transaction fee. They are not PayPal
  • More understanding with bitcoin
  • Invoicing would be a good feature
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Alternatives Considered
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
PayPal
  • Give customers reassurance
  • Secure money account
  • More marketing strategies
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