TrustRadius

Venmo for Business

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Venmo for Business
Score 9.0 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
Verified User
Manager
Chose Venmo for Business
Venmo for Business is very easy to use, with no issues while navigating around any transaction and it seems to be getting more popular in use across a variety of areas as well.

I think it works better than ADP Comprehensive Services, PayPal, Zelle and any other available …
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 …
Features
Venmo for Business
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
Venmo for Business
10.0
1 Ratings
33% above category average
Fraud Detection10.01 Ratings
API or SDK10.01 Ratings
Recurring Payment Support10.01 Ratings
Billing and Invoicing Support10.01 Ratings
Global Support10.01 Ratings
Payment Form Acceptance10.01 Ratings
Best Alternatives
Venmo for Business
Small Businesses
Apple Pay
Apple Pay
Score 8.7 out of 10
Medium-sized Companies
Apple Pay
Apple Pay
Score 8.7 out of 10
Enterprises
Checkout.com
Checkout.com
Score 8.6 out of 10
All AlternativesView all alternatives
User Ratings
Venmo for Business
Likelihood to Recommend
10.0
(2 ratings)
Usability
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].
CharRon E. Smith | TrustRadius Reviewer
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Pros
PayPal
  • Timely payout
  • Ease of use
  • Visibility at all times
Verified User
Anonymous
Read full review
Cons
PayPal
  • Take out transaction fee. They are not PayPal
  • More understanding with bitcoin
  • Invoicing would be a good feature
CharRon E. Smith | TrustRadius Reviewer
Read full review
Usability
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.
Verified User
Anonymous
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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].
CharRon E. Smith | TrustRadius Reviewer
Read full review
Return on Investment
PayPal
  • Positive impact only as it’s enhanced our effectiveness.
  • No negative impact.
  • Simple, easy to use and well worth the $ investment.
Verified User
Anonymous
Read full review
ScreenShots