Name: Venmo for Business
Rating: 8.9 (15 reviews)
Author: PayPal

Help Desk

Web and Video Conferencing

Customer Support

Beta Testing

Product Analytics

Development

Board Management

Business Intelligence (BI)

Collaboration

Contract Analysis

Demand Planning

Electronic Signature

Enterprise Generative AI

Internal Communications

Policy Management

Whistleblowing

Enterprise

Accounting

Invoicing

Nonprofit Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Recognition

HR Management

Job Board

Leave Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AIOps

Cloud Cost Management

Cloud Storage

Computerized Maintenance Management Systems (CMMS)

Cybersecurity Consulting

Email Verification

Enterprise Service Bus

Fraud Detection

Function as a Service (FaaS)

IP Address Management (IPAM)

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Machine Identity Management

Network Performance Monitoring

Network Simulation

Open-Source Database

Release Management

Scale-Out Storage

Session Border Controllers

Software Composition Analysis (SCA)

Website Hosting

Workload Automation

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Audio Editing

Competitive Intelligence

Content Management

Customer Journey Analytics

Email Marketing

Email Testing

Gamification

Marketing Automation

Product Sampling

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Task Management

Professional Services

Auction Software

Customer Relationship Management (CRM)

Lead Management

Sales

Architecture

Medical Billing

Veterinary

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

GoFundMe Charity

GoFundMe

Chime Online Banking

Chime

PayPal Zettle

PayPal

Xoom, a PayPal Service

Apple Pay

Apple

Coinbase Wallet

Coinbase

Stripe Payments

Stripe

Clover

Fiserv

Affirm

Braintree, a PayPal service

### Payment Processing
Users generally praise Venmo for Business's ease of use and convenience in handling payments and transactions. The majority of reviewers appreciate the simplicity and speed of sending and receiving money through Venmo. They find the platform user-friendly and efficient for making payments, whether for personal or business purposes. While some users express concerns about privacy and transaction visibility, overall, Venmo for Business's payment processing capabilities are seen as a valuable tool for quick and hassle-free financial transactions.

### Transaction Management
Users generally praise Venmo for Business's efficient transaction handling capabilities. The reviews highlight the ease of use, speed, and simplicity of making money transactions with Venmo. Clients appreciate the quick and secure nature of the platform, with low to non-existent fees for transactions. Additionally, users find it convenient for both personal and professional purposes, allowing for easy tracking of money transfers. The consistent positive feedback on Venmo for Business's transaction management suggests that it is a reliable and user-friendly tool for handling financial transactions.

### Payment Methods
User sentiment regarding Venmo for Business's payment methods capabilities appears to be mixed. While some users find the platform convenient for handling transactions and storing payment information, others have expressed concerns about fees associated with transferring money back to their cards. Additionally, there have been reports of issues with card inactivity, which have caused inconvenience for some users. Despite these mixed reviews, many users appreciate the speed and efficiency of virtual transactions through Venmo, especially when compared to traditional cash or check payments.

### Bank Integration
Reviewers have varied opinions on Venmo for Business's bank integration capabilities. Some users appreciate the quick transfer of funds to their bank accounts, highlighting the convenience and ease of use. However, others have faced challenges with adding multiple bank accounts or experiencing delays in account validation processes. The ability to choose the funding source, whether from the Venmo balance or a bank account, is a feature that some users desire for more flexibility. Additionally, concerns have been raised about additional fees for direct bank transfers. Despite these mixed sentiments, Venmo for Business's bank integration functionality remains a point of discussion among users.

### Integration with Other Platforms
Some users appreciate Venmo for Business's collaboration with PayPal, finding it beneficial for secure transactions. However, concerns have been raised about compatibility issues with third-party services like Plaid, leading to suggestions to explore alternative platforms such as Cash App or Zelle for smoother integration experiences.

### Mobile and Web Access
Users appreciate the accessibility of Venmo for Business's mobile and web platforms, noting the ease of use in sending and receiving payments. The ability to manage transactions conveniently through both the mobile app and website has been a key factor in users' positive experiences with the platform. The frequent deals and cash incentives, coupled with the option to directly link bank accounts for withdrawals and deposits, further enhance the overall user satisfaction with Venmo for Business's mobile and web access capabilities.

### Security Measures
Reviewers have varying opinions about the security measures of Venmo for Business. Some users praise the platform for its ease of use and security features, highlighting the quick processing of payments and the lack of fees associated with transactions. On the other hand, there are concerns raised about the visibility of transactions and the perceived lack of privacy in certain instances. While some users feel confident in the security provided by Venmo, others express skepticism and frustration, citing issues with customer service and perceived risks associated with the platform.

### Fraud Prevention
Users have expressed significant concerns regarding Venmo for Business's fraud prevention capabilities. Many reviewers have highlighted issues with trust and security, indicating a lack of confidence in the platform's ability to safeguard against fraudulent activities. The sentiment conveyed suggests a need for Venmo for Business to enhance its fraud prevention measures to instill greater trust among its users.

Users commonly recommend Venmo for several reasons. First, they appreciate the friendly and social aspect of the platform, comparing it to a social network. Second, Venmo is highly regarded for its hassle-free payments and quick customer support, making it a convenient option for personal transactions. Finally, many users recommend Venmo for businesses, particularly small businesses, as it provides a simple and efficient payment solution. Overall, users find Venmo easy to use, secure, and reliable, making it a popular choice for collecting event payments, facilitating money transfers between coworkers or contract workers, and making quick one-off payments. It is also suggested to connect Venmo with Facebook for added convenience and to be mindful of privacy settings. Users recommend giving Venmo at least a week to experience its full potential and consider it a great alternative to other payment apps like PayPal. Setting up Venmo before traveling is also advised to avoid any difficulties with bank account setup. Furthermore, users appreciate Venmo's improvement in customer service and the availability of support resources. It is highly recommended as the most popular and trustworthy app in its field, surpassing competitors like Zelle Pay. Finally, users encourage others to try Venmo and keep up with changing technology trends in the payment industry.

Difficulty with 2-step verification: Some users have found it difficult to log in to their Venmo accounts when 2-step verification is enabled, causing frustration and inconvenience.

Lack of privacy in transactions: Many users have expressed concerns about the lack of privacy in Venmo, as all their contacts can see their transactions and vice versa. They feel that there should be an option to choose not to share this information.

Security and trust issues: Several customers have mentioned that they do not consider Venmo as secure or trusted as other payment apps, leading to a lack of confidence in using the platform. This has resulted in a negative experience for some users who are hesitant to use Venmo for financial transactions.

Venmo has become a popular choice for users looking for a convenient way to transfer money to friends and colleagues on a daily basis. With Venmo, users can quickly send payments without the hassle of writing checks or transferring money between banks. This has not only made payment to vendors easier and more efficient but also solved the problem of splitting costs, eliminating the need to go to the ATM and withdraw cash. Users have seen significant time savings with Venmo, especially when dealing with expense reports. Additionally, Venmo has proven to be a great solution for splitting a check with a colleague, as it eliminates the need for cash and ensures quick payment.

Businesses have also found value in using Venmo. It simplifies the payroll process and provides a paper trail for record-keeping. Furthermore, Venmo is being used by businesses to receive income and pay out accounts, offering a quick and secure payment method. For freelancers and contractors, Venmo allows them to easily receive payments without the need to add them to a complicated system, saving time and streamlining operations. Overall, users appreciate the ease of transferring money through Venmo, eliminating the need to carry cash or credit cards and making instant payments hassle-free. Whether it's everyday transactions among friends or professional use cases, Venmo proves to be a reliable, efficient, and convenient solution for quick and painless money exchanges.

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.

PaySimple is a payment gateway software solution offered by PaySimple.

Subscription

PaySimple

London-based Paddle offers an ecommerce and subscription management solution for software companies seeking a streamlined demonstration of their services and centralized management of their different service levels and cloud-based offerings.

Custom

Paddle

Venmo for Business

Payment gateway Software helps connect eCommerce websites to the bank (merchant account) in order to process online payments and transfer sensitive credit card information securely.

Payment Gateway

Paper & Forest Products

Likelihood to Recommend

Usability

Payment Gateways

API or SDK

Recurring Payment Support

Billing and Invoicing Support

Global Support

Payment Form Acceptance

The technology used to accept credit cards, debit cards, and other payments from customers.

Ability to detect fraudulent transactions while allowing legitimate transactions

Tools to interact with payment gateway code

Ability to support subscriptions and recurring payments

Ability to accept many different forms of payment

PayPal Payments Pro

ADP Comprehensive Services

Venmo for Business 2025-01-16 07:11:06

Intuit Mailchimp

QuickBooks Desktop Enterprise

Owner

Venmo for Business 2021-12-20 12:49:24

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Payment Gateway Software

Outstanding monies due can always be paid out via Venmo. I haven’t had any issues using it and it is very simple to use, very user-friendly.

There is confirmations made on both ends so that each person involved can track the transaction from start to finish at any point in time.

Timely payout
Ease of use
Visibility at all times

Send out alerts whenever maintenance may get done on the tool.
Create a weekly update message alert

Positive impact only as it’s enhanced our effectiveness.
No negative impact.
Simple, easy to use and well worth the $ investment.

PayPal Payments Pro, ADP Comprehensive Services

I use Venmo for Business as a secondary payment method. Some clients are concerned with using their credit or debit cards for purchases so they rely on PayPal or Venmo. This is fine with me. I just have another money account to be aware of. Plus, it is link[ed] to my QuickBooks software for tracking.

QR codes for quick payment
A secure account for customers
Venmo integrates with QuickBooks

Take out transaction fee. They are not PayPal
More understanding with bitcoin
Invoicing would be a good feature

QR code marketing kit
Company own debit card
Bitcoin investment

Give customers reassurance
Secure money account
More marketing strategies

PayPal Payments Pro, QuickBooks Desktop Enterprise, Mailchimp

Venmo for Business

Overview

What is Venmo for Business?