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Venmo for Business

Venmo for Business

Overview

What is Venmo for Business?

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…

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Recent Reviews

TrustRadius Insights

Venmo has become a popular choice for users looking for a convenient way to transfer money to friends and colleagues on a daily basis. …
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Pricing

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What is Venmo for Business?

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…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is Venmo for Business?

Venmo for Business Technical Details

Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android
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Comparisons

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Reviews and Ratings

(14)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

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.

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.

Reviews

(1-1 of 1)
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CharRon E. Smith | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
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
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].
  • QR code marketing kit
  • Company own debit card
  • Bitcoin investment
  • Give customers reassurance
  • Secure money account
  • More marketing strategies
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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