This content is currently locked.

Your current Info-Tech Research Group subscription does not include access to this content. Contact your account representative to gain access to Premium SoftwareReviews.

Contact Your Representative

Or Call Us:
1-888-670-8889 (US/CAN) or
+1-519-432-3550 (International)

Venmo

Venmo for Business

Composite Score

7.9 /10

CX Score

8.1 /10

31 Reviews Write a Review

What is Venmo for Business?

Accept Venmo payments in your app, online, or in person and tap into our active community of more than 60 million people.

Company Details

Need Assistance?

We're here to help you with understanding our reports and the data inside to help you make decisions.

Get Assistance

Awards & Recognition

Venmo for Business won the following awards in the Payment Processing category

Filter By

3 Top Rated Capabilities

6 Top Rated Features

Latest Award, 2024

1 Top Rated Capabilities

5 Top Rated Features

2023

3 Top Rated Capabilities

4 Top Rated Features

2022

Venmo for Business Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Venmo for Business.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

87 Likeliness to Recommend

97 Plan to Renew

90 Satisfaction of Cost Relative to Value

1
Since last award

{y}

{name}

Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+91 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Venmo for Business?

0% Negative

5% Neutral

95% Positive

Pros

Efficient Service
Performance Enhancing
Trustworthy
Effective Service

Feature Ratings

Average 87

Credit Card Processing

Mobile Payments

Digital Wallet Integration

Security

Multi Currency

Integration With Accounting System

Recurring Payments

POS Integration

E-Commerce Integration

POS Verification

Reporting Analytics

Vendor Capability Ratings

Average 83

Ease of Implementation

Ease of Customization

Business Value Created

Usability and Intuitiveness

Availability and Quality of Training

Ease of IT Administration

Breadth of Features

Quality of Features

Product Strategy and Rate of Improvement

Vendor Support

Ease of Data Integration

Venmo for Business Reviews

Kurt F.

Role: Information Technology
Industry: Healthcare
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jun 2021

Easy to move money around and pay for services!

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Easy to find folks to send payment too.

What is your favorite aspect of this product?

Social aspect!

What do you dislike most about this product?

No integration with Paypal

What recommendations would you give to someone considering this product?

Quality product.

Pros

Saves Time
Helps Innovate
Continually Improving Product
Reliable

Libby B.

Role: C-Level
Industry: Entertainment
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Mar 2021

Venmo makes things easy!

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

They don’t take a cut of the payment you receive and only charge the customer if they are using a credit card.

What is your favorite aspect of this product?

The fact that they don’t deduct anything when you receive a payment. I also appreciate the fact that I have the option of keeping my funds in my Venmo account or transferring them to my bank account. There’s also no monthly maintenance fee for keeping funds in my Venmo account which I also appreciate.

What do you dislike most about this product?

I do wish I had the option to choose my fu sing source when making a payment via Venmo. As of now if there is enough money in your Venmo account, all payments automatically come from there. Sometimes I’d rather be able to leave that money untouched and pay via Venmo using a different card.

What recommendations would you give to someone considering this product?

I’d say 100% sign up! It is the fastest and most convenient way to send and receive money. I’d also suggest getting the Venmo card as it is accepted in so many places, it really just adds to the convenience factor.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Latest Research

Venmo for Business

What is Venmo for Business?

Company Details

Need Assistance?

Awards & Recognition

Venmo for Business Ratings

87 Likeliness to Recommend

97 Plan to Renew

90 Satisfaction of Cost Relative to Value

1 Since last award

Emotional Footprint Overview

+91 Net Emotional Footprint

How much do users love Venmo for Business?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Credit Card Processing The ability to process credit card payments and receive approval or rejection of funds from the customer's bank

Mobile Payments The ability to process mobile payments from a mobile wallet or other mobile phone payment app

Digital Wallet Integration The ability to process payments from a digital wallet service or another digital payment method

Security Built-in security to protect payment information to prevent fraud and hacking

Multi Currency Allows users to process payments in multiple currencies

Integration With Accounting System Provide integration with accounting software and ERP systems

Recurring Payments The ability to schedule payments at a cadence

POS Integration The ability to integrate with a POS system to allow the processing of credit card or mobile payments in a store setting

E-Commerce Integration The ability to integrate directly with an e-commerce platform to create a seamless checkout experience

POS Verification Support cardholder verification methods for POS transactions

Reporting Analytics Reports and analytics created from payment data

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Venmo for Business Reviews

Kurt F.

Easy to move money around and pay for services!

Likeliness to Recommend

Pros

Libby B.

Venmo makes things easy!

Likeliness to Recommend

Pros

Most Popular Venmo for Business Comparisons

Amazon Pay

Stripe Payments

Square Payments

BlueSnap

GoCardless

Braintree Direct

Title

1
Since last award

Feature Ratings

Credit Card Processing

Mobile Payments

Digital Wallet Integration

Security

Multi Currency

Integration With Accounting System

Recurring Payments

POS Integration

E-Commerce Integration

POS Verification

Reporting Analytics

Vendor Capability Ratings

Ease of Implementation

Ease of Customization

Business Value Created

Usability and Intuitiveness

Availability and Quality of Training

Ease of IT Administration

Breadth of Features

Quality of Features

Product Strategy and Rate of Improvement

Vendor Support

Ease of Data Integration