Venmo for Business

What differentiates Venmo for Business from other similar products?

This system is the simplest for collecting all types of electronic payments, including major credit cards and ACH. It also has good integrations for local and online apps to collect payments within your existing systems relatively seamlessly. Our company has been using venmo for more than 13 years. Our search for a payment processing solution ended when we found venmo. It allows payment scheduling, which is a much-needed feature for us. It simply met all of our needs in handling our payment related services.

What is your favorite aspect of this product?

The experience as a whole has been excellent. The ability to send invoices, post a link on my site for people to pay, and collect payments myself by credit card and ACH has helped me grow my productivity and my business. Also, the staff has remained helpful since the beginning. Approval was quick and simple, and when I wanted higher ACH limits and lower credit card processing fees, my requests were handled immediately.

What do you dislike most about this product?

For a few years now, I have been requesting the ability to include it as a quote, not just an invoice. They say it's the works, but I haven't seen it yet.

What recommendations would you give to someone considering this product?

Once you enter the live account setup process with venmo, you should be provided with a summary of all these additional fees. However, I think the initial ad transparency could be improved with just a few simple tweaks to the site. I still find the selling experience with venmo to be pretty straightforward and generally better than average. Just make sure you understand that a tiered pricing structure has more than one fee and that Venmo will set up a merchant account for you with a third party.

What differentiates Venmo for Business from other similar products?

I have worked with many clients to build a website on the Demandware platform and used venmo as a payment integration. Venmo provides seamless integration with DW and provides ready-to-embed code. So, in no time, the payment integration is ready. I love how easy it is to use venmo. It also takes me out of having to think about payments once they've been entered and alerts me with an email if something needs my attention. Venmo is a great software for taking payments and setting up recurring payments.

What is your favorite aspect of this product?

In the last project, the Client also wanted to use the PayPal integration, but did not want to manage 2 merchant accounts for settlement. We use venmo as now venmo also offers Paypal integration. The customer was quite happy with this decision. It allows you to transact all of your payment processes, such as credit card and ACH payments, access and update customer information, add and manage service offerings, and access reports and dashboards, directly on your mobile device, either in the Android or iOS app.

What do you dislike most about this product?

API sometimes is confusing and documentation makes it even more confusing. Fraud detection must be more intelligent and be based on machine learning.

What recommendations would you give to someone considering this product?

If you want a reliable and secure payment gateway, Venmo is a great solution. Your dev ops team will really appreciate it. It doesn't provide advanced fraud management capabilities, so you may want to integrate with another provider that uses machine learning and artificial intelligence to detect fraudulent transactions based on available data.

What differentiates Venmo for Business from other similar products?

Venmo for business make collecting payment for a business owner really simple without tons of fees. It's less formal than Stripe for example but is much better than cash or paypal.

What is your favorite aspect of this product?

The ease of use does it for me! Especially because I'm so familiar with it on the personal side of things.

What do you dislike most about this product?

It's not a full blown payment processing system.

What recommendations would you give to someone considering this product?

Great starting point POS set up. I think people should avoid using cash and track payments if they're in the small business space. It'll help you get ahead in the end. Venmo business helps you do that.