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Venmo for Business Logo
Venmo for Business Logo
Venmo

Venmo for Business

Composite Score
7.9 /10
CX Score
8.1 /10
Category
Venmo for Business
7.9 /10

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


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Awards & Recognition

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

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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


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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

90

Mobile Payments

89

Digital Wallet Integration

88

Security

88

Multi Currency

88

Integration With Accounting System

87

Recurring Payments

87

POS Integration

87

E-Commerce Integration

86

POS Verification

84

Reporting Analytics

83

Vendor Capability Ratings

Average 83

Ease of Implementation

88

Ease of Customization

87

Business Value Created

87

Usability and Intuitiveness

84

Availability and Quality of Training

83

Ease of IT Administration

83

Breadth of Features

82

Quality of Features

81

Product Strategy and Rate of Improvement

80

Vendor Support

80

Ease of Data Integration

79

Venmo for Business Reviews

Mario L.

  • Role: Sales Marketing
  • Industry: Media
  • Involvement: Business Leader or Manager
Validated Review
Verified Reviewer

Submitted Nov 2021

we have used mobile software in the past

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

The user interface is very intuitive and it is very easy to manipulate the content so that the other person pays you from anywhere they are very easy since they do not have to have your bank details for the other person to pay you in my opinion, the best part is their customer service. Whenever I hit a bump in the road, I would simply call customer service and an agent could guide me. I know it was my first day and my first experience with your customer service, but my mother also told me "if your relationship (business or personal) starts badly, it will most likely end badly.

What is your favorite aspect of this product?

their customer service leaves a lot to be desired, I called on the first day of using this product and the customer service was excellent I have shopped quite a bit and have yet to find any card processing companies offering lower or more comprehensive fees we have used software mobile in the past, while the other software works fine.

What do you dislike most about this product?

A little harder to navigate until you get used to it. It doesn't offer same-day financing like most other mobile apps.

What recommendations would you give to someone considering this product?

On the rare occasions that my staff or I have had to call customer service, we had a short wait to speak to a live person, and our issue was always easily fixed. I also appreciate that venmo customer service has always been careful not to share my personal information with my staff.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

wu l.

  • Role: Sales Marketing
  • Industry: Technology
  • Involvement: IT Leader or Manager
Validated Review
Verified Reviewer

Submitted Nov 2021

money transfer service with a social media compone

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Venmo is a peer-to-peer (P2P) money transfer service with a social media component: Money can be sent or requested in the form of emoji-laden text messages displayed in a Facebook-style feed. Don't worry, transfer dollar amounts are always kept private, and you can specify whether your payments are visible to everyone, shown only to friends, or kept private.

What is your favorite aspect of this product?

It is an excellent piece of software for quickly and easily sending money to family and friends. It is suitable for both personal and commercial use. It offers a simple and effective platform for sending and tracking money in large, small, or public groups. Furthermore, the customer service is outstanding. They provide a mobile as well as a web interface

What do you dislike most about this product?

I have not yet discovered anything I dislike about tool yet.

What recommendations would you give to someone considering this product?

Venmo is the way to go if you want people to pay you quickly and easily. They even let me get free products from them.

Pros

  • Inspires Innovation
  • Saves Time
  • Fair
  • Friendly Negotiation

Ryoko W.

  • Role: Information Technology
  • Industry: Technology
  • Involvement: Business Leader or Manager
Validated Review
Verified Reviewer

Submitted Oct 2021

Electronic Payments using Venmo

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

I can quickly attach my bank or credit card details to make payments with Venmo. All payments are processed fairly quickly so there is no need to wait for third party approval to release the money and have it reflected in the accounts. In addition, it has very good rates of use and unlike others, you do not have to be paying commissions and fees for everything that is done with it. Its interface is very up-to-date and meets everything required to avoid problems.

What is your favorite aspect of this product?

I like its QR code reader, it is super useful and very modern. I find it flattering that Venmo has a good security system for the protection of information. It has a fairly wide user community and that has helped me to grow economically since many people already use it regularly, and this could be due to how easy it is, you do not have to take any course to be able to manipulate it, that allows that even older people can use it without problem.

What do you dislike most about this product?

The monthly limits of transactions could be extended, I say this because there are limits in relation to the money that can be handled monthly, this could make large companies fall short with their transactions. Technical support could also be improved, since most of the system is robotized and it is difficult to reach a real person to solve any requirement.

What recommendations would you give to someone considering this product?

I recommend Venmo to people or companies who want to enter the digital economy. With Venmo you can have control over your finances and make transactions much faster than normal. And what I find interesting is that their commissions are quite accessible to all audiences. All good service deserves to be recognized and it seems to me that more people in the world should take the opportunity to try out technologically advanced systems such as Venmo.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Most Popular Venmo for Business Comparisons

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