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Venmo for Business Logo
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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

Minak S.

  • Role: Consultant
  • Industry: Technology
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Oct 2021

Faster & Simple Payment Collecting Platform

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Allow consumers to pay with Venmo at the transaction of your smartphone site or app, and gain the social advantages of the Venmo network long after the transaction. It is a helpful new tool in some businesses, mostly used to receive cash from customers and to ensure certain deals with specific suppliers. We were able to eradicate the need for checks entirely using this technique. These all things are unique in Venmo than other platforms.

What is your favorite aspect of this product?

I'm a huge fan of Venmo. I use it almost every day, whether for colleagues, relatives, or business requirements. Venmo has a benefit over other technologies such as PayPal in that it allows free transactions among members. This is a desirable feature since no one wants to be charged a fee every time payment is being sent or received. I particularly appreciate the fact that I can collect or make deposits straight from my bank, through mobile phone, or online.

What do you dislike most about this product?

The one thing I don't like about the default configuration is that they share open activities, which I believe should be deactivated by the standard. However, in general, the program has been excellent, and I have had no serious issues.

What recommendations would you give to someone considering this product?

Amazing, a simple-to-use program that I recommend you use everywhere, at any time. Venmo payments are instantly deposited to any bank account and appear in seconds. It is now, in my opinion, the greatest rapid market maker in a smartphone or tablet. The company is quite strong and deserves a shot.

Pros

  • Reliable
  • Enables Productivity
  • Trustworthy
  • Efficient Service

Akira A.

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

Submitted Sep 2021

The best application

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Allow clients to pay with Venmo at checkout on your mobile website or app, and you'll reap the social benefits of the Venmo network even after the sale has been completed.

What is your favorite aspect of this product?

I like that I can take payments from people all over the world using Venmo. I can get my money immediately away because it can connect to my bank account. So don't be concerned about me.

What do you dislike most about this product?

The only thing I don't like about Venmo is that others can see who you're paying and what you're paying them for.

What recommendations would you give to someone considering this product?

This is a safe and secure option for your business, it is definitely suggested that you put your plan into action.

Pros

  • Helps Innovate
  • Enables Productivity
  • Trustworthy
  • Caring

Lingh F.

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

Submitted Sep 2021

One of the best mobile-payment systems

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Venmo is a payment service that allows users to send direct bank transfers (ACH) or card payments to one another through a cell phone application that is extremely simple to use and accessible thanks to its QR feature.

What is your favorite aspect of this product?

It was extremely simple to set up and use. It's convenient to be able to invoice vendors and pay personal bills no matter where I was or what time it was. People in the film industry do not work regular hours and prefer to be paid only when their work is finished. Venmo, which eliminates the need for a wait, makes this possible. So far, I've had no problems using Venmo to pay vendors. I can always go back and look for transaction records.

What do you dislike most about this product?

The only thing I would change, and this is entirely subjective, is to have more payment subject images available for use in posting transaction details.

What recommendations would you give to someone considering this product?

Venmo is a fantastic tool for contract collection and payment, and I highly recommend it. It's easy to use and offers a variety of payment options.

Pros

  • Helps Innovate
  • Reliable
  • Performance Enhancing
  • Enables Productivity

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