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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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Get AssistanceVenmo for Business Ratings
Real user data aggregated to summarize the product performance and customer experience.
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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
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?
Pros
- Efficient Service
- Performance Enhancing
- Trustworthy
- Effective Service
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
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
Venmo for Business Reviews
Jared S.
- Role: Sales Marketing
- Industry: Recreation
- Involvement: End User of Application
Submitted Aug 2021
Venmo for Business is easy to use and more trusted
Likeliness to Recommend
What differentiates Venmo for Business from other similar products?
Venmo for Business is more trusted than Paypal nowadays and other payment processing platforms. Friends, family and clients transact through the application everyday so it's more widely used. It differentiates due to trustability, wide scale dominance via it's plug-in to Facebook and other social networking platforms and it's a fairly standard transactional fee. It's not a large cost to run. Actually, it has no cost to operate besides daily transactional fees to clients. Venmo also is more efficient at providing quicker money into your bank account through it's high speed payment processing system. Venmo for business overall looks better too.
What is your favorite aspect of this product?
My favorite aspect of this product is it's an extension of Venmo personal. My clients already trust the system.
What do you dislike most about this product?
I dislike the transactional fees, but most payment processors have these no matter what.
What recommendations would you give to someone considering this product?
Make sure you understand what you want to use Venmo for Business for. If it's for recurring transactions, I'm not sure it's doable. There are better options such as like Stripe for that, but for single transactions, Venmo for Business is a great tool.
Pros
- Reliable
- Efficient Service
- Effective Service
- Respectful
Cons
- Inhibits Innovation
- Slower Product Innovation
- Commodity Features
Dan J.
- Role: Sales Marketing
- Industry: Other
- Involvement: Business Leader or Manager
Submitted Jul 2021
User Friendly and Reliable
Likeliness to Recommend
What differentiates Venmo for Business from other similar products?
I've been using Venmo for two or three years now and it remains an integral part of our payments processing. It's easy to set up, easy to use, and reliable every single time. It's one of the best/favorite apps I have.
What is your favorite aspect of this product?
Usability. I don't need complexity in payments receipt and processing. Venmo just make it simple and seamless.
What do you dislike most about this product?
I still have underlying questions/concerns about security and future product direction but they're minimal.
What recommendations would you give to someone considering this product?
Try it, do your research, ask lots of questions. It stands on its own merits.
Pros
- Reliable
- Enables Productivity
- Trustworthy
- Efficient Service
Susanna A.
- Role: Consultant
- Industry: Retail
- Involvement: End User of Application
Submitted Jul 2021
User interface humanizes transactions with emoji
Likeliness to Recommend
What differentiates Venmo for Business from other similar products?
peer-to-peer start lends a different focus to the usability of the app
What is your favorite aspect of this product?
ubiquitousness
What do you dislike most about this product?
security and sharing defaults. lack of privacy
What recommendations would you give to someone considering this product?
make sure to check privacy settings
Pros
- Continually Improving Product
- Reliable
- Unique Features
- Helps Innovate
Cons
- Charges for Enhancements
- Security Frustrates
