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Venmo

Venmo for Business

8.7 / 10
Category

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

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.

89 Likeliness to Recommend

96 Plan to Renew

88 Satisfaction of Cost Relative to Value


Emotional Footprint Overview

+88 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
8% Neutral
92% Positive

Pros

  • Efficient Service
  • Performance Enhancing
  • Trustworthy
  • Effective Service

Feature Ratings

Average 88

Mobile Payments

92

Digital Wallet Integration

91

Credit Card Processing

91

Multi Currency

91

Security

91

POS Integration

89

Recurring Payments

89

Integration With Accounting System

87

POS Verification

86

E-Commerce Integration

85

Customer Support

83

Vendor Capability Ratings

Average 85

Ease of Implementation

89

Ease of Customization

88

Usability and Intuitiveness

87

Availability and Quality of Training

87

Ease of IT Administration

86

Business Value Created

86

Product Strategy and Rate of Improvement

85

Quality of Features

84

Vendor Support

83

Breadth of Features

83

Ease of Data Integration

81

Venmo for Business Reviews

Feastre L.

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

Submitted Oct 2022

Venmo your investment in the best hands

Likeliness to Recommend

10 / 10

What differentiates Venmo for Business from other similar products?

Remote banking complicates a bit the ability to move money the way businesses want, but Venmo allows users access to consent a cash and card management account in a single account. Venmo claims users can affluence less on the monotonous work and more on the big picture with integrated tools and integrations to proceed cost tracking, earn points on every card purchase, with live support.

What is your favorite aspect of this product?

We use Venmo as our primary credit card merchant. More specifically, we use Venmo to track our spending and collect rewards. We are also using the rewards they are offering. It's easy to rush transactions and offers good possessions to spend. It doesn't deteriorate as much on the money side, but the affable user interface with technology is appreciated in representation with a conventional bank.

What do you dislike most about this product?

It can be somewhat overloaded to bequeath money between the credit card and the bank, another plus point offers more help in identifying areas of overspending, not to leave behind help in making an accompaniment of spending on commensurate accounts.

What recommendations would you give to someone considering this product?

I would recommend it to technology companies to opt for an interface and a test that highly improve those of existing banks. It is also good to have a large line of credit in representation with what is traditionally offered.

Pros

  • Reliable
  • Trustworthy
  • Inspires Innovation
  • Caring

Hegar M.

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

Submitted Jan 2022

The support is the best i have ever come across

Likeliness to Recommend

10 / 10

What differentiates Venmo for Business from other similar products?

venmo Billing is straightforward to implement and removes the headache of the periodic billing process. Implements wonderfully in the "venmo Experience," providing excellent and well thought out APIs and 24/7 incredibly dedicated support with passion for what they do. The support is the best i have ever come across, and they treat you like you are a massive customer of them, regardless of your size, making you feel appreciated.

What is your favorite aspect of this product?

Super easy to set up, tons of integrations. Intuitive interface that every accountant can get acquainted in minutes. From manual invoice generation to integration with advanced billing everything works fine.The fact that I dont have to take a screenshot for a refund receipt, I can just hit their little send refund tab and enter the email makes sending a receipt a breeze.

What do you dislike most about this product?

Honestly, it has been working seamlessly compared to other services like it, and I have yet to come across an issue while using the program that would cause me to dislike it.

What recommendations would you give to someone considering this product?

Learn as much as you can about the product before using it.It's so easy to use, understand, troubleshoot, and set up

Pros

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

Josue M.

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

Submitted Jan 2022

Our company has been using venmo for more than 13

Likeliness to Recommend

10 / 10

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.

Pros

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

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