This is your compare tray

Apps you want to compare will be listed here. Launch a head to head comparison at any time.

All categories

Alternative Payments vs Venmo Comparison

Add to Compare
Compare Similar Apps
Odoo
HoneyBook
Zoho Books
Bitrix24
FreshBooks
PandaDoc

Overview

Alternative Payments is a cloud-based global payment processing platform designed to help eCommerce enterprises expand their...

Category Leaders

Venmo is a digital wallet and payment gateway that allows customers to send money and make purchases via mobile device, and...

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Screenshots

Pricing

Starting from
$

0.35

  • Free trial available
  • No credit card required
  • Free account
  • Subscription based
Starting from

Free

  • Free trial available
  • No credit card required
  • Free account
  • Subscription based

User reviews

4.2

5

4

3

2

1

4

0

0

0

1

  • Value for money
  • Ease of use
  • Features
  • Customer support
80%
would recommend this app

5

4

3

2

1

4,970

914

171

40

26

  • Value for money
  • Ease of use
  • Features
  • Customer support
98%
would recommend this app

Pros

Not enoughreviews yet

Pros

I love how quick and easy it is to use, I love that it has profile pictures to help users know they are sending to the correct person. The scan feature is also really helpful.
I like how easy it is to use not only among friends but any other vendors who have the software or app. I am always happy when a vendor uses Venmo because I know it's going to be an easy transaction.
Makes for easy transfers in or out of my bank account and customer service is AMAZING. Customer Service is also available through chat, and I LOVE that.

Cons

Not enoughreviews yet

Cons

There is a potential of 'abuse' in that the transactions are irreversible. Also, the default setting is 'public.
If you are really desperate for the money immediately, then you have to pay a small percentage.
I understand from security reasons, but it is annoying. Apparently it is possible now, but has been a pain to figure out.
  • Vendor responds to reviews
  • Last reviewN/A
  • Vendor responds to reviews
  • Last review8 days ago

Key features

  • Total features35
  • ACH Payment Processing
  • API
  • Account Reconciliation
  • Activity Dashboard
  • Activity Tracking
  • Authentication
  • Billing Portal
  • Check Processing
  • Commenting/Notes
  • Contact Database
  • Customer Engagement
  • Data Security
  • Data Storage Management
  • Data Synchronization
  • Debit/Credit Card Processing
  • Electronic Payments
  • Fraud Detection
  • In-Person Payments
  • Invoice History
  • Mobile Access
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Order Processing
  • Partial Payments
  • Payment Processing
  • Point of Sale (POS)
  • Portfolio Management
  • Promotions Management
  • Purchasing & Receiving
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Real Time Notifications
  • Real Time Reporting
  • Real-time Updates
  • Receipt Management
  • Recurring/Subscription Billing
  • Reporting/Analytics
  • Request Assignment
  • Revenue Management
  • SSL Security
  • Sales Reports
  • Secure Data Storage
  • Security Auditing
  • Transaction History
  • Transaction Monitoring
  • Widgets
  • Total features22
  • ACH Payment Processing
  • API
  • Account Reconciliation
  • Activity Dashboard
  • Activity Tracking
  • Authentication
  • Billing Portal
  • Check Processing
  • Commenting/Notes
  • Contact Database
  • Customer Engagement
  • Data Security
  • Data Storage Management
  • Data Synchronization
  • Debit/Credit Card Processing
  • Electronic Payments
  • Fraud Detection
  • In-Person Payments
  • Invoice History
  • Mobile Access
  • Mobile Payments
  • Multi-Currency
  • Online Invoicing
  • Online Payments
  • Order Processing
  • Partial Payments
  • Payment Processing
  • Point of Sale (POS)
  • Portfolio Management
  • Promotions Management
  • Purchasing & Receiving
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Real Time Notifications
  • Real Time Reporting
  • Real-time Updates
  • Receipt Management
  • Recurring/Subscription Billing
  • Reporting/Analytics
  • Request Assignment
  • Revenue Management
  • SSL Security
  • Sales Reports
  • Secure Data Storage
  • Security Auditing
  • Transaction History
  • Transaction Monitoring
  • Widgets

Integrations

  • Total integrations2
  • Authorize.net
  • Dynamics 365
  • FreshBooks
  • Magento Commerce
  • Microsoft Dynamics GP
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Workato
  • Xero
  • Zapier
  • Total integrations5
  • Authorize.net
  • Dynamics 365
  • FreshBooks
  • Magento Commerce
  • Microsoft Dynamics GP
  • Microsoft Excel
  • NetSuite
  • PayPal
  • QuickBooks Online
  • QuickBooks Online Advanced
  • SAP Business One
  • Sage Intacct
  • Salesforce Sales Cloud
  • Shopify
  • Slack
  • Stripe
  • WooCommerce
  • Workato
  • Xero
  • Zapier

Security

  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation
  • Encryption of sensitive data at rest
  • HTTPS for all pages (web-based apps)
  • Reports/alerts for security breaches
  • Multifactor authentication options
  • Customer data removed upon service cancellation

User reviews that mention these apps

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8.00/10

Share this review:

Venmo

Useful for Payments

Reviewed 20 days ago

Utilize it to set up an alternative payment method for customers.

Pros

Ease of use. Universal banking acceptance

Cons

Hard to understand what else it does other than the main function. No added benefit.

Overall Rating
  • Ease of use
  • Features
  • Likelihood to recommend9.00/10

Share this review:

Venmo

Super easy and no fee

Reviewed 2 years ago

Its a nice alternative payment option but we do not use it very often.

Pros

I like that it is free and easy to use. The money goes directly to my account instead of having to take it out of a paypal account which charges a fee for the transfer.

Cons

It is mostly intended for personal use and not really a good option for business - too casual of a platform, unsure about security.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10.00/10

Share this review:

Venmo

Awesome payment option

Reviewed a year ago

My experience with Venmo is great as it is very easy to use and it provides another payment option rather than checks, zelle and wiring.

Pros

Alternative payment sending and receiving for free. It has a user friendly interface. It is growing with the number of users

Cons

Not as popular as other methods of payments. It takes a few days to transfer money into accounts. It is not as private for payments as other options

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10.00/10

Share this review:

Venmo

Great payment option!

Reviewed 19 days ago

Venmo has been great. We will continue to offer and suggest Venmo as an alternative payment option for our services.

Pros

Venmo is a super easy and simple way for clients to pay for their services. Most consumers do not carry cash and the younger generation is very used to paying for everything electronically so Venmo is a great addition to our payment options.

Cons

When first opening the business option for Venmo, it was free, just as is the personal account. Then after a few months of using it, they added a convenience charge for business transactions. That is okay, because the % is still less than traditional debit card or card transaction fees.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Likelihood to recommend10.00/10

Share this review:

Venmo

Quick, easy and virtually no fees

Reviewed a year ago

As a small business owner, Venmo provides an alternative payment method besides Paypal, Apple Pay, and credit cards. For personal use, one just needs to download the app to split the bill with friends. It is super easy to send and receive payments.

Pros

Venmo provides a super-easy way to make and receive payments from anyone who have the app installed on the smartphone for persona or businessl use. No more need to carry cash in the wallet to pay someone back. Just enter the person's Venmo ID and amount, that person gets the payment instantly. The money sent or received is securely linked to a bank account and can be transferred with a simple push of a button. Venmo does not charge a fee for payments made through a bank account.

Cons

There is a fee if the payment is made by credit card. Venmo also charges a fee if the payments are intended for business, and it may not be the best rate.

Overall Rating
  • Ease of use
  • Features
  • Likelihood to recommend7.00/10

Share this review:

Venmo

Fee free and easy to use

Reviewed 2 years ago

A little confusing to set up, but otherwise a reliable payment portal. Probably better suited to personal payments than to professional ones.

Pros

If you're looking for an alternative to payment portals that charge high fees, Venmo is a good choice for you. Once set up, it's relatively easy to use and your money is transferred instantly.

Cons

During setup, for instance when you're trying to bill a client or find someone to pay, Venmo can be pretty hard to navigate. As an example, I once sent a payment to someone I'd paid previously - it took me about 10 minutes to actually FIND the person using the app. Not very user friendly in that regard.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9.00/10

Share this review:

Venmo

Extremely simple way to send money

Reviewed a year ago
Pros

Every once in a while I will have a client who is unable to pay an invoice with a credit/debit card and Venmo provides an alternative for payment. Venmo gives an additional option for getting paid which keeps things running smoothly.

Cons

Finding the right person on Venmo can be tricky sometimes with small profile pictures and users often not knowing what their username is. The other downside is that there is a fee for instant transfers to bank accounts. I would recommend going with the free transfer option, it says within 3 business days but often the transfers arrive within an hour or two of initiation.

Alternative Payments vs. Venmo

See how Alternative Payments and Venmo stack up against each other by comparing features, pricing, ratings, integrations, security & more.