Venmo Pricing, Features, Reviews & Comparison of Alternatives

Venmo

Digital wallet & mobile payment gateway

4.77/5 (3,733 reviews)

Venmo overview

What is Venmo?

Venmo is a digital wallet and payment gateway that allows customers to make payments and transfer money via mobile device. Businesses are able to offer a new social currency to a mobile-first audience, as well as generate exposure for the brand as users share their purchases on the Venmo feed.

The solution allows users to make payments by linking their bank accounts or debit cards directly via the app, or by transferring the money stored within their Venmo account. Besides initiating payments, consumers can send and receive payments from friends and contacts by selecting a contact's name, @username, phone number or email. All transfers can be stored as a Venmo balance for use at a later time, or cashed out immediately to a bank account.

The platform provides an intuitive user experience and speedy checkout system that enables customers to buy event tickets and pay for items with a few taps. Users can share their purchases with friends on their Venmo feed, as well as make comments and add emojis to payment descriptions and other contact’s shared purchases.

Users must link a credit card, debit card or checking account in order to use the service. Venmo safeguards payment data with encryption, allowing customers to pay safely and securely.

Pricing

Pricing options
Free
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

English
Venmo screenshot: Send or request payments with a message and emojisVenmo Payouts APIVenmo screenshot: Comment on or like other contact's payment actionsVenmo screenshot: Send confirmation emails and e-tickets to customers post-purchaseVenmo screenshot: Customers can pay for items using mobile check-outVenmo screenshot: Users can attach a note or description with each paymentVenmo screenshot: Share payments with friends and contactsVenmo screenshot: Connect with people and share momentsVenmo screenshot: Transfer money using a contact's name, @username, phone or email

Venmo reviews

Value for money
Features
Ease of use
Customer support
  4.8
  4.6
  4.8
  4.5
Nathan Lieberman

Why Would You Pay Another Way?

Used weekly for 2+ years
Reviewed 2020-04-24
Review Source: Capterra

Fantastic. It gets the job done effortlessly.

Pros
It is so easy to make payments it's insane. This little app can do anything from splitting checks to invoicing freelance jobs.

Cons
There isn't much I don't like about Venmo. The social side of it is okay and I don't care much about that part since I like to keep my payments private.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 10/10

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Anonymous

My favorite money app!!!

Used daily for 1-2 years
Reviewed 2020-07-28
Review Source: Capterra

Venmo has been very useful in quickly transferring money between friends. It's a great option also if you want to stash money away for a rainy day or vacation fund. Venmo is the best money app I've ever used and I will definitely continue to recommend it to friends.

Pros
I love that it's free. There's no fees to have an account, or to use the card, with the exception of withdrawing money from an atm. They sent me a venmo debit card with my name on it, and the only time I lost it, they had it replaced in 5 days!

Cons
The ONLY thing I don't like about venmo is the atm withdrawal fee. It seems a little high compared to other cards I've had and it charged me 3$ for a 20$ withdrawal.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Igor Goldkind

Middle of the Road

Used occasionally for 1-2 years
Reviewed 2019-08-06
Review Source: Capterra

Well, given whatI've written above not a good time at all.

Pros
The user base is pervasive. Too many customers had Venmo, and not PayPal (but not both like me). No problems with the interface.

Cons
Main problem being the company's communications regarding my dispute of a via Venmo purchase: >>Your account is on hold. There wasn't enough money in your bank account for some payments you made, so Venmo covered the amount for you. You won't be able to pay people or transfer money to your bank account until you pay Venmo back. Pay Venmo back Amount you still owe $35.00<<o recourse to dispute or contend the charge because Venmo handled the transaction but refused to it when the didn't go through and I canceled the payment.o one to speak to, no one to contact, robot menus that cover all options except the reason you're calling, call centers with employees with no powers to do anything about a problem without asking their supervisor. This usually involves another long wait on hold and transfer to someone who must be explained the issue all over again from scratch. I estimate that I have had to explain my sometimes simple issue over and over 4 times. Because no one can be bothered to brief the person you're transferring the call to! To me this reeks of bad management bad training and a faulty power sructure.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 4/10

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Danielle Sharp

LOVE Venmo - game changer!

Used daily for 6-12 months
Reviewed 2020-06-30
Review Source: Capterra

I literally use Venmo almost daily to pay people, get paid for both business and personal use, and love how easy and fast it is.

Pros
It is so easy to use, almost everyone has it, and I no longer need to uncomfortably follow up with people to be paid. Rather, I can just send a Venmo request for funds and a follow up request if needed.

Cons
I can only send one follow up request for money, it would be nice to have the option to send it more times.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 10/10

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kalique vails

Kaliques review

Used daily for 1-2 years
Reviewed 2020-06-11
Review Source: Capterra

it has been really cool just to see the level of customer service these people have if you need help they are going to help you which is what we need when we are dealing with peoples hard-earned money

Pros
That it doesn't make you do all sorts of crazy verification like Paypal you can easily transfer and receive money in the snap of a finger it is very quick which is what I really like about Venmo

Cons
it should probably partner with more companies like Paypal but other than that this app is absolutely fantastic which is why I'm with you all now

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Venmo pricing

Pricing options
Free
View Pricing Plans

Contact Venmo for detailed pricing information.

Venmo features

Electronic Payments

API (283 other apps)
Access Control (87 other apps)
Activity Dashboard (137 other apps)
Automatic Notifications (105 other apps)
Content Management (131 other apps)
Custom Forms (88 other apps)
Customizable Branding (155 other apps)
Customizable Templates (156 other apps)
Data Import/Export (124 other apps)
Drag & Drop Interface (118 other apps)
Order Management (93 other apps)
Product Catalog (103 other apps)
Reporting & Statistics (124 other apps)
SEO Management (97 other apps)
Search Functionality (113 other apps)
Social Media Integration (96 other apps)
Third Party Integration (188 other apps)
Website Management (90 other apps)
eCommerce Management (103 other apps)

Videos and tutorials

Additional information for Venmo

Key features of Venmo

  • Make payments
  • LInk bank accounts and debit cards
  • Purchases
  • Money transfers
  • Share payments
  • Sync with Facebook and phone contacts
  • Data encryption
  • Request money
  • Track payments
  • Commenting
  • Social currency
  • Mobile-first
  • Payment check-out
  • POS (point of sale)
  • Data storage
  • Passwords & authorizations
  • PIN code
  • Account settings
  • Split bills
  • Emojis
  • E-tickets sent via email
View All Features

Benefits

Brands are able to generate exposure as users share their purchases with friends or contacts via the Venmo feed.

Venmo helps users stay in control of what they owe, what others owe them, and what they've bought.

Organizations can allow customers to pay them as easily as they pay their friends, with fewer taps and a speedy checkout system.

Venmo safeguards payment information using data encryption, enabling customers to securely pay contacts and transfer money to bank accounts.

Customers are able to find contacts automatically by syncing their Facebook account or phone contacts, and split and share payments.