Venmo Features

Venmo

Digital wallet & mobile payment gateway

4.76/5 (6,431 reviews)

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ACH Payment Processing
Account Reconciliation
Authentication
Commenting/Notes
Customer Engagement
Data Security
Data Storage Management
Data Synchronization
Debit/Credit Card Processing
Electronic Payments
In-Person Payments
Mobile Access
Mobile Payments
Online Payments
PCI Compliance
Partial Payments
Payment Fraud Prevention
Payment Processing
Point of Sale (POS)
Promotions Management
Reporting/Analytics
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SSL Security
Secure Data Storage
Transaction History
Learn moreCompare App
ACH Payment Processing
Account Reconciliation
Authentication
Commenting/Notes
Customer Engagement
Data Security
Data Storage Management
Data Synchronization
Debit/Credit Card Processing
Electronic Payments
In-Person Payments
Mobile Access
Mobile Payments
Online Payments
PCI Compliance
Partial Payments
Payment Fraud Prevention
Payment Processing
Point of Sale (POS)
Promotions Management
Reporting/Analytics
Request Assignment
SSL Security
Secure Data Storage
Transaction History
Visit WebsiteCompare App
ACH Payment Processing
Account Reconciliation
Authentication
Commenting/Notes
Customer Engagement
Data Security
Data Storage Management
Data Synchronization
Debit/Credit Card Processing
Electronic Payments
In-Person Payments
Mobile Access
Mobile Payments
Online Payments
PCI Compliance
Partial Payments
Payment Fraud Prevention
Payment Processing
Point of Sale (POS)
Promotions Management
Reporting/Analytics
Request Assignment
SSL Security
Secure Data Storage
Transaction History
Visit WebsiteCompare App

Mobile apps

iOS App


12,105,581 reviews

Requires iOS 12.0 or later. Compatible with iPhone, iPad, and iPod touch.

Android App


465,195 reviews

Venmo Feature Reviews

25 reviewers had the following to say about Venmo 's features:

Pahel M.

Secure and convenient way of money transfer

2019-10-26

Venmo has revolutionized money transfer through an easy to follow User Interface which is also extremely secured.

Pros

The interface is extremely useful, right from the time you setup your bank account to the time when you are making deposits into your bank from the money you have received.

Cons

I wish there was an integration for me to track my expenses so Venmo would become my one stop shop for all financial management.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Kwanza C.

Venmo User for Business

2021-06-15

My experience I’ve always been please with how easy it is to use and many of my clients use Venmo as well.

Pros

The functionality and the mobile access is was I enjoy most as well as the layout and dashboard on my desktop computer.

Cons

Venmo could offer more reports for businesses.

Rating breakdown

Value for money
Ease of use
Features

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Margaret D.

Quick and easy

2021-05-31

very positive.

Pros

so easy to pay all my vendors quickly. love it.

Cons

Cant access good monthly reporting before month end.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Architecture & Planning company, 11-50 employees)

Essential

2019-12-03

It has solved uncountable situations of shared costs among friends

Pros

It's great that it's liked to 3rd party budget management apps.

Cons

One needs to disable the social network visibility in order to keep payments private.

Rating breakdown

Value for money
Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Curtis L.

Modern Way of Paying!

2020-10-06

It is easy to use and most people are using this platform anyways so its really easy to drop it in and integrate with your services.

Pros

I loved how easy this software is to use.

Cons

The mobile application can be a little slow a times!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Natasha W.

Venmo is easy to use to make a payment!

2019-12-18

It makes mobile transactions easy and safe.

Pros

Venmo is my favorite software to make a mobile payment.

Cons

There is nothing that I dislike about the software. Occasionally, Venmo makes me add my account information repeatedly, but I think that is a security measure. I have not had any major problems with Venmo.

Rating breakdown

Value for money
Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Von L.

The best money transfer tool

2020-09-11

Overall this is really benefit us and I don’t expect to be using anything else

Pros

I love that this tool is so simple and easy for anyone to use.

Cons

Would like to be able to export spreadsheet file

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Swayam J.

Venmo app review

2020-01-21

The experience has been great. Third party Money transfer and bank transfers has never been so easy.

Pros

Very transparent and easy to use user interface. Simple use for complicated functionality.

Cons

Processing time for bank transfers takes too much time, but the paid service for faster transactions solves that issue. There should be a privacy setting to keep transactions hidden.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Tegan Q.

Venmo Review

2021-04-08

The ease of use, free access and common use makes this a great payment tool.

Pros

Many people use the app which makes paying people and getting paid very easy.

Cons

It’s hard to search for a payment, a search tool would help.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Erica T.

Great for multiple purposes

2021-05-06

Easy to use, flexible options, clear user interface.

Pros

It is also simple to instruct on-campus organizations how to create an account in order to collect donations and payments for a variety of items.

Cons

One con is that people sometimes are concerned their information is not safe due to the fact that this is a mobile app. However, I feel that that is a generational concern and our key demographic does not fall into that category.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
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Jacqueline D.

Payroll Lifesaver

2021-04-22

I believe this product is a great way to help our employees have access to their pay sooner than us writing them a paycheck and having to deliver them out to the field where they are on the job site.

Pros

I have a personal account, that I plan to use to illustrate to upper management the pros of using this within our company.

Cons

Cons - I do not see any cons as of yet. I may when we use it in our professional world, our company. I will definitely provide more information once I am at that point.

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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Bhavin S.

Easy and quick online plus mobile payments

2021-06-17

Overall Venmo has been the best tool to make quick mobile payments to our gig workers.

Pros

One of the best and easiest payment processing platform to use and implement. It’s mobile first platform is the best seller.

Cons

Nothing much to dislike about the software and If we had to provide feedback than the Ui is a bit bland and minimal, that can improve.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Kara Y.

Venmo convenient and makes paying for things easy.

2020-05-12

Overall, I think Venmo is a convenient mobile pay app.

Pros

I like how easy itis the search for people and then send payment.

Cons

I least like that there are occasional glitches where I do not receive notifications even when I turned my notification settings on.

Rating breakdown

Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Peter D.

Easy way to pay influencers

2019-10-09

Venmo has solved a problem of streamlining the mobile payments processing need.

Pros

We needed a solution to easily provide payments to social media influencers who were helping to build our brand. It was much more convenient for them to accept payments via Venmo and was super easy to setup and implement.

Cons

I have only used Venmo for use case of paying individuals for their work in Social Media. because it has been so limited I haven't found anything in particular that I didn't like about the solution.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Courtney K.

Super Easy and Everyone Should Have It

2021-05-19

Very easy both for user and interface - most folks have it and it is mobile first.

Pros

I have found it the easy backup for when I do not have cash on me - It also keeps a record for when it comes time to pull up taxes.

Cons

The older generation of folks have yet to adopt it so this can be a little bit of a barrier. It also needs to make its way into some of the verticals like Real Estate and Banking.

Rating breakdown

Value for money
Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Egberto W.

Makes quick funding seamless

2021-05-07

I really enjoy using Venmo and my supporters demanded that I used it as an option for funding.

Pros

There are many mobile tools on the market.

Cons

There is not much not to like about this product. The interface is easy and I could not find any way to make it any better.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Lorraine P.

Easy and quick way to pay friends and other people

2020-10-13

Appreciate the text feature as well.

Pros

The new feature of entering the recipient's last phone number digits are also a great security measure.

Cons

Hard to navigate or find the icon to search for a new contact.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Primary/Secondary Education company, 501-1000 employees)

Convenient, but requires a mobile device.

2019-08-21

Pros

When Venmo initially came out it was very easy to use via mobile and even from a desktop.

Cons

Also, having to report what the money is for is an unneccessary steep.

Rating breakdown

Value for money
Ease of use
Features

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Erica S.

Money in your hands

2021-04-20

Overall this is an easy tool to use.

Pros

This a great way to collect money from people when organizing different events/ activities. most people don’t carry cash in hand but they have a cell phone .

Cons

It does charge a fee for instant access to your money.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
DENNIS G.

A "New" Way to Pay

2020-03-12

Venmo is what most younger folks are using nowadays to transfer money to and from. It is based on a social media background (which is why it probably appeals to them), and not only can you see you or your friends' transactions to eachother, you can also see the general public and what they're doing as well. WHY this is something that people want or need to see is beyond me, but in this age of social media this product fits right in. When mentioning PayPal as another form of money transfer, most younger folks mention Venmo instead. When I also tell them that Venmo is owned by PayPal, their face usually contorts and confusion sets in. Bottom line, Venmo works and it's "fresh". If you want to transfer money to/from anyone in the younger generation, you may want to install this and learn how it works.

Pros

There is a web-based portal as well, but this is a product geared toward mobile usage so the phone app has more functionality than what you would be able to do online via web-access.

Cons

A bit cumbersome to set up initially, and the interface is clunky.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Publishing company, 1001-5000 employees)

Review of Venmo

2021-04-19

I love Venmo and would recommend it to anyone who needs an easy way to send or request money.

Pros

You access it via a mobile app, and within seconds can seamlessly send money to anyone with a Venmo account.

Cons

Venmo is designed to have a social element to it, which is why this feature exists, but if you want to keep your transactions private, you have to turn this setting off.

Rating breakdown

Value for money
Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Yaxi W.

Easy to use, safe payment app

2020-09-08

Makes it easy to securely pay and request users that you may not know well.

Pros

Makes it easy to transfer money with users and the last 4 phone number digit authentication verification feature makes it easy to ensure that you’re sending money to the right person.

Cons

It would be better if there were a grouping or filtering feature for search.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Elizabeth H.

Easy and fast way to pay

2021-02-23

However, I did find that in the PayPal app, it was difficult to locate people and it would force me to use the mobile site instead.

Pros

It’s simple to find friends and family on the app, in order to request or send money.

Cons

I currently do not have any negative comments regarding Venmo. Maybe one thing is that I don’t always want my payments to be listed on the Venmo “feed” so to speak, for everyone to see.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Garrett S.

Quick, convenient, easy

2019-07-22

Going out with friends or co-workers is so much easier with Venmo.

Pros

Simple and convenient. Customizable notifications make it easy to keep track of who owes what without blowing my phone blowing up every twenty seconds.

Cons

My debit card recently expired and I was required to delete the expired card and re-enter the new information manually. Not a huge hassle, but it would have been nice to just update the card that was already on record, though this may have been for security purposes.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Michael M.

Go-To Payment Application

2019-05-23

Early user, I think it's better than alternatives (biggest network)

Pros

-Simple interface, has several options for the level of privacy on a payment and how to pay/receive your money -Emoji search feature is very neat and a good way to summarize a transaction

Cons

-3% fee to pay with a credit card -Notifications persist until I open the app

Rating breakdown

Value for money
Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more