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Venmo for Business Logo
Venmo for Business Logo
Venmo

Venmo for Business

Composite Score
7.7 /10
CX Score
8.0 /10
Category
Venmo for Business
7.7 /10

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

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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.

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.

84 Likeliness to Recommend

4
Since last award

93 Plan to Renew

5
Since last award

88 Satisfaction of Cost Relative to Value

1
Since last award


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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.

+90 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

  • Trustworthy
  • Saves Time
  • Efficient Service
  • Fair

Feature Ratings

Average 83

Mobile Payments

87

Credit Card Processing

87

Digital Wallet Integration

86

Security

86

Recurring Payments

84

POS Verification

82

POS Integration

82

Multi Currency

82

E-Commerce Integration

82

Integration With Accounting System

80

Reporting Analytics

80

Vendor Capability Ratings

Average 80

Ease of Customization

82

Business Value Created

82

Ease of IT Administration

82

Ease of Implementation

82

Breadth of Features

81

Usability and Intuitiveness

81

Availability and Quality of Training

79

Quality of Features

79

Ease of Data Integration

79

Vendor Support

77

Product Strategy and Rate of Improvement

76

Venmo for Business Reviews

Yinne L.

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

Submitted Jan 2022

I love how easy it is to use venmo

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

I have worked with many clients to build a website on the Demandware platform and used venmo as a payment integration. Venmo provides seamless integration with DW and provides ready-to-embed code. So, in no time, the payment integration is ready. I love how easy it is to use venmo. It also takes me out of having to think about payments once they've been entered and alerts me with an email if something needs my attention. Venmo is a great software for taking payments and setting up recurring payments.

What is your favorite aspect of this product?

In the last project, the Client also wanted to use the PayPal integration, but did not want to manage 2 merchant accounts for settlement. We use venmo as now venmo also offers Paypal integration. The customer was quite happy with this decision. It allows you to transact all of your payment processes, such as credit card and ACH payments, access and update customer information, add and manage service offerings, and access reports and dashboards, directly on your mobile device, either in the Android or iOS app.

What do you dislike most about this product?

API sometimes is confusing and documentation makes it even more confusing. Fraud detection must be more intelligent and be based on machine learning.

What recommendations would you give to someone considering this product?

If you want a reliable and secure payment gateway, Venmo is a great solution. Your dev ops team will really appreciate it. It doesn't provide advanced fraud management capabilities, so you may want to integrate with another provider that uses machine learning and artificial intelligence to detect fraudulent transactions based on available data.

Pros

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

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

Katiria R.

  • Role: Operations
  • Industry: Retail
  • Involvement: IT Leader or Manager
Validated Review
Verified Reviewer

Submitted Feb 2022

I love Venmo!

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

I've used venmo for the business and in my personal life, as well as other payment platforms but this one has been my favorite for years now. Extremely easy to use, everyone has it and very fast.

What is your favorite aspect of this product?

Connecting the bank account information makes it easy to transfer balances. Now you can just scan a QR code that is provided to you by the app so people scan easily find your through the camera. If you plan on doing repetitive payments, you can add people as friends and repeat it.

What do you dislike most about this product?

There isn't anything I dislike at the moment. It has all the features I need and want.

What recommendations would you give to someone considering this product?

If you don't have it already, you should get in the game and catch up!

Pros

  • Continually Improving Product
  • Trustworthy
  • Friendly Negotiation
  • Appreciates Incumbent Status

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