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Venmo for Business Logo
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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

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

Serena S.

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

Submitted Dec 2021

Nice to have, easy to use!

Likeliness to Recommend

8 /10

What differentiates Venmo for Business from other similar products?

Venmo for business make collecting payment for a business owner really simple without tons of fees. It's less formal than Stripe for example but is much better than cash or paypal.

What is your favorite aspect of this product?

The ease of use does it for me! Especially because I'm so familiar with it on the personal side of things.

What do you dislike most about this product?

It's not a full blown payment processing system.

What recommendations would you give to someone considering this product?

Great starting point POS set up. I think people should avoid using cash and track payments if they're in the small business space. It'll help you get ahead in the end. Venmo business helps you do that.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Trustworthy

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