.png){kind=small}
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
Need Assistance?
We're here to help you with understanding our reports and the data inside to help you make decisions.
Get AssistanceVenmo 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
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?
Pros
- Trustworthy
- Saves Time
- Efficient Service
- Fair
How to read the Emotional Footprint
The Net Emotional Footprint measures high-level user sentiment towards particular product offerings. It aggregates emotional response ratings for various dimensions of the vendor-client relationship and product effectiveness, creating a powerful indicator of overall user feeling toward the vendor and product.
While purchasing decisions shouldn't be based on emotion, it's valuable to know what kind of emotional response the vendor you're considering elicits from their users.
Footprint
Negative
Neutral
Positive
Feature Ratings
Mobile Payments
Credit Card Processing
Digital Wallet Integration
Security
Recurring Payments
POS Verification
POS Integration
Multi Currency
E-Commerce Integration
Integration With Accounting System
Reporting Analytics
Vendor Capability Ratings
Ease of Customization
Business Value Created
Ease of IT Administration
Ease of Implementation
Breadth of Features
Usability and Intuitiveness
Availability and Quality of Training
Quality of Features
Ease of Data Integration
Vendor Support
Product Strategy and Rate of Improvement
Venmo for Business Reviews
Jared S.
- Role: Sales Marketing
- Industry: Recreation
- Involvement: End User of Application
Submitted Aug 2021
Venmo for Business is easy to use and more trusted
Likeliness to Recommend
What differentiates Venmo for Business from other similar products?
Venmo for Business is more trusted than Paypal nowadays and other payment processing platforms. Friends, family and clients transact through the application everyday so it's more widely used. It differentiates due to trustability, wide scale dominance via it's plug-in to Facebook and other social networking platforms and it's a fairly standard transactional fee. It's not a large cost to run. Actually, it has no cost to operate besides daily transactional fees to clients. Venmo also is more efficient at providing quicker money into your bank account through it's high speed payment processing system. Venmo for business overall looks better too.
What is your favorite aspect of this product?
My favorite aspect of this product is it's an extension of Venmo personal. My clients already trust the system.
What do you dislike most about this product?
I dislike the transactional fees, but most payment processors have these no matter what.
What recommendations would you give to someone considering this product?
Make sure you understand what you want to use Venmo for Business for. If it's for recurring transactions, I'm not sure it's doable. There are better options such as like Stripe for that, but for single transactions, Venmo for Business is a great tool.
Pros
- Reliable
- Efficient Service
- Effective Service
- Respectful
Cons
- Inhibits Innovation
- Slower Product Innovation
- Commodity Features
Yair D.
- Role: Student Academic
- Industry: Education
- Involvement: Initial Implementation
Submitted Jul 2021
Easy to use, a bit pricey though.
Likeliness to Recommend
What differentiates Venmo for Business from other similar products?
Venmo is easier to use than other similar products.
What is your favorite aspect of this product?
I like the effectiveness and efficiency of this product.
What do you dislike most about this product?
Not much.
What recommendations would you give to someone considering this product?
To consider Venmo for its easy use.
Pros
- Helps Innovate
- Continually Improving Product
- Efficient Service
- Reliable
Cons
- Less Inspiring
- Leverages Incumbent Status
Raymond M.
- Role: Industry Specific Role
- Industry: Construction
- Involvement: End User of Application
Submitted Jul 2021
Excellent and safe!!
Likeliness to Recommend
What differentiates Venmo for Business from other similar products?
they have excellent service all around for business and everyday services
What is your favorite aspect of this product?
the help they offer if a issue does arise and how quick of a response for said issue
What do you dislike most about this product?
if anything the cost
What recommendations would you give to someone considering this product?
they should make sure its right for them and get it for sure
Pros
- Helps Innovate
- Reliable
- Enables Productivity
- Trustworthy
