Venmo reviews

The app is just great. UI/UX, how they have defined different user personas and the ease of making a transaction is fantastic. Super quick and easy to transact with any third party, strong authentication mechanisms and auto-credit to the account on file. Making and receiving payments is the easiest I've seen, and much better than zelle, or Paypal.

User support is fantastic and there have been instances where I was fully refunded back when goods/services were not delivered as agreed upon.

It would be good to look at the credit worthiness/score and how reliable they are for their services. Currently there's no way to know (other than star ratings and sparse reviews at times).

Multi-lingual capabilities would be helpful too, especially when you are transacting with non-english speaking partners.

Venmo offers a range of features that make it incredibly convenient to send and receive payments. One of the aspects I liked most about Venmo is its user-friendly mobile app, which allows for easy navigation and quick transactions. The ability to link your bank account or debit card and send money to friends, family, or vendors with just a few taps is a game-changer.

One limitation is the potential for delays when transferring funds to your bank account, which can be frustrating if you need immediate access to your money. Additionally, while Venmo offers buyer and seller protection for certain transactions, it's important to be cautious when conducting business with unfamiliar individuals to mitigate the risk of potential scams or fraudulent activities.

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

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.

For our company, the most beneficial features of Venmo have been mobile access, data synchronization, and electronic payments. Mobile access allows us to handle transactions on the go, improving our responsiveness and flexibility. Data synchronization streamlines our financial processes, integrating seamlessly with our existing systems. Electronic payments provide a fast, secure, and hassle-free way to transact with clients and vendors. These standout features have made our financial operations more efficient, fostering growth and enhancing customer satisfaction. Venmo has truly delivered on its promise!

Despite its many benefits, Venmo has a few areas where improvements could be made. First, Venmo's transaction limits can sometimes hinder high-volume businesses, especially when dealing with large transactions. Expanding these limits would be helpful. Second, while Venmo's security is generally strong, we'd appreciate more advanced fraud detection and prevention features to further safeguard our transactions. Finally, the addition of international payment support would make it more versatile for businesses with a global presence.

I love how simple and user friendly it is. I was able to start using it same day I downloaded the app. It is super easy on the go and if I forget my card I can have my friends cover me and I pay them back.

I don't like that it takes a while to transfer from Venmo into my bank account.

I do like the fact that it is available both on the web and every other platforms so long social networking still breaths.

The issue I always have is that: it is only available in some countries and not all. I find that as a total disappointment.

The easy way to send and receive money fast transactions via a mobile app.A feature makes it simple to divide bills . This avoids the trouble of having to collect money from each person separately and makes it handy for shared spending.Can view and participate in the transactions through the apps and It enhances the payment process by including a social component.By providing the option for fast transfers enables users to access their money right away without having to wait for conventional bank transactions to finish.User are protected by financial information and uses security methods like encryption and two-factor authentication.

The amount of money that can be send or received is subject to several restrictions, Despite providing free transfers for the majority of transactions, it levies fees for other services such credit card payments or rapid transfers.

What I like most about Venmo is that everyone has the ability to use venmo and it is extremely easy to use.

When transferring money to your bank account, it can take up to 3 days to clear which is a long time.

I love how easy it is to use! Easy to find people you know from contacts to be able to transfer money more easily. It feels safe and secure to use when sending/receiving payments!

I will say maybe the fee they charge you if you want it right away could be a hassle for some, but I usually wait the 1-3 days to receiver the money and usually it gets sent the day day.

This product is very convenient and super easy to use for the ones that are not computer savvy. It makes our daily inconveniences a breeze, like going to the bank and getting cashiers check or getting payments mailed to us.

they are starting to charge for credit card payments. Because as it is we pay a credit card interest on our payments.

This is probably the easiest and most user friendly money transferring app that I have used.
Venmo charges the user a very small percentage to do an instant transfer and there are no fees to do a transfer that takes 1-3 business days.
If you are out for drinks and decide to put the bill on one person's card, you can easily send them money to cover your portion and they'll have it before the check even comes.
If you need your money transferred to your bank immediately, you can have it within less than 3 minutes.
Another pro is that nearly everyone has it on their phones these days and that keeps things simple.

It does keep track of your payments, received and sent; however, I feel that the use of venmo in a business is highly unprofessional and it can be a negative to the recipient. If a business owner or worker receives money for goods or services, they are charged a fee. While this fee percentage is very small, if you charge more than $100.00 for whatever your business provides, you're charged a fee and that adds up.
For example, I sent money for $1,400.00 and received a very nasty email from the recipient saying that they were charged $14.00 just to pull the money.
This is only with instant transfer, as I said, but it is something to be remembered for business owners.

Venmo is dead simple to use, with the QR code scan and effortless options to ask for payments or send them. The number of people who signed up for Venmo also helps - most younger folks are on it.

The social aspect of the software is a bit odd in that I'm not in the least bit interested in what my friends are paying one another for. When people get funny, I suppose it could be entertaining but too much of the feed is people paying each other for rent, groceries and other mundane stuff. Additionally, this present a business challenge where you need to be cautious about posting your purchases if it's a private purchase for your business.

the first thing is that it is very simple to register, add an account and implement. the second pro is the fact that so many people are using Venmo. I thought it would be a challenge to implement as a business tool to collect payments from clients but I was very wrong. In fact, the majority of the clients I approached with this option were already registered.

the 2 biggest challenges to overcome were the security concerns people have about providing payment and account information online and chance of it being hacked. Having done the research on the product, those concerns were quickly alleviated and Venmo actually provided me with collateral to give my clients who had such concerns. the second challenge was overcoming the "Social Media" aspect. Venmo obviously gained it's popularity from the consumer side by incorporating a social media feel to it. Businesses on the other hand do NOT want their payments, collections, etc. broadcast in social media platform. It takes some convincing but once the ease with which payments can be obtained from their customers and how that can help increase revenues is properly explained, 9 of 10 clients jumped on board.

I've been using Venmo for years now and the main things I like about the app are ease of use and low/no fees. I constantly have people ask me if I use Venmo which means mainstream adoption. Its easy to send payments to others or receive them, especially with the QR code. And I've never had an issue with the app or transfer of funds. I love how funds are instant transactions and quickly done in a few moments time.

I feel it could use some more features such as transaction history, download .csv files and I don't feel the community feature really adds anything to the software itself. Literally no reason for it in my opinion. Perhaps allowing to buy, accept or transfer cryptocurrencies would be good (like Cash app does). I've heard rumors of limiting the amount of received funds in a month and some accounts have been blocked for this?

To begin the listing of pros I'd say I enjoyed about this software includes, the ease of use, very convenient and not to mention I find that I am able to easily keep track of my transactions.

Honestly the only downside to Venmo was that, I can't send money across platforms, per say to PayPal and such. However Venmo's transfer feature allows one to transfer your money on Venmo to an active bank account or card, which can later be sent to platforms if this is your intention.

Speedy, helpful installments
Allowed to send cash from a financial balance or charge card
Low charge for Mastercard installments
Can pay for buys at select organizations
Offers a check card and a Mastercard
Adds a social component to sending and getting cash

At present, Venmo is just accessible in the United States. Along these lines, don't anticipate utilizing it on any of your impending worldwide voyages. It depends on an informal community of known companions and individuals in close geographic nearness to convey advanced installments.

What's another impediment you really want to know about with the application? It's just accessible for individual use when connected to a Visa or ledger. Along these lines, even those organizations that pay an expense to acknowledge it can't straightforwardly utilize it.

The organization likewise puts a cap on client exchanges of $4,999.99 each week. This breaking point is applied on a moving premise. The equivalent goes for getting reserves.

At the end of the day, on the off chance that you really want to send a huge amount of cash, look somewhere else. Or on the other hand separate enormous exchanges into more modest aggregates paid more than a little while.

At long last, pundits have raised worries with Venmo's present security conventions. They stay wary with regards to the portable application's capacity to secure individuals' accounts. All things considered, the organization has questioned these reactions various occasions by stressing security settings.

I loooooove Venmo! My favorite thing is that it’s safe because it’s completely controlled by you and only you! They also have tons of new features like a debit card. Plus they have customer service reps ready to help you with whatever, whenever! So you can send and receive money any time from anybody that has a Venmo account. Why is that special? Because it’s painless and timeless! This is my #1 app for transactions because it gets them done in no time. If your anything like me, I’m always on the go between kids, there sports, and work this app just really speeds things up when I need it most!

I think the only downside of Venmo for me is that my transactions are public so anybody that has a Venmo account can see them. It’s not bad per se but it’s not something I love.

This is presumably the least demanding and most easy to use cash moving application that I have utilized.

Venmo charges the client a tiny rate to do a moment move and there are no expenses to do an exchange that takes 1-3 business days.

On the off chance that you are out for beverages and choose to put the bill on one individual's card, you can undoubtedly send them cash to cover your part and they'll have it before the check even comes.

On the off chance that you need your cash moved to your bank promptly, you can include it inside under 3 minutes.

Another ace is that almost everybody has it on their telephones nowadays and that keeps things basic.

There truly aren't numerous cons with Venmo. I would say one worry that clients might need to investigate is that on the off chance that they utilize a Mastercard rather than bank data as their essential wellspring of cash, the application will charge additional expenses. This is a minor grumbling, however I've known a couple of clients who had been unconscious of this and were paying an expense for every exchange.

Venmo is accepted at many merchants around the world,It is so easy to link your bank and its a lot safer for purchasing online products,especially if you are unsure of the company or unfamiliar with the company.very quick and convenient payments.It's great if you are making extra money online because it give you a way of receiving a payment for on-linejobs.There is no monthly fee and you are not charged for using it so, you can add money from your bank account without the extra fee.It is safe and you never have to worry about security because they have measures in place to protect your privacy.If your planning to get into bitcoin,its a great way to start,its accepted there as well.Anyone can use it,its easy to download and deploy,great for any age.

As with anything there is always a down side.Venmo does charge a fee to send money through credit cards, a rate of 3% as well as a charge to transfer money from Venmo to your bank account.Customer service can be a bit of a problem if you have a discrepancy,you have to get pass the Bot system to speak to a human.I have found that you have to adjust your privacy setting to make sure your information is not compromised.another con to using Venmo is unlike a bank you do not earn interest.There is no international transaction,so you have to be aware of what you can and cannot do to make sure you do not have to deal with support and there is no payment protections.

My most liked feature of Venmo is that the swap between individuals is quick and easy and processed in real time. I do not have to wait to be paid or risk having cash.

I least like the processing fee for an immediate transfer to my bank account. Although, this is a feature i rarely us I still am bummed out by the fee.

Venmo's popularity with the population we serve due to its top-notch peer-to-peer payment functions has led to an increase in payments received, providing us both with more revenue as well as more timely payments. We have transitioned from accepting the majority of our payments via check to receiving nearly 80% of our payments through onsite card transactions and virtual payments. Being able to accept payments via Venmo makes the billing process convenient for clients who might delay paying due to the multitude of steps involved in writing and mailing a check. Most importantly, the transaction process is so quick and seamless for the client that a 30 second phone call can easily result in a bill being paid that might otherwise take weeks to collect.

Venmo provides an instant deposit feature that costs 1.5% to transfer money into our general funds, while a 2-3 day transfer is free. This gives us a financial incentive to avoid the instant transfer, but it also results in funds being inaccessible for several days.

Venmo is my favorite app for exchanging money, and being able to pay or receive money from friends or co workers. I use Venmo all the time when picking up lunch with a friend or at work when picking up lunch or coffee for other coworkers. The ease of use for the app is amazing. The app is super easy to navigate and also is great for paying friends, because there is no fees like with paypal. The app is super inexpensive and an even be completely free if used a certain way. Venmo has become the center for the younger generation to pay each other with. Many people done even carry cash on them anymore with the assumption that everyone has Venmo. It has become even an expression when you want someone to pay you. All you need to say is Venmo me. The software is great and is the perfect app for ease of use for everyone.

There is not much to dislike about Venmo. The app is practically perfect, and the ease of use is impeccable. The few flaws I had noticed was that first you need to enter a reason for payment. Sometimes for a quick Venmo I prefer not to have to enter a caption for the transaction, however Venmo requires you to enter something so usually this results with me just putting an animation or picture emoji. Venmo limits are somewhat annoying as well, however they do seem necessary to help regulation.

Its effortless to do transactions on Venmo and it's the best option I can think of considering the fact there are so many alternatives. The free version almost offers most of the features you need for everyday transactions. It's well integrated with other apps like Splitwise which is a great feature as you can clear Splitwise balances using Venmo and I use that every day almost. Transactions using Venmo are really instant and safe.

I wish they had less fees if you do transactions using your Credit card. Also default settings shares your transactions public which I think default should be disabled. I'm looking forward to use globally like with any bank account and any mobile number not just US which I don't think is supported at the moment.

The easiest way to pay for something is through venmo. With a couple of clicks you can pay, making it the most efficient and safe way to pay someone. And no service fees

Right now alot of sites/organizations/ people do not take venmo. I believe in the coming years this will be the main payment system throughout businesses.

Did you know the root of the word convenient actually stems from the Latin word “ven”? That’s exactly what Venmo is. And the inspiration behind the name Venmo actually came from the word vendo/vendere; the Latin word “to sell”. Venmo is one of my favorite apps, I use on a daily basis. It has served as a lifesaver to me on many occasions when I did not have my wallet or cash in hand. You can transfer money to someone else almost instantly and will receive a notification when they have accepted the transaction, so you don’t have to wonder. Transfers from your Venmo to your banking account will show up as quickly as the next business day (as long as it doesn’t fall on the weekend or a holiday). One of the best features of Venmo is that you are not charged a transaction fee when you transfer money between your banking account using a debit card. But, the best part is the free entertainment… If you ever want a little laugh, go and take a look at some of the reasons other people have used Venmo. It’s pretty funny (especially over the weekends). If you are looking for a free, entertaining alternative to PayPal, Venmo will definitely satisfy your needs.

If your Venmo account is connected to a credit card you will be charged a small fee when you make transfers between the two. I would not necessarily see this as a fault in Venmo because you still have the free option available to you by using a debit card.