18 years helping Canadian businesses
choose better software

What Is Venmo?

Mobile-based social commerce platform that enables users to carry out money transmission across all types of purchases. It helps with managing bookkeeping and receiving customer insights. Payments can be made through the app and in-person via a QR code.
Retailers can create a business profile to simplify checkout and appear in the Venmo's customer feeds. Customer loyalty is enhanced by the possibility of implementing targeted rewards and cash back experiences.

Who Uses Venmo?

Ideal for small to medium-sized enterprises, it is a mobile platform that helps users to carry out money transmissions.

Venmo Software - Venmo transfer balance
Venmo Software - Venmo view balance
Venmo Software - Venmo search
Venmo Software - Venmo split bill

Not sure about Venmo? Compare with a popular alternative

Venmo

Venmo

4.7 (9,206)
No pricing found
Free version
Free trial
14
2
4.7 (9,206)
4.8 (9,206)
4.4 (9,206)
VS.
Starting Price
Pricing Options
Features
Integrations
Ease of Use
Value for Money
Customer Service
US$60.00
month
Free version
Free trial
81
7
4.7 (481)
4.5 (481)
4.4 (481)
Green rating bars show the winning product based on the average rating and number of reviews.

Other great alternatives to Venmo

Square for Retail
Top rated features
Credit Card Processing
Payment Processing Software
Point of Sale (POS)
Samsung Pay
Top rated features
Authentication Software
Electronic Payments
Mobile Access
Eventbrite
Top rated features
Event Scheduling
Online Registration
Registration Management
Meta for Business
Top rated features
Automated Publishing
Post Scheduling
Social Promotion
Gorriladox
Top rated features
No features have been rated by reviewers for this product.
Podium
Top rated features
Chat/Messaging
Real-time Consumer-facing Chat
Review Request
authorize.net
Top rated features
Electronic Payments
Online Payments
Payment Processing Software
Dayforce HCM
Top rated features
Direct Deposit
Employee Database
Payroll Management
POS Nation for Retail
Top rated features
Inventory Management Software
Mobile Access
Reporting/Analytics

Reviews of Venmo

Average score

Overall
4.7
Ease of Use
4.7
Customer Service
4.4
Features
4.6
Value for Money
4.8

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
gerald
gerald
Owner in US
Verified LinkedIn User
Construction, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Solid Hands Home Creations

5.0 last year

Comments: My experience has been overall wonderful I love behalf of there’s a lot of money flowing back-and-forth through it, so that’s a good sign

Pros:

Everything I really love the habits welcoming I love the colors I like the programming. The software is really easy user-friendly I really enjoy the app.

Cons:

It does have some glitchy spots. Some spots that are just a little bit overly complicated overall great absolutely wonderful.

Emily
HR Generalist in US
Financial Services Software, 51–200 Employees
Used the Software for: 2+ years
Reviewer Source

Venmo Makes It Easy!

5.0 3 weeks ago New

Comments: Overall, I love Venmo and don't know where the world would be without it.

Pros:

I enjoy Venmo because it is a simple and seamless process to send money to friends and family.

Cons:

There are times when people can get scammed, but it is a user's job to stay diligent.

Sausha
Barista in US
Food & Beverages, 51–200 Employees
Used the Software for: 1+ year
Reviewer Source

Used to be great until....

2.0 3 months ago

Comments: Use to be great well short of then my money come up missing and they didn't want to fix it

Pros:

Used to like I good send and receive money from my friends and family

Cons:

That my account was over drafted for something I already paid for i had money in my account when paid for item now my account is incollections

Lauren
Sitter in US
2128, 10,000+ Employees
Used the Software for: 2+ years
Reviewer Source

Easy, Convinient Payments

5.0 2 months ago New

Comments: I use venmo to easily pay others when card or cash is not available/accepted. I am able to leave a note, track previous payments, and make a payment private/public. I feel that Venmo is safe, convenient, and has developed a new way for people to pay.

Pros:

I like the feed where I can see others who have paid me/others close to me. I like the option to have an immediate payout. I like the safety feature to confirm the final digits of a phone number. I like the ability to have a profile picture for others and myself to confirm who we are paying.

Cons:

I would like to be able to first be able to confirm/accept payments from others. I would also like to be able to transfer venmo payments in my venmo account to others via payment, rather than having to transfer it to my bank account before paying.

Emma
Hairstylist in US
Cosmetics, Self Employed
Used the Software for: 2+ years
Reviewer Source

Easy Money Transfer App

5.0 3 weeks ago New

Comments: I use it constantly to pay back friends and purchasing things!

Pros:

It’s easy to send money to friends and family and also receive money

Cons:

When it tries to put something as goods and services when it is

Ledio
Waiter in Italy
Restaurants, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Easy and safe to send money

5.0 3 weeks ago New

Comments: Very happy with using it, dont take you a lot of time , and easy of use

Pros:

Very easy way to send money , also instant transfers

Cons:

It charge you fee’s to trasfer money, could be little cheaper

Scott
Process Improvement Manager in US
Hospital & Health Care, 10,000+ Employees
Used the Software for: 2+ years
Reviewer Source

Venmo Review

5.0 4 weeks ago New

Pros:

It is a great way to send money to friends in a quick way. It is a great way to split a check.

Cons:

There is always privacy concerns but haven't had an issue so far

Mona
Operations Manager in US
Transportation/Trucking/Railroad, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Awesome software

5.0 2 months ago New

Comments: User friendly. Popularly used. Commonly used

Pros:

Easy accessibility for payments. Easily connected to your bank account

Cons:

Fees charged. Does not store previous contacts

Caitlin
Founder in US
Marketing & Advertising, Self Employed
Used the Software for: 2+ years
Reviewer Source

Convenient and secure payment platform

4.0 3 weeks ago New

Comments: Has served me well for both personal and professional payment

Pros:

Venmo is easy to use. I also really like that it allows you to choose from a standard or immediate transfer of funds.

Cons:

As far as I know, it's not available outside the US, which limits international transactions.

Jenna
Owner in US
Marketing & Advertising, Self Employed
Used the Software for: 2+ years
Reviewer Source

Easy payments

5.0 last month New

Comments: Use to pay friends and receive payments for freelance woek

Pros:

Easy to send friends or businesses money and it’s free if you don’t use credit card

Cons:

No real downsides that I’ve run into yet

Henry
CTO in US
E-Learning, 501–1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Venmo, it's a great app!

4.0 last year

Comments: Overall, Venmo is a great app, especially for an app that is free. I have had little to no issues while using Venmo for the many years that I have and I only have great words to say about it!

Pros:

I like that Venmo makes it super easy to collect payments from customers, and refund them at the same time. I've never used a platform that also makes it easier to track payments.

Cons:

The user design is not super intuitive, which can cause issues at times, but otherwise I have had no issues!

Mary Jane
AR, Analyst, Legal Filings, Computer, etc. in US
Construction, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Venmo is my Favorite go to tool. DAY OR NIGHT! It's doable!

5.0 last year

Comments: Venmo has made a huge difference in my life professionally and personally. You've made is possible to worry less about taking care of those I love and are responsible for! You have truly made a difference!!

Pros:

The security, the efficient and fast process. I love that I don't need my bank open or any business open to take care of what needs to be taken care of now! Day or Night, I have the access I need to get whatever is needed done!

Cons:

I always get turned around trying to find new contacts. It's an older generation thing!

Whitney
Ceo in US
Retail, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Must Use App

5.0 last year

Comments: I have had a great overall experience using Venmo so far.

Pros:

What I like about Venmo, the most is being able to send and receive Money instantly.

Cons:

sometimes the cards that you have stored don’t work so you have to use it directly .

Verified Reviewer
Verified LinkedIn User
Entertainment, Self Employed
Used the Software for: 2+ years
Reviewer Source

A Reliable Way of Digital Pay

5.0 last year

Comments: Overall the experience is generally positive, and I appreciate Venmo for it's convenience and reliability.

Pros:

I liked the ease of use, convenient setup, and its use as an alternative to a bank.

Cons:

That the option for speedier transactions costs some extra money. In some cases, sometimes sending money is time-sensitive and Venmo, at best, can only fulfill a transaction in 2-3 business days under normal circumstances. It's also sometimes hard to find my friends on the app.

Ezra
Owner in US
Luxury Goods & Jewelry, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Quickly Sends Money Anywhere for a small fee

5.0 5 months ago

Comments: Venmo sends money from my bank accounts and links to cashapp and paypal easily. Other than the fact they charge to send money within minutes its well worth the small fee.

Pros:

I like using Venmo to send money to my employees because it gives me monthly statements and sends it within minutes.

Cons:

I dont like the fact you have to pay to get your money sent within minutes.

Richard
Photo Video specialist in US
Entertainment, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Must use app for anyone with a smartphone

5.0 4 months ago

Comments: I used it for so long as has been integral for most of my daily transactions

Pros:

Very easy to transfer money without hassle or special thought

Cons:

I wish sometimes it was clearer with the transfer interface but it worked well

Deidre
Owner of residential and commercial cleaning services in US
Construction, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Absolutely love this app

5.0 last year

Comments: My experience has been absolutely on point and amazing I've never once had a bad experience with them the customer support system is amazing they are always so very knowledgeable and helpful and the easy to use convenient app helps you and guide you with anything you may need to do with them

Pros:

I love the fact of the easy convenient way of using venmo as well as the layout of the app itself everything is pretty self-explanatory and if you don't know or can't figure it out they have an amazing customer service team that is right there by your side every step of the way

Cons:

I have nothing that I don't like about venmo I've always had great experiences with them for the almost 4 years I've been using them

Deannna
Deannna
Professional freelancer in US
Verified LinkedIn User
Writing & Editing, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

A P2P must have

5.0 last year

Comments: Venmo is a must have. It's more safe and secure than cash app and customer service is great!

Pros:

Venmo is very secure. I feel safe and at ease anytime that I use venmo. Plus I can send money to my people without the hassle.

Cons:

There's only one thing that upset me. I lost all the info to my old account and opened a new one and they offer 10$ when you open one but since I had one before I wasn't allowed to get it.

Aryn
Transaction Coordinator in US
Real Estate, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Fast Funds

5.0 5 months ago

Comments: I appreciate having Venmo as an option for my clients to pay with. It allows me to be paid quickly and I like that i have the option of recieving funds imediatly (for a fee) or in a couple days. More often than not it's available next day.

Pros:

This is a very accesable platform that many of my clients use. It's efficient and easy to use.

Cons:

I would prefer if the default wasn't to make transactions public. I'm not sure why that's a feature at all.

Meegan
Educator in US
Education Management, 201–500 Employees
Used the Software for: 1-5 months
Reviewer Source

Friends and Family Payment

3.0 4 months ago

Comments: My overall experience with Venmo has been decent. It is good at some things and bad at others. Venmo does not feel as secure as other payment sites. Their buyer protection is difficult to use. Customer service is hard to get ahold of if you ever have any trouble. They like to send you a copy-and-paste reply each time you contact them.

Pros:

Venmo is another decent payment app. It is more focused on sending payments between friends and family. You can set up direct deposit so if you don't trust banks, you can use Venmo to get paid for your job. I like that you can also apply for a Venmo debit card so you can easily pay for items at stores.

Cons:

Venmo is owned by PayPal. One con is they don't allow you to send money from Venmo to someone's Paypal. If you have a friend that only uses PayPal, you are not able to send money to that friend, using your Venmo balance. Venmo also allows you to buy and sell cryptocurrency, but when you go to sell any, it takes close to a week to verify the transaction. Other sites do this instantly, no matter how much you are selling.

Brianna
Front Office in US
Health, Wellness & Fitness, 501–1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Rancho Physical Therapy

5.0 6 months ago

Comments: I love using Venmo and will always use it weekly for anything

Pros:

I love how easy and fast it is to transfer money over to someone else or if someone gives me money and I can transfer within seconds to my bank account. When working at my other job my coworkers and I would always door dash and were constantly Venmoing each other back and forth, but it was always so fast and easy

Cons:

There is only one thing I don't like about Venmo and it would be the fee it has, if I need or want to do an instant transfer

Michael
Michael
Owner in US
Verified LinkedIn User
Real Estate, Self Employed
Used the Software for: 1+ year
Reviewer Source

Venmo for Businesst

5.0 8 months ago

Pros:

It is a very robust platform with easy-to-use features for payees. The site accepts most major forms of payments and transfers money quickly for POS and CC payments.

Cons:

The accounting page could use some work with additional features to export data to cashflow management software

Anna
Owner in US
Arts & Crafts, Self Employed
Used the Software for: 2+ years
Reviewer Source

Love it so much

5.0 4 months ago

Comments: Great overall. No problems on my end. Been great so far.

Pros:

Super easy to send and request money, review your transactions, and monitor stuff

Cons:

I have nothing bad to say about Venmo! I love it!

Verified Reviewer
Verified LinkedIn User
Paper & Forest Products, 201–500 Employees
Used the Software for: 2+ years
Reviewer Source

Venmo is effective

5.0 last year

Comments: Excellent job Gerald experience with Venmo and no issues that need to be resolved at all.

Pros:

All the various ways to utilize for payments.

Cons:

No issues at all using Venmo as a payment service.

Sarah
Owner in US
Apparel & Fashion, Self Employed
Used the Software for: 2+ years
Reviewer Source

Venmo is great for collecting and sending funds

5.0 8 months ago

Comments: Overall I enjoy using venmo for business and personal use and will continue to do so

Pros:

Easy to use and send or receive money in seconds

Cons:

Customer support is hard to reach when there is an issue