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Venmo for Business Logo
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Venmo

Venmo for Business

Composite Score
8.2 /10
CX Score
8.5 /10
Category
Venmo for Business
8.2 /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.

88 Likeliness to Recommend

98 Plan to Renew

89 Satisfaction of Cost Relative to Value


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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.

+94 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
4% Neutral
96% Positive

Pros

  • Efficient Service
  • Performance Enhancing
  • Trustworthy
  • Effective Service

Feature Ratings

Average 85

Mobile Payments

89

Credit Card Processing

89

Digital Wallet Integration

88

Security

88

Recurring Payments

87

POS Verification

85

Multi Currency

84

POS Integration

84

E-Commerce Integration

84

Integration With Accounting System

82

Reporting Analytics

82

Vendor Capability Ratings

Average 83

Ease of Implementation

86

Usability and Intuitiveness

85

Availability and Quality of Training

84

Ease of Customization

84

Business Value Created

84

Ease of IT Administration

84

Breadth of Features

82

Quality of Features

80

Ease of Data Integration

80

Product Strategy and Rate of Improvement

80

Vendor Support

79

Venmo for Business Reviews

Matt D.

  • Role: Human Resources
  • Industry: Education
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Jun 2025

Convenient and User-Friendly Payment Solution,

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

Venmo is easy which draws small businesses to it. Venmo for Business fast transactions with no extra fees or cumbersome setup make it better than traditional processors which usually have strict rules and higher fees.

What is your favorite aspect of this product?

Having social features in Venmo helps businesses form stronger connections with their customers. Payment notes and updates can be used by users to maintain connection within the brand. Using this method encourages customers to get involved which spreads the word and helps the business grow naturally.

What do you dislike most about this product?

Businesses with higher numbers of transactions can find that Venmo sets stricter limits on transactions. If the limits are too high, it may stop merchants from growing and may also cause them frustration when making large payments which makes helping customers less efficient.

What recommendations would you give to someone considering this product?

Familiarize yourself with Venmo's transaction limits and fees. Recognizing these points will guide your decisions, avoid possible difficulties for you and your customers and ensure the payment experience is enjoyable for everyone.

Pros

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

Pankaj P.

  • Role: Finance
  • Industry: Finance
  • Involvement: Business Leader or Manager
Validated Review
Verified Reviewer

Submitted Jan 2025

Easy to use fantastic product

Likeliness to Recommend

10 /10

What differentiates Venmo for Business from other similar products?

It's unique because of its features that can be like Venmo handle, social networking integration, easy to use, mobile payment app is also very popular

What is your favorite aspect of this product?

Reporting analytics, Venmo handles, Debit credit card usages Etc. there are many of these

What do you dislike most about this product?

Security is a issue I think with these products.

What recommendations would you give to someone considering this product?

It's a good payment platform with lots of features. I think you should use it

Pros

  • Helps Innovate
  • Efficient Service
  • Effective Service
  • Inspires Innovation

Tamika M.

  • Role: C-Level
  • Industry: Technology
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Nov 2024

Fastest payment processing in the world.

Likeliness to Recommend

9 /10

What differentiates Venmo for Business from other similar products?

Venmo stands out a lot within the payment sector due to the validation of online payments, this wallet is one of the few that is capable of processing payments almost immediately and having very few limitations, which allows you to have access to the money received almost immediately. Venmo also stands out for having extremely low commissions for each transaction of sending or receiving money in the wallet, and also applies very low commisions for sending in international currencies, which makes the wallet can be used for multiple purposes for national or international payments.

What is your favorite aspect of this product?

The platform in general works very quickly and is very easy to use, this helps users only have to write an email address and enter an amount to be able to send money, it's that easy. Venmo has a good linking of payment methods, you can link your bank account and use the money from your account in this wallet, the wallet debits the total amount and the payment is processed, you can also make payments with debit cards in just seconds. Venmo also allows you to convert currencies, this is very important if the users want to make international payments, the exchange rate is very good compared to other online wallets.

What do you dislike most about this product?

The Venmo support team is something that could be improved a little, currently they take a long time to attend to any request, this is very negative because if you have a problem with a payment you have recently made, you must wait more than 48 hours for a response. Claims and disputes also take a long time to process, this dispute processing time could improve a little.

What recommendations would you give to someone considering this product?

I recommend anyone to make payments accurately and without mistakes, since as I mentioned previously, the Venmo support team takes a long time to attend to these types of requests. I recommend that you make payments online after making the necessary confirmations to process this payments, this way you will avoid inconveniences.

Pros

  • Continually Improving Product
  • Reliable
  • Performance Enhancing
  • Trustworthy

Most Popular Venmo for Business Comparisons

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