Venmo Erfahrungen

You know a company/ software is doing something right when they become a verb. I don't say "transfer me money electronically" I say venmo me. I think that says it all

Having to pay for a quick transfer, but I can live with it.

I use this app to pay my rent and to send money to friends and family. There is a really cool feature that allows me to decide if I need my money right now for a small fee or in 3-5 business days for no fee. I have never came across an issue to where the instant transfer did not go through. I can't tell you how important it is to get your money ASAP when you have an emergency and Venmo always came through for me! It's so easy to manage I was able to teach my mom over the phone how to manage the software.

Recently the fee's for this app have gone up. I don't like that they are basing it off how much you are sending/receiving. It should be the same fee overall. Increasing the fee just makes me want to use the free money transfer apps such as Zelle. Also instead of rewarding users for sending money and using the app, they have a limit. For example if I send $ more than 5 times a week they start adding an additional fee.

Accepts credit card payments sends payments keeps up with transactions

Processing times and long holds on money.

I liked the fact that initially it was a good replacement for cash app.

Their security systems are all over the place. I cant even begin on the loopholes they have in validating your account..customer service is atrocious.

This software allows me to send and receive money instantly without the need or carrying around cash and other alternatives.

I'm not a fan of the public settings. I prefer to keep my transactions private and often take off the public mode, but at times forget to make the switch.

As a professional cosmetologist, my wife runs her own business. Venmo is one of the apps that she and I can use to have the customer easily and securely pay for the services. The ability to get a report for tax purposes makes it super convenient.

I would like to see a more up to date version with more options. Layout is too basic.

I love that money can be easily transferred in the app, and between the venmo credit card, debit card, and standard account.

The social features are kind of unnecessary and strange. Users can control the privacy settings, but it's defaulted to be public and I dont see the point other than encouraging a standard of too much personal transparency in this digital age. I also found it frustrating that Venmo could not issue me a statement on their letterhead of transactions between me and a particular person. I needed a certified document for court proceedings, and all I could get was my monthly statements which had too much irrelevant and personal information that I didn't want or need to share, or a CSV that was not admissible in court.

So, it's a pretty simple app as it basically mirrors its big brother PayPal, the functions are easier in a sense, and the layout is more modern compared to its competition. Up to date I never had issues accepting tournament entries and paying out prize support through Venmo as that is all I use it for.

At times the app seems clunky with information and most of the problems came from early access and not knowing how to navigate properly the software, but it is definitely easier now but do recommend some type of video to show how it properly works.

It was easy to install. Easy to use. Safe and secure. The thing I like most about it is the business profile feature so people can see my business when then pay with Venmo.

Sometimes you have to reset before the "transfer to bank" button appears.

I appreciate being able to offer my clients an alternate payment option, namely, venmo

I dislike the lack of options for the phone app -- your business and personal venmo have some of the same basic settings. I wish this could be customized.

The features that I like most about them always is mostly that it's a very mobile and very versatile service that I can offer not only to my clients but that I use myself I not only use this in my business but I use it personally as well and it just makes it so much easier for me to be able to do all my banking or payments in one spot I can cash a check I can get a direct deposit I can take payments I can send money all of this while I'm still moving around and doing everything that I can for my business it's a great program a great payment option and a great way to be able to look at what you're doing financially while you're on the go.

I guess the feature that I least liked is that they use Ingo for their check cashing services and I have had issues as well as other people that I know with Ingo because they will shut you out of their system and not really give you a reason and getting through to customer service and getting it sorted is almost impossible and very time-consuming and in my field that's something I do not have time for is to sit down and talk for hours and try and figure out something that I have no idea was a problem and it usually turns out that it's a technical error or it's a glitch or it takes a long time to fix and by the time they do that you found an alternative to doing what you needed to do anyway so that's my only con with venmo is that they use that one check cashing service so if you want to cash a check and you can't use Ingo then you can't use that feature of venmo and that's that's a downplay

I like the many payment options, the ease of use, and the trust I have for the company.

There are some features that should be more customizable, and the fees could be a bit more competitive.

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.

With Venmo your business never has to sacrifice an order for payment issues!
Venmo remains a top competitor in the payment processing market because of its versatility, ease of use, reliability, support and recognition - if you don’t have Venmo these days people start wondering what rock you’ve been hiding under!
Venmo’s user analytics and usability are top of the line and will make the payment of every sale the easiest part of the process!

I have nothing bad to report, the app is practically flawless for the purpose it serves! If there’s anything to perhaps improve upon initially it would be the inclusion of crypto currency as crypto will continue to rise in popularity around the world.

It is quick and simple to use. Finally, but certainly not least, it has a large user base, which means that many of your connections may already be using it. Venmo's success may be attributed in large part to its simplicity of use. There is very little of a learning curve. You may download it and begin sending and receiving money within minutes of installing it. Using Venmo to divide costs is also a breeze since it provides an on-screen calculator when you transfer or request money from someone. You may also send or request the same amount from several people at the same time if you're sharing a bill with a group of people.

Once you've made a payment via Venmo, there is no way to reverse it. The money is sent promptly to the intended recipient. If you need a payment to be refunded, Venmo advises that you contact the receiver and request the money back. Other than that, you may request that Venmo's customer service reverse the payment on your behalf; however, they can only do so if the receiver accepts, if their account is in good shape, and if they still have the cash in the bank.

Quick, convenient payments which makes it amazing in the times l really need to send out money under pressure. Free to send money from a bank account or debit card which is amazing because in my country we cant send money internationally so using venmo to make my payments international has made my experiences much more flexible. Low fee for credit card payments which is rare to find because everyone wants a commision and it is really good that you also have compassion for your customers. The website can pay for purchases at select businesses that l choose without me going there physically. Offers a debit card and a credit card that is international which makes it easier for me to make payments with websites that dont offer e-wallets. Adds a social element to sending and receiving money making it more user freindly and more appealing view.

Payments are public by default and this makes me feel a little uncomfortable knowing people know about financial part of my business. This will probably make it easy for internet crimes to happen. Can't cancel payments which is fastrating because i do make mistakes when l am entering infomationa and l look aheadcand l cant go back. This is making me give out unnecssary payments not meant for those people. Popular with scammers and this is making it harder to detect who is real to work with and whos not. This makes the website a bit difficult to work on with those type of people.

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.

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.

Makes taking payment for anything (t-shirts, vinyls, tickets) incredibly easy as the user pool is so vast that nearly anyone you come into contact with will have this app on their smartphone. It makes our lives as musicians increasingly easy as the world becomes more digital and has increased our revenue ten fold. We no longer have to swipe any cards or accept cash only as shows now that we use venmo as our primary point of sale.

SOmetimes the scanning of other profiles does not work as intended. This feature working properly is incredibly useful and when it works properly it takes out the guessing in payment forwarding which is very nice.

Venmo is an incredibly easy and fast way to transfer money between people in a company for expenses and more as well as accept payments for merchandise (with the new business account options) and even pay people for their services. Since multiple people can be logged on, it allows 4 of us to operate financially when necessary without a delay. You can easily write what each payment is for and download monthly statements to keep accurate records of all of your transactions. Even better, most people have it and use it now so compatibility is rarely an issue. It makes everything we do faster and our customers even more pleased as they can pay for merchandise, tickets, or even simply donate at the click of a button!

The only tough thing about Venmo that rarely arises is if someone doesn't use it. In that case, we need to have a paypal or cash option ready but that's not an actual problem with the application itself. It would be great if they could add annual statements to their download option in addition to the monthly statements. Annual statements would save some time during tax season!

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.

Super easy to transfer funds to anyone. Literally takes less than 30 seconds to request or send money. No more "not collecting" from friends for "their share" of the night out, you just send a "request". Very easy to send a tip or pay a babysitter.

You can't tie your VENMO to a savings account.
Must have a cell number, google voice doesn't count.
Can be hard to search for people.
Setting default is "public" meaning others can see who you have sent money to and what you wrote in the comments.
You must write something in the comments or put an emoji for each transaction even if you don't want to.

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 has helped me in a countless amount of situations when dealing with money transactions. Its simplicity and ease of use allow for people who aren't as tech-savvy to transfer money without having to take a trip to the bank to go through a complicated process of transaction that could result in scams. I also think that the feature of people seeing your Venmo transactions is a cute addition to the app and adds a bit of humor along with the app instead of it looking like any ol' boring transaction app. Of course, not everyone wants their transactions seen by their peers so there is the option to turn it off. When opening the app, it requires a Face ID which adds a touch of security so anyone using your phone can't abuse the app. Adding people to your friend's list is also incredibly simple since your contacts can be added with the touch of a button and adding others requires entering a username. If you have money left in your Venmo, you can use a Venmo Card which is a debit card that directly takes money out of your Venmo account rather than your bank when purchasing anything. However, if you do not own a Venmo Card then you directly deposit your money to your bank account whenever necessary. Venmo has so many amazing features that make it a great app to use whenever you need to. Although Venmo may have not been the first money transaction application, it certainly is one of the easiest and most popular which allows for anyone to transfer money to each other.

Venmo has many great features and not much to improve upon. One thing to note, however, is that when transferring money from your Venmo account to your bank account, a 1% fee will be deducted when transferring INSTANTLY. But honestly, this feature does not bother me at all plus there is the option to transfer it to your bank in a couple of days with 0 fees. Although not necessary I do think they could add a faster way to transfer money. My idea was that you could use voice control such as Siri, Alexa, or Google Home and tell them to transfer money to any one of your Venmo friends. I feel like Venmo has a lot of potential for new features but I don't feel like it doesn't need to be implemented as transferring money is already easy enough. Adding a dark mode or being able to change your color scheme may also be a neat feature.

Takes a few simple steps to set up and start your account/link to your bank. So many people use this app that i rarely find someone who doesn't have it. Makes going out and splitting the bill with friends so much easier - to paying your babysitter, hairdresser, or the person who grabbed coffee for you, and so much more in a matter of seconds. People can also charge you or you can charge others when they owe you to help remind them and stay organized. Besides using the app, they push notifications to you every time someone pays or charges you, as well as when you make payment to someone. They will even send you an email to help stay on top of things.

Only down side to this working in fundraising and as someone who makes philanthropic donations, many people want to donate through venmo but the platform isn't currently set up for this capability. I believe they are in a pilot mode for this capability but doesn't feel like they are moving fast enough on it and once it does go live, will it be easy to implement? Larger organizations have trouble with this, while i see smaller, less complex organizations being able to implement well. Huge potential though for this software!