Venmo Erfahrungen

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!

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.

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.

Venmo makes it really easy to send and receive money to friends, family and businesses.

The setup is relatively painless, especially if your bank supports "Plaid" verification (otherwise you will need to manually enter your bank account info and wait a day or two for verification). Venmo also support sending/receiving payment via credit cards or debit cards, but with a 3% processing fee.

In addition, Venmo supports business profiles (as by default, theoretically, your profile is for personal use only).

The absolute biggest downside to Venmo is its questionable privacy policies and settings. By default, all of your transactions are made public, anyone who knows your username can see what transactions you have made (both sending and receiving). You can change these settings, but Venmo makes it unnecessarily difficult - first you need to change your privacy settings to "private," making all of your future transactions private; second you need to make all of your past payments private, as even by changing your settings to "private" this will only affect future transactions. Perhaps more troubling is that Venmo largely hides its privacy policies.

Business profiles are nice, as to make it more "legitimate," but they do come at a cost of 1.9% + 10¢ per transaction. This is fairly typical, but it is always frustrating that the same service is free for personal use but not for business use.

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.

I love how quickly this app sends and receives money, I appreciate the privacy and security, I have never once had an issue with any discrepancies. Never had a payment not go through.

The only two issues I do have with this software is that I don’t wish to see all the past payments I’ve made to other people, and if someone is using my phone to make a payment I don’t want the past payments visible.
Also I wish for venmo to accept more prepaid cards.

I love using Venmo to get paid and to pay others! It’s so easy and simple to use and the best part about it is that it’s free! Free to sign-up and free to send and receive money. A lot of other softwares make you pay fees to receive money and even send it which is totally annoying. With Venmo, I can get paid and transfer the money to my bank account totally free, and if I need to get the money instantly, then I can pay a small 1% fee to instantly transfer the funds into my account. Look no further, Venmo is a great option for handling funds!

The only thing I can say about Venmo as constructive criticism is that it would be so helpful if you could pay yourself! As a small business that accepts payment through Venmo, it’d be so nice to be able to pay myself from my business account to my personal checking. Other than that, I really think this software is awesome!

I love the ease of use of this product. I am able to send and receive payments for my business with the simple click of a few buttons. I can also transfer funds to my bank and link my bank to make payments when my balance within the app isn't high enough for what I need to send. It is great for tip splitting between employees and has saved many issues with petty cash.

My least favorite thing is the lag between the transfer of funds to my bank. You can pay a small fee to get it instantly but I usually just wait for the free transfer. It is always a timely turnaround.

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

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.

• It offers easy and quick transfers; especially when it comes to paying for gas or food.
• It is easy to use, especially for beginners.
• Very high customer service, and quick responses within a short time.
• Users have to provide profile pictures, which makes transfers more credible and trustworthy.
• High privacy. It is controlled by the user only.

• If someone is in desperate need of money and wants an Immediate transfer, Venmo will require an extra fee.
• A low spending limit, which is around 3000$. If a user asked for a higher spending limit, it will be around 6000$ that is still low for many people.
• It is not available outside the United States. When someone travels outside The States and needs to transfer money, he will not be allowed to use Venmo.
• The privacy default settings allow people to see the user’s transactions unless the user changes them.