Venmo

Avantages

I like the easy access between both parties at the touch of your fingertips. It's easy to use, safe and always handy in any situation. I remember when transferring money was a big and difficult process. You would have to wire it and it was a hassle for the other party just to send it to you. Finding the appropriate store to submit it along with an extra $5 on top of the desired amount just to send it over. Now, all you have to do is open the amazing app, select the amount you want and send! It's that simple! I've paid my rent using venmo and accepted my payments from work on it as well. If my friends ever need some help immediately, I'm able to do that for them in just a few seconds. I love it and I don't know where I would be without it. 10 stars!

Inconvénients

If I were to pick something that I liked least about the product it would be the small fee associated with a transfer or maybe an incoming payment. Venmo has to apply a small fee (depending on the amount) when either party sends or receives. But it's totally understandable and nowhere near the fee associated with wire transfers, etc.

Avantages

This is a paypal product and we all know about PayPal. The product have all the creatures of PayPal and in addition to that it offers several benefits as well. The feature that I like the most is the offers and cash back rewards which are very frequent and recurring. This product helped me a lot and saved me hundreds of dollars.

Inconvénients

The product is very well overall but this is not an acceptable form of payment everywhere. Small businesses and companies, sores etc are not able to process the payments which went through Venmo. They should expands their reach.

Avantages

Ok - if there is a software that I can say that TRUELY changed my life, it would be Venmo. Venmo is such an easy software to use to transfer money between people. Whether it be splitting the bill between coworkers or completing business transactions, Venmo is the #1 app. Forget Paypal - Venmo trumps all. No one carries cash anymore... Venmo has been an integral part of fundraising at Cal (and in my daily life). My organization and other student groups on campus use Venmo to collect payment for things that we sell on campus - such as food, stickers, trinkets, etc.

Inconvénients

I wish there were business profiles for Venmo. For example, small businesses and organizations could create business profiles that many members of the organization can access so there can be more transparency with the funds.

Avantages

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.

Inconvénients

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.

Avantages

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

Inconvénients

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.