Venmo

Avantages

Did you know the root of the word convenient actually stems from the Latin word “ven”? That’s exactly what Venmo is. And the inspiration behind the name Venmo actually came from the word vendo/vendere; the Latin word “to sell”. Venmo is one of my favorite apps, I use on a daily basis. It has served as a lifesaver to me on many occasions when I did not have my wallet or cash in hand. You can transfer money to someone else almost instantly and will receive a notification when they have accepted the transaction, so you don’t have to wonder. Transfers from your Venmo to your banking account will show up as quickly as the next business day (as long as it doesn’t fall on the weekend or a holiday). One of the best features of Venmo is that you are not charged a transaction fee when you transfer money between your banking account using a debit card. But, the best part is the free entertainment… If you ever want a little laugh, go and take a look at some of the reasons other people have used Venmo. It’s pretty funny (especially over the weekends). If you are looking for a free, entertaining alternative to PayPal, Venmo will definitely satisfy your needs.

Inconvénients

If your Venmo account is connected to a credit card you will be charged a small fee when you make transfers between the two. I would not necessarily see this as a fault in Venmo because you still have the free option available to you by using a debit card.

Avantages

It's an easy way to directly send money to someone. With a few clicks you can send money to a contact or likewise, easily receive money. You can indicate what the payment is for, and the money accumulates in your Venmo account. You can easily transfer it to your bank account, as well. It's a great way to pay on the go, in a simple way, without having to enter or know your payee's bank account information, address or anything else!

Inconvénients

You can only pay someone who has a Venmo account, so this is a small restriction that might not make it the default option for everyone. It's also quite informal, so it might not be the best way to receive or send money to clients or professional contacts.

Avantages

I love Venmo for many reasons, but one of my favorites is that they offer a debit card to use for your Venmo account. It is so nice being able to use money I have in my Venmo out at a store, on top of shopping online. The reload feature makes it even easier to use my card out at stores even if I dont have enough in my actual Venmo account it will then take from my bank account, but the fact that I can turn relaods off at any time I want makes this app perfection for me!

Inconvénients

I honestly dont have any complaints at all about this software at this time - BEFORE I got my Venmo debit card my only complaint was that some stores online dont offer paying with Venmo, but now that i have the card the stores that dont specifically list "Venmo" as a payment method I just put my card number in. So, easy fix.

Avantages

The user base is pervasive. Too many customers had Venmo, and not PayPal (but not both like me).
No problems with the interface.

Inconvénients

Main problem being the company's communications regarding my dispute of a via Venmo purchase:

>>Your account is on hold.
There wasn't enough money in your bank account for some payments you made, so Venmo covered the amount for you.

You won't be able to pay people or transfer money to your bank account until you pay Venmo back.

Pay Venmo back
Amount you still owe
$35.00<<o recourse to dispute or contend the charge because Venmo handled the transaction but refused to it when the didn't go through and I canceled the payment.o one to speak to, no one to contact, robot menus that cover all options except the reason you're calling, call centers with employees with no powers to do anything about a problem without asking their supervisor.

This usually involves another long wait on hold and transfer to someone who must be explained the issue all over again from scratch. I estimate that I have had to explain my sometimes simple issue over and over 4 times. Because no one can be bothered to brief the person you're transferring the call to!

To me this reeks of bad management bad training and a faulty power sructure.

Avantages

I like most about it is the ease of transferring money from person to person with just a quick click and I like that you can personalize a message with it to make your own memo for what it's for and be creative with it.

Inconvénients

What I like least about this software is that once you have money in your account it is almost impossible to get it out in cash form unless you have a bank that is approved by them connected to your account or you've been accepted to the beta program where they send you a card to use which is what I had to do to get my own money every other way was like hitting a brick wall of no because none of my credit union accounts where are valid to them.