Venmo

Avantages

It is so easy to make payments it's insane. This little app can do anything from splitting checks to invoicing freelance jobs.

Inconvénients

There isn't much I don't like about Venmo. The social side of it is okay and I don't care much about that part since I like to keep my payments private.

Avantages

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.

Inconvénients

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!

Avantages

I love the ability to send money and personalize the memos that go with it. It is much more personal, fun, interactive, and user friendly compared to PayPal. There is also the ability to transfer money into your account quickly if you need the funds for a very low cost. The interface is easy to use and understand for everyone who is of the eligible age to use Venmo. You can transfer money for whatever reason! I personally use it for bills and even research incentives for research participants.

Inconvénients

I love everything about Venmo. I find it easy to use and I have no problems with using it. Some people may find the verification process annoying however, it is a way to make sure your bank account and personal information is not being breached.

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

Venmo is great! I downloaded the mobile app almost 2 years ago when I first heard about it and now I use it daily. This past summer I ran a local auto detailing business and many of my customers asked me if I took Venmo as a paying option, and sure enough, I did! This made things so helpful as each payment was instant and on the spot. Another great feature of the app is how user-friendly it is and easy to follow. Personally, I would recommend Venmo to anyone, whether it is for business, personal use, or friends.

Inconvénients

I do prefer Venmo as my money exchange app of choice, but it is not perfect in my opinion. I think that a portion of the "friend" features could be improved to avoid any privacy issues. Some of the capabilities that Venmo allows you to do can allow people to view all your transactions and friends. People and their money can be a careful subject so safety and privacy should be Venmo's concern.