The app is free to download from the app store. The app doesn’t have any hidden charges for using it. The customers doesn’t have to pay extra for paying bills and other online payments using Venmo pay. Credit card payments have a 3% fee which is common among different paying apps.
Venmo is a great payment app through which you can send money to your friends and family. It's widely used, you can send money by whichever payment method you want and recipients get funds instantly. Users can send money through their debit and credit cards, bank account or by using Venmo balance. Received money gets added to your Venmo balance from where you can transfer it to your bank account or can keep it in Venmo balance. Venmo also lets you split bills and other expenses with multiple people. Friends and family members can use Venmo to pay for internet bill or to split the bill at a restaurant.
App Features and Capabilities
Send & receive money: The app offers you to send money easily to your friends and family. It has amazing feature where you can add different members and share bills. It works as a social network app as you can add as a friend the other Venmo user. You can add notes or emojis while sending money to the relevant person.
Deal in Crypto: The app offers its users to buy, hold and sell cryptocurrency right on the app. The app charges just $1 and provides all the basic elements which are necessary for working in the world of crypto trade.
Cash back: The app gives cash back up to 3% while spending using Venmo or debit cards. Users can split card purchases as well with friends to enjoy cash back offers.
Free: One of the amazing feature about the app is that it is free to be used by anyone. Venmo doesn't have regular fees, like monthly or annual fees. There's no fee to send money from a bank account, debit card or your Venmo balance.
Do Business: Users can make business profile for their gigs or small business start-ups under their Venmo account. Not only this but also Venmo is a checkout option with several apps and websites including Uber Eats, StockX, Grubhub, and Zola etc.
Manage Money: Venmo app is manages your account. You can get your money in the bank from Venmo within minutes using instant transfer option. You can get your paycheck earlier using direct pay option on the app.
Pay with Venmo: The app offers its users to pay by using Venmo QR code which is touch free payment option available at store likes CVS. All you need is to just scan the QR code and pay. You can also pay in different apps and online shopping.
Pros
The app offers quick and convenient ways of payments.
You can add social elements like emojis or notes while sending or receiving money.
The app offers very low fee on credit cards payments
Users can pay for the purchases of business using Venmo app
Free to send money from a bank account or debit card.
Cons
The app default settings are public. You payments details can be seen by anyone on the app.
The app doesn’t works while paying sometimes.
You cannot cancel payments once they are initiated on the app.
The app doesn’t support international transactions.
The app is not safe and secure as compared to other payment apps.
Other Information to Know
Venmo app is a simple payment app. The Seller of the app is The Delancey Corporation, LLC. The app has 4.2 stars rating on Google play store while 4.9 stars rating on Apple store. The app ranks at no.3 in the category of Finance. The size of the app is 407.8 MB. The app is compatible on iPhone and iPod touch. The app requires iOS 12.0 or later for compatibility. The app is available in English language. The app is free to download from app store.
App Usage: Likes: • You can shop and earn rewards using Venmo credit card.
• Users can get paycheck earlier by using direct deposit.
• You can easily trade in cryptocurrency like buying, holding and selling it.
• You can search for any transactions you have made easily.
• The app helps you grow your business through Venmo profile.
Dislikes: • The app is not supported always as a payment option.
• The app is only useable in USA. It doesn’t support international transactions
• There is always concern of data privacy on mobile phone.
• The app gets stuck sometimes during transactions. Rated App Version: 9.18.0 Phone Used:Samsung A31 - reviews
