PayPal vs Venmo
Learn More | Visit Site | |
PayPal | Venmo | |
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Try Venmo business profiles for 30 days - | ||
Benefits and Features | ||
Monthly Fee | Free account (monthly fees for features start at $5/mo) | |
Good For | Accepting Paypal payments; Small businesses with average transaction under $100 | Small mobile businesses and freelancers who want to take Venmo payments |
Equipment | PayPal Zettle card readers and terminals | |
Accept International Payments | ||
Customer Service | Phone, Email, Live Chat Support, PayPal Community | Phone, email, and messaging through the app |
Fraud Prevention Tools | ||
Invoice Management | ||
Pricing Model | ||
Recurring Billing | ||
Swipe Rate | ||
Online Rate | ||
Keyed-in Transaction Fee | 3.49% + $0.09 (through Paypal Zettle) 3.09% + $0.49 (through the virtual terminal) | |
Deposit Time | Instant access to the funds in your PayPal account; Or instant deposit to your bank account for 1% fee or 1-2 business days for no fee | Instant access to the funds in your Venmo account for in-person payments. |
Chargeback Fee | ||
CreditDonkey® Reviews | ||
Price | ||
Contract | ||
Customer Service | ||
Ecommerce | ||
High Volume Business | ||
Low Volume Business | ||
Pros & Cons | Pros:
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Bottom Line | Good way for small businesses and freelancers to accept Venmo payments... | |
Learn More | Visit Site | |
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