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PayPal vs Venmo


 Venmo
 Learn MoreVisit Site
 

PayPal

Venmo

SPECIAL OFFER
Try Venmo business profiles for 30 days - Learn More

Read Venmo Review

 

Benefits and Features

Monthly FeeFree account (monthly fees for features start at $5/mo)
$0
Good ForAccepting Paypal payments; Small businesses with average transaction under $100Small mobile businesses and freelancers who want to take Venmo payments
EquipmentPayPal Zettle card readers and terminals
None needed
Accept International Payments
25 currencies
 
Customer ServicePhone, Email, Live Chat Support, PayPal CommunityPhone, email, and messaging through the app
Fraud Prevention Tools
Check
 
Invoice Management
Check
 
Pricing Model
Flat-rate and Interchange-plus
Flat-Rate
Recurring Billing
Check
 
Swipe Rate
Starts at 2.29% + $0.09
1.9% + $0.10
Online Rate
Starts at 2.59% + $0.49
2.9% + $0.30
Keyed-in Transaction Fee3.49% + $0.09 (through Paypal Zettle)
3.09% + $0.49 (through the virtual terminal)
N/A
Deposit TimeInstant 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 feeInstant access to the funds in your Venmo account for in-person payments.
Chargeback Fee
$20
N/A
 

CreditDonkey® Reviews

 Venmo
PriceStarStarStarStarEmpty Star
ContractStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
EcommerceStarStarStarStarEmpty Star
High Volume BusinessStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarStarStarStarStar
Pros & ConsPros:
  • Accept Venmo in-person
  • Expand payment options
  • Simple pricing
Cons:
  • Must go through PayPal or Braintree for online payments
Bottom LineGood way for small businesses and freelancers to accept Venmo payments... Read full review
 Learn MoreVisit Site

Try Venmo business profiles for 30 days

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Articles on Venmo

Venmo Review

Merchants can use Venmo to accept payment. But is this social-friendly payment service a good option for your business? Read this review before you get started.

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