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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

Customer ServicePhone, Email, Live Chat Support, PayPal CommunityPhone, email, and messaging through the app
Good ForAccepting Paypal payments; Small businesses with average transaction under $100Small mobile businesses and freelancers who want to take Venmo payments
EquipmentPOS (Chip, Swipe, Tap), Marketplaces & Partners, Invoicing, Online Processing
None needed
Pricing Model
Flat rate
Flat-Rate
Swipe Rate
2.7%
1.9% + $0.10
Online Rate
2.9% + 30¢
2.9% + $0.30
Monthly FeeNo monthly fees; $30/month for PayPal Payments Pro
$0
Keyed-in Transaction Fee
3.5% + 15¢
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
Customer ServiceStarStarStarEmpty StarEmpty Star
ContractStarStarStarStarStar
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


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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