Venmo vs Chase Payment Solutions
Venmo is a good way for small businesses and freelancers to accept Venmo payments. How does it compare to Chase Payment Solutions? Read our comparison chart below.
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Venmo | Chase Payment Solutions | |
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Try Venmo business profiles for 30 days - | Chase Payment Solutions℠ - | |
Benefits and Features | ||
Monthly Fee | ||
Good For | Small mobile businesses and freelancers who want to take Venmo payments | |
Equipment | ||
Customer Service | Phone, email, and messaging through the app | Get 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent. |
Pricing Model | ||
Swipe Rate | 2.6% rate +10¢ per tap, dip and swiped transaction | |
Online Rate | 2.90% + 25¢ per eCommerce transaction and monthly fee starting at $9.95 | |
Keyed-in Transaction Fee | 3.5% rate +10¢ per keyed transaction | |
Deposit Time | Instant access to the funds in your Venmo account for in-person payments. | Fast funding at no additional cost. Get deposits as soon as the same day |
Chargeback Fee | ||
CreditDonkey® Reviews | ||
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Pros & Cons | Pros:
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Bottom Line | Good way for small businesses and freelancers to accept Venmo payments... | Well known processor with extra benefits for Chase banking customers... |
Visit Site | Visit Site | |
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Chase Payment Solutions℠
- Never miss a sale with powerful new ways to accept credit cards, anytime, anywhere. Accept payments multiple ways – in person, online or over the phone.
- Fast funding at no additional cost. Get deposits as soon as same day.
- Get fair and transparent pricing with no hidden fees. 2.6% rate +10¢ per tap, dip and swiped transaction. 2.90% + 25¢ per eCommerce transaction and monthly fee starting at $9.95. 3.5% rate +10¢ per keyed transaction.
- Trusted security – As technology advances, our industry-leading systems help keep your payments and customers safe.
- Get paid fast and manage your business from anywhere with the Chase Point of Sale system. Use our mobile app, reader and terminal to take payments via tap, dip and swipe.
- Accept cards online or over the phone with our payment gateway or use our pre-built payment integrations to leading eCommerce platforms and virtual terminal options.
- Process payments with Chase Payment Solutions, the #1 merchant acquirer in the U.S.
- Tap to Pay on iPhone offers you the ability to accept contactless cards, Apple Pay and other digital wallets on your iPhone – no additional hardware required.
- Chase Customer Insights is a complimentary business intelligence platform that offers simple, actionable analytics and reports to help you make better business decisions and reach more customers.
Fast Funding at No Additional Cost
- 2.6% + 10¢ per swipe, dip, and tap
- Get deposits as soon as the same day at no extra cost
- 24/7 support from live US-based agents
Which is Better: Venmo or Chase Payment Solutions?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Venmo or Square.
In short: Venmo's contract is impressive.