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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.

 VenmoChase Payment Solutions
 Visit SiteVisit Site
 

Venmo

Chase Payment Solutions

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

Read Venmo Review

SPECIAL OFFER
Chase Payment Solutions℠ - Learn More

Read Chase Payment Solutions Review

 

Benefits and Features

Monthly Fee
$0
No monthly fees
Good ForSmall mobile businesses and freelancers who want to take Venmo payments 
Equipment
None needed
 
Customer ServicePhone, email, and messaging through the appGet 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent.
Pricing Model
Flat-Rate
 
Swipe Rate
1.9% + $0.10
2.6% rate +10¢ per tap, dip and swiped transaction
Online Rate
2.9% + $0.30
2.90% + 25¢ per ecommerce transaction
Keyed-in Transaction Fee
N/A
3.5% rate +10¢ per keyed transaction
Deposit TimeInstant 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 day1
Chargeback Fee
N/A
 
 

CreditDonkey® Reviews

 VenmoChase Payment Solutions
PriceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
ContractStarStarStarStarStarStarStarStarStarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarStarStarStarStarStarStarStarStarStar
EquipmentStarStarStarStarEmpty Star
Pros & ConsPros:
  • Accept Venmo in-person
  • Expand payment options
  • Simple pricing
Cons:
  • Must go through PayPal or Braintree for online payments
Pros:
  • Competitive mobile processing
  • Same day funding available
  • No contract available
Cons:
  • Other fees not disclosed
  • Some poor user reviews
Bottom LineGood way for small businesses and freelancers to accept Venmo payments... Read full reviewWell known processor with extra benefits for Chase banking customers... Read full review
 Visit SiteVisit Site

Try Venmo business profiles for 30 days

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Chase Payment Solutions

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 the same day1.
  • Enjoy fair and transparent pricing with no hidden or monthly fees. 2.6% rate +10¢ per tap, dip and swiped transaction. 2.90% + 25¢ per ecommerce transaction. 3.5% rate +10¢ per keyed transaction2
  • Trusted security – As technology advances, our industry-leading systems help keep your payments safe
  • Accept cards in person – Take payments quickly with our easy to use point-of-sale devices and mobile app3
  • Accept cards online or over the phone – Choose from pre-built payment integrations with leading eCommerce platforms, virtual terminal and a payment gateway
  • Over 5 million businesses of all types and sizes trust financial solutions from Chase
Chase Payment Solutions

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.


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.

Articles on Chase Payment Solutions

Chase Payment Solutions Review

Discover the benefits of Chase Payment Solutions. Learn more about their user-friendly features and pricing. Is this your business's top choice?

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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