Venmo vs PayPal
Venmo is a good way for small businesses and freelancers to accept Venmo payments. How does it compare to PayPal? Read our comparison chart below.
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Venmo | PayPal | |
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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 | Small mobile businesses and freelancers who want to take Venmo payments | Accepting Paypal payments; Small businesses with average transaction under $100 |
Equipment | PayPal Zettle card readers and terminals | |
Accept International Payments | ||
Customer Service | Phone, email, and messaging through the app | Phone, Email, Live Chat Support, PayPal Community |
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 Venmo account for in-person payments. | 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 |
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... | |
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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.