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 | |
|---|---|---|
Try Venmo business profiles for 30 days - | ||
Benefits and Features | ||
| Customer Service | Phone, email, and messaging through the app | Phone, Email, Live Chat Support, PayPal Community |
| Good For | Small mobile businesses and freelancers who want to take Venmo payments | Accepting Paypal payments; Small businesses with average transaction under $100 |
| Equipment | POS (Chip, Swipe, Tap), Marketplaces & Partners, Invoicing, Online Processing | |
| Pricing Model | ||
| Swipe Rate | ||
| Online Rate | ||
| Monthly Fee | No monthly fees; $30/month for PayPal Payments Pro | |
| Keyed-in Transaction Fee | ||
| 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 | ||
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| Price |   | |
| Customer Service | | |
| Contract | | |
| 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.
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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