Venmo

Venmo

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About

Pay online, send money or buy and sell cryptocurrencies, all while earning loyalty points you can exchange for rewards. Level up, drop fees, unlock rewards, and pay online with confidence. You can trust NETELLER for fast and secure online payments. Paying with NETELLER is always instant, secure and free. Enjoy a new look, fresh features and an upgraded mobile app, so you can send and spend with ease. The NETELLER multicurrency account lets you keep track of your balance wherever you are, in whatever currency you're using. Whether you’re splitting a bill or sending a gift, just upload your contacts and you can send and receive money with ease. Enter the exciting world of crypto trading with NETELLER’s built-in platform. Trade on the go with the app, or set up automatic or recurring orders, so you never miss an opportunity. Whether you’re making financial connections with friends, family, businesses or sites you love, just using NETELLER lets you earn points you can exchange for rewards.

About

Pay friends and family with a Venmo account using money you have in Venmo, or link your bank account or debit card quickly. Send money and make purchases at approved merchants. Remember the moments you share with friends. Split dinner, send a birthday gift, or just say hello. Move money from Venmo to your bank account. We use encryption to help protect your account information and monitor your account activity to help identify unauthorized transactions. Pay family and friends with Venmo accounts using a phone number or email. If they don't have a Venmo account, they'll just need to create one. Find friends automatically by syncing your Facebook or phone contacts. When you send money using your Venmo balance, bank account, debit card or prepaid card, we waive fees so it’s free. Our standard 3% fee applies to credit cards. Receiving money and making purchases in other apps is always free.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Individuals in need of a money transfer solution to pay online, send money and buy and sell cryptocurrencies

Audience

Individuals or small to mid-sized businesses looking for a simple payment transfer solution

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

Free
Standard service is free. 1% fee amount deducted in instant transfer.
Free Version
Free Trial

Reviews/Ratings

Overall 4.2 / 5
ease 4.8 / 5
features 4.7 / 5
design 4.8 / 5
support 4.8 / 5

Reviews/Ratings

Overall 4.4 / 5
ease 4.9 / 5
features 4.4 / 5
design 4.6 / 5
support 4.3 / 5

Pros & Cons from Real Users

Pros

  • Neteller is an online payment platform that has served a lot within our company, I really liked this payment platform because it allows me to deposit money in various ways, I can deposit money through my bank account with a social zone to that platform, I can deposit all the amount of money that I want through the bank account, in addition, I can also use my debit card to deposit money within this platform, and it also allows me to deposit in CriptoMonedas within this online payment panel, this payment method is so diverse helps me to deposit money in the way that best suits my comfort, I love having diversified ways to deposit money. I liked that this platform allows me to transfer money to any account immediately, just by using the email address of a Neteller account, I can transfer money to anyone, in addition, all the money transferred to any account is available Immediately, the platform does not have any type of restriction on the money sent. I also liked the CryptoCurrency system that this platform has, since it not only allows me to deposit money through CryptoCurrencies, but also allows you to make CryptoCurrency changes within the platform, I can exchange one cryptocurrency for another from the main panel of this platform In addition, the commission charged by the form mat to carry out the exchange is quite low, therefore, I can carry out all the CryptoCurrency conversion that I want without paying high commissions.
  • Neteller is a wallet that makes me feel really comfortable when using it, mainly because it offers me various transfer services to any type of person, and also gives me the possibility of transferring money to different businesses. One of the first things I loved about this payment processor is that the deposit of money via bank account is done almost immediately, I have deposited money to my account several times using my bank account, and this deposit process only takes approximately one hour, after spending an hour waiting I will have all my funds available to be sent to any type of personal or business account. Another thing that I liked about this platform is that all transfers are processed immediately, that means I don't have to wait extra time for the money to be sent or for it to be received by the other person, each payment that made the immediate receipt by the other person or by the other business, this is very useful for me since I can send money to any part of the world and all these payments process immediately, so that I have immediate access to all that amount of money without wait time. I also liked that this wallet does not have any type of option to make claims or request a refund, and although this function may be a bit negative for some people, for me it is positive since I can receive money from anyone without run the risk that that person makes some kind of claim for the return of money.
  • Neteller is an incredible payment processor, with the help of this platform you will be able to get a correct money transfer at the time you want, in addition, you will be able to save your money without having to pay excessively expensive fees for the maintenance of your account, this platform is impressive and it will help you to always keep your money safe and to be able to send money to any address in a matter of seconds. The main feature that I like about this platform is that it allows me to send money from any denomination or currency, when I have my local currency deposited within the platform and I want to send another type of currency to a specific person, all I have to do is press a button and select the currency I want, the corresponding conversion is reviewed immediately, it is important to note that the currency conversion rates within this platform are quite low, you must pay very little commission to perform the corresponding conversion, that is a positive point. In addition, I have also loved that this platform has a fluid system when it comes to receiving payments, for example, if you send money to a specific person, that person will be able to use that money immediately, there are no restrictions to when using the money you have recently received, as is the case with other platforms such as PayPal, which sometimes restrict the money you have sent to a recipient.
  • Neteller is a fairly advanced platform to develop all kinds of transfers, in addition, it works as a platform to protect your money and be able to transfer it to any friend or work colleague, this platform is very well structured, it has advanced tools to make large amount transfers of money, as well as allowing currency exchange in a matter of seconds. The things that I liked the most are the following: 1.- One of the main features that I love about this platform is that it works normally with respect to Cryptocurrencies, you can deposit all kinds of Cryptocurrencies in your local currency, as well as make transfers in Cryptocurrencies from your wallet to another wallet from somewhere or from some platform, the transfer of Cryptocurrencies within this payment platform is extremely important to me and allows me to send money in a decentralized way. 2.- Another thing that I like about this platform is the speed of money availability, every time you transfer money to a friend or family member, the money will be available immediately, you can send money to any family member or friend without need for it to wait for it to arrive, the money arrives immediately in your account and you can use it in a matter of seconds. In addition, there is no type of restriction or money withheld in any transfer, all the transfers you make will be free of any type of withholding. 3.- I also love the mobile application that this platform uses, the payment application is available for both iOS and Android devices, this application works wonderfully and allows me to make transfers with just email, I just have to put the email email of the person to whom I want to send the money, and the corresponding shipment will be made immediately, in addition, I can also send money from this application using the contacts that I have added to my Neteller account. 4.- Finally, the most important feature of this platform is that you can link many bank accounts at the same time, without any problem, the account linking simultaneously works positively within this platform, in addition, you can use all the bank accounts that you have linked to review any type of payment or make a money withdrawal, as well as you can deposit money from the platform to your bank account.

Cons

  • I did not like that this platform has a very poor support and when you need to solve a problem with a transfer, for example, if I need a refund for a transfer that I made by mistake, they ask me for a lot of additional information to be able to process this refund. In addition, the support team for this type of case is quite deficient, it takes a long time to respond and it also takes a long time to complete a case for the return of funds, for which; it is very important that users do not make mistakes when transferring funds within Neteller. I also don't like how this platform takes a long time to process the withdrawals between the bank account platform, as I mentioned previously, the bank account deposits are quite fast, I have deposited money from my bank account several times like this on this platform. However, the process of withdrawing funds from the platform makes my bank account take two to three business days, which means that I have to wait a long time to receive my money in my bank account, this should not be the case. The last negative thing about this platform is that there is no way to use those funds in the vast majority of online stores, since currently very few online stores accept this Neteller payment method, which causes Neteller not to be used to pay for a product or service online, since almost no store accepts it as a payment method.
  • Neteller is the essential platform to receive all kinds of payments immediately, one of the first things that I did not like about this platform is the billing service, since there is a function that allows you to make invoices online and that invoice can be sent to any type of person or merchant registered in Neteller, That is break appear in the system as pending to pay, after the customer, user or merchant has paid that invoice correctly, you will receive an immediate notification, however, the main reason for which I did not like that it works for you because the templates used to create these invoices are quite outdated, they do not offer an attractive design for the invoice, in addition, it is very complicated and mushrooms various text fields within this invoice. Another negative point of this platform is the time to withdraw money from the wallet to the bank account, the process is carried out almost immediately, as is the deposit of money. However, the Commission is so high that this platform has for the withdrawal of money is incredible, I have never used a wallet that had such a high commission to withdraw money within the platform, I think that the commissions to withdraw money should be much lower or should depend on what type of boat is being used to carry out the withdrawal.
  • The main negative thing that I have not given you about this platform is that there is no debit or credit card possible here within the platform, in the payment checker that only works online, and each of the operations has to be executed in online, you cannot obtain any debit card to use the money you have deposited within the platform, this is a very important negative point, since it would be excellent to have a debit card that allows you to use your money from anywhere in the world. world. The second negative thing that needs to be mentioned about this platform is that in the vast majority of cases, the refunds are not executed correctly, it is very difficult for Neteller to give you a refund, since the platform expresses very clearly in the terms that we are not responsible for any money transfer not authorized by you, or any money transfer by mistake, so it will be very difficult for you to get your money back when you have mistakenly sent it to someone, so, If you are trying to send money to a recipient, I recommend that you verify the email address correctly so that you do not make any mistakes and lose your money.
  • Neteller is a very perfect platform to make all kinds of payments, however, there are also some negative features that need to be mentioned about this online payment platform, such as: 1.- The commissions within this platform are really high compared to other online payment services such as Skrill, I have compared both commissions and in another the commissions within this platform are much higher, this platform charges you commissions for withdraw money from your bank account, as well as charge you commissions for converting a currency, if you need to convert your local currency to another type of currency, it will charge you commissions for it. Within this online payment platform, commissions are charged for everything, a rather negative feature. 2.- Another of the negative things about the Internet is that it does not generate any type of interest for having your money saved, as long as you have your money within this platform and you are not using it, it will not be able to generate any type of interest within her, is a negative characteristic because there are many people who prefer to keep their money saved, and it would be excellent to be paid interest for it. 3.- There is no type of policy which allows you to make a refund or any recovery when you make a mistake making a transfer, for example, if you transfer to a wrong email address, the platform will not be responsible for this error, This platform has very few policies to make a refund, so you must take the corresponding precautions to avoid making mistakes or falling into some type of fraud.

Pros & Cons from Real Users

Pros

  • Using the Venmo platform has become something too common for us due to the great stability it has provided when establishing direct payments both for my employees within my company and for people outside my company. The first thing I liked about Venmo is the validation of payments, I love being able to make all kinds of payments to any Venmo account and that the money is immediately available in the account to which I sent the money, this is fantastic, there are no money restrictions on the transactions I have made for more than 2 years that I have been using it. Another thing I love about Venmo is that it provides me with a debit card, this feature is excellent since it is a digital wallet, it allows me to manage my money more easily and pay anywhere using the debit card provided by Venmo, a very secure card that is available for all accounts within the platform. I also love that Venmo allows you to send custom payments, whether it be with special messages or special emojis, this is fantastic because it allows me to send much more interactive payments, not just simple payments, but special payments with special messages. Venmo has also provided me with a nice transfer of assets to or from my bank account, I love that I can link my bank account on this platform and make withdrawals from my bank and have the money available in minutes in my wallet, I like this because there are digital wallet platforms similar to Venmo that do not provide this fast deposit processing.
  • It makes splitting the cost of items seamless, removes the need to carry cash, and helps small businesses sell their products without the hefty fees of competitors.
  • You don't have to carry cash around anymore to pay people. Venmo makes it easy things like restaurant checks with friends.
  • Venmo is the easiest way to borrow and share money with friends and family. I am able to make transactions easily and freely knowing that my money is secure.
  • It's easy to manage trips and activities with friends. One person can book seats together or get the check at a restaurant and then split up the bill later. We use Venmo to manage dozens of different expenses that come up whenever I take a trip with a group.

Cons

  • The main criticism I have regarding Venmo is regarding the user support service within this digital wallet, this support team is not so efficient and that causes users to be unable to resolve the constant concerns they have within the platform. On several occasions I have had some doubts about the payments made and received, and the support team has taken up to more than 2 days to correctly respond to my request, this is something very shocking for me, since I consider that being a wallet platform, they should offer much faster user support and in a shorter response time. Another thing I must criticize is regarding the login system, they have too robust security and this causes me to be unable to access my wallet at any time, I have tried to access my account from a new device and I have completed the two-step verification but it has not let me enter due to a suspicious login. I would like to be able to access my account on a daily basis without any problems, I do not like the robust security system that Venmo is using.
  • If you accidentally select the wrong recipient, there is no way to revoke your payment. I understand the need for this to prevent scams, but their search feature for people does make it easy to accidentally select the wrong person.
  • Venmo is now charging businesses a fee if money is sent to them from clients. There is also a limit of how much money you can send each month.
  • The charges for moving money to the bank instantly can be inconvenient, but I understand.
  • There's no reason for a money transfer app to have many different social features. It seems obtrusive and unnecessary to have a wall to see how friends are sending money back and forth. The ease of use to move money back and forth is enough, it doesn't need to be Facebook.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

NETELLER
Founded: 1999
Canada
www.neteller.com/en

Company Information

PayPal
Founded: 1998
United States
venmo.com

Alternatives

Alternatives

M-PESA

M-PESA

Vodafone

Categories

Categories

Mobile Payment Features

ACH Support
Contactless / NFC
Credit Card Support
Cryptocurrency Support
Debit Card Support
eCommerce Payments
In-App Payments
In-Store Payments
Micropayments
P2P Payments

Payment Processing Features

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Integrations

Bitcoin
Payouts.com
AllPays.co
Astro
Aurus
Bloom
Bruinen
Desktop.com
HostBill
Inai
Invoice Candy
Paerpay
PayNearMe
Phonesites
PremierCashier
Taiki
Trolley
Venmo Credit Card
Virtuous
Yuno

Integrations

Bitcoin
Payouts.com
AllPays.co
Astro
Aurus
Bloom
Bruinen
Desktop.com
HostBill
Inai
Invoice Candy
Paerpay
PayNearMe
Phonesites
PremierCashier
Taiki
Trolley
Venmo Credit Card
Virtuous
Yuno
Claim NETELLER and update features and information
Claim NETELLER and update features and information
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Claim Venmo and update features and information