Square Payments vs. Venmo Comparison


Square Payments Block	Venmo PayPal	+	+
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About Accept every payment quickly, easily, and securely. Easily accept card payments—no matter if you’re selling on the go or at your store. Streamline the way you create, send, and track your invoices. Customer not there in person? Take remote credit card payments over the phone or from your computer, and get paid fast. Create and grow your online store, and seamlessly accept online payments with Square. We make accepting cards as fast, painless, and secure as possible. There are no extra fees, no long term contracts, and no tricks. Just fast, secure payments you can depend on.		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 Companies of all sizes		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 View more images or videos		Screenshots and Videos View more images or videos
Pricing Swipe/dip/tap: 2.75%. Keyed in: 3.5% + $.15. Free Version Free Trial		Pricing Free Standard service is free. 1% fee amount deducted in instant transfer. Free Version Free Trial
Reviews/Ratings Read all reviews		Reviews/Ratings Overall 4.4 / 5 ease 4.9 / 5 features 4.4 / 5 design 4.6 / 5 support 4.3 / 5 Read all reviews
		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 Block Founded: 2009 United States squareup.com		Company Information PayPal Founded: 1998 United States venmo.com
Alternatives Mollie		Alternatives Square Payments Block
Plaid		Mollie
Stripe		Plaid
Verifone		Paywint
Payanywhere View All		X Money X View All
Categories B2B Payment Credit Card Processing Payment Facilitation (PayFac) Payment Processing Virtual Terminals		Categories Digital Wallets Mobile Payment Payment Processing
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 Show More Features Credit Card Processing Features Cash Transactions Contactless NFC Electronic Receipts Electronic Signature Mobile Card Reader PCI Compliance		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 Show More Features 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
Integrations Big Cartel Jotform BI Book Book Like A Boss Breadwinner Breezeworks Checkfront CorralData Descartes Finale Inventory GetResponse GoCanvas InvoiceBerry Novo QuickBooks Online SMSLocal Schedulicity SkuHarmony Square Invoices Wix Bookings Zen Cart Show More Integrations View All 193 Integrations		Integrations Big Cartel Jotform BI Book Book Like A Boss Breadwinner Breezeworks Checkfront CorralData Descartes Finale Inventory GetResponse GoCanvas InvoiceBerry Novo QuickBooks Online SMSLocal Schedulicity SkuHarmony Square Invoices Wix Bookings Zen Cart Show More Integrations View All 56 Integrations
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