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Venmo

Name: Venmo
Rating: 4.5 (2 reviews)

By Venmo

1201 Interested

Highlights : About Venmo

Expense Splitting & Sharing

Bank Account Linking

Payment Data Encryption

Credit or Debit Card Linking

Transaction Alerts

Data encryption

About Venmo

Venmo is a free-to-use expense splitting and sharing, and payment mobile app made available for Android and iOS devices by PayPal, Inc. It enables groups of people to share the costs of a single purchase on the web or from an app straight from the payment solution’s interface. With Venmo, businesses can become more attractive to prospective customers, as they give them the option to split payments with their friends. Because Venmo connects people with their friends, family, and acquaintances, businesses get more exposure in these conversations that happen in social media platforms. This brings the business closer to more audiences and increases their chances of winning new customers.

Specifications

Business Size

Small

Customization

Yes

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Expense Splitting & Sharing

Bank Account Linking

Payment Data Encryption

Web & In-App Purchases

Credit or Debit Card Linking

Transaction Alerts

Data encryption

Request money

Social currency

Payment check-out

E-tickets sent via email

ACH Check Transactions

Online Payments

Transaction Data Management

Receipt Printing

Sync with Facebook and phone contacts

Benifits

Brand Exposure

With Venmo, businesses can spread awareness far and wide about them. That is because the app connects users with their circles of friends and when one posts about a purchase in a store, it is seen by many. This creates a conversation about the brand and since word-of-mouth is the best marketing tool, it can convince others to buy from the brand, too.

Intuitive Payment Experience

Businesses accepting Venmo provide customers with an intuitive, seamless, and expeditious payment experience. Users can pay for their items with just a few taps, fast-tracking the enjoyment of their newly-purchased items.

Worry-Free Selling

Venmo takes care of securing and protecting users’ financial information by utilizing encryption technology in bank or card linking and verification processes as well as during web or in-app transactions. This lets businesses focus more on the selling rather than worrying about customer’s bank account or card details getting leaked.

The PayPal Connection

As Venmo is a service created by PayPal, merchants already accepting payments through the online payment gateway can easily take disbursements from the digital wallet. Users can find the Venmo option once they click on the PayPal button, allowing them to pay for their purchases online or in-app securely.

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