Venmo

Vantagens

Did you know the root of the word convenient actually stems from the Latin word “ven”? That’s exactly what Venmo is. And the inspiration behind the name Venmo actually came from the word vendo/vendere; the Latin word “to sell”. Venmo is one of my favorite apps, I use on a daily basis. It has served as a lifesaver to me on many occasions when I did not have my wallet or cash in hand. You can transfer money to someone else almost instantly and will receive a notification when they have accepted the transaction, so you don’t have to wonder. Transfers from your Venmo to your banking account will show up as quickly as the next business day (as long as it doesn’t fall on the weekend or a holiday). One of the best features of Venmo is that you are not charged a transaction fee when you transfer money between your banking account using a debit card. But, the best part is the free entertainment… If you ever want a little laugh, go and take a look at some of the reasons other people have used Venmo. It’s pretty funny (especially over the weekends). If you are looking for a free, entertaining alternative to PayPal, Venmo will definitely satisfy your needs.

Desvantagens

If your Venmo account is connected to a credit card you will be charged a small fee when you make transfers between the two. I would not necessarily see this as a fault in Venmo because you still have the free option available to you by using a debit card.

Vantagens

The easiest way to pay for something is through venmo. With a couple of clicks you can pay, making it the most efficient and safe way to pay someone. And no service fees

Desvantagens

Right now alot of sites/organizations/ people do not take venmo. I believe in the coming years this will be the main payment system throughout businesses.

Vantagens

I like the easy access between both parties at the touch of your fingertips. It's easy to use, safe and always handy in any situation. I remember when transferring money was a big and difficult process. You would have to wire it and it was a hassle for the other party just to send it to you. Finding the appropriate store to submit it along with an extra $5 on top of the desired amount just to send it over. Now, all you have to do is open the amazing app, select the amount you want and send! It's that simple! I've paid my rent using venmo and accepted my payments from work on it as well. If my friends ever need some help immediately, I'm able to do that for them in just a few seconds. I love it and I don't know where I would be without it. 10 stars!

Desvantagens

If I were to pick something that I liked least about the product it would be the small fee associated with a transfer or maybe an incoming payment. Venmo has to apply a small fee (depending on the amount) when either party sends or receives. But it's totally understandable and nowhere near the fee associated with wire transfers, etc.

Vantagens

The user base is pervasive. Too many customers had Venmo, and not PayPal (but not both like me).
No problems with the interface.

Desvantagens

Main problem being the company's communications regarding my dispute of a via Venmo purchase:

>>Your account is on hold.
There wasn't enough money in your bank account for some payments you made, so Venmo covered the amount for you.

You won't be able to pay people or transfer money to your bank account until you pay Venmo back.

Pay Venmo back
Amount you still owe
$35.00<<o recourse to dispute or contend the charge because Venmo handled the transaction but refused to it when the didn't go through and I canceled the payment.o one to speak to, no one to contact, robot menus that cover all options except the reason you're calling, call centers with employees with no powers to do anything about a problem without asking their supervisor.

This usually involves another long wait on hold and transfer to someone who must be explained the issue all over again from scratch. I estimate that I have had to explain my sometimes simple issue over and over 4 times. Because no one can be bothered to brief the person you're transferring the call to!

To me this reeks of bad management bad training and a faulty power sructure.

Vantagens

I like most about it is the ease of transferring money from person to person with just a quick click and I like that you can personalize a message with it to make your own memo for what it's for and be creative with it.

Desvantagens

What I like least about this software is that once you have money in your account it is almost impossible to get it out in cash form unless you have a bank that is approved by them connected to your account or you've been accepted to the beta program where they send you a card to use which is what I had to do to get my own money every other way was like hitting a brick wall of no because none of my credit union accounts where are valid to them.