Alternatives to Venmo
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We have 1 review for Venmo. The average overall ratings is 4.0 / 5 stars.
Overall Opinion: Venmo is a clean and simple app and is very easy to use. This app makes going out with friends a whole lot easier since you won't have to split up the bill. Instead, you can send a quick payment to you your friend or family member to cover the costs. This app is also great for roommates, coworkers, or any other person you may need to send money to at some point. Since Venmo is so easy to use, most people have an account making it a very convenient way to transfer funds.
Pros: Mostly Free to Use Creating a Venmo account is simple and free to use under most forms of payment. Convenient Venmo has many features that promote a hassle-free experience, making it one of the most popular money sharing apps. Since the app is so popular, most of your payments will be easy to send as they will be going to existing users. More Secure than Carrying Cash Carrying large amounts of cash has always been a bit of a risky move. With the help of Venmo, you won't have to carry cash around to pay back your loved ones.
Cons: Credit Card Fee Users who make payments using a credit card will be charged a 3 percent fee. However, users who pay with their bank account, debit card or Venmo balance will not be charged any fees. Limited to U. S Users Only Venmo is currently only available in the United States, which is a pretty big let down for the rest of the world. Transfer Limit Any users who are needing to transfer more than the 2,999 dollar transfer limit will have to send the balance in separate transactions. This could definitely be an issue for credit card users as they will be charged 3 percent for each transfer they make. Limited Security Since the app is relatively new, there are some security issues for users to keep in mind. For example, your Venmo account will be linked to your email address. Therefore, if someone happens to hack into your email, they can easily snag your Venmo account as well.
Venmo is a digital wallet that makes it easy to request money or make payments to your friends. Subscribe to TechCrunch today: bit.ly TechCrunch is a leading technology media...
About This Article
This page was composed by Alternative.me and published by Alternative.me. It was created at 2018-05-01 19:14:38 and last edited by Alternative.me at 2020-03-06 07:51:47. This page has been viewed 5913 times.