Financial apps have become an important mode of transactional operations for individuals and companies alike. With a couple of swipes and taps, one can pay or withdraw large sums of cash using a secured gateway method. Apps like Venmo have become increasingly popular over the years for their continuous process of making online transactions smoother. Speaking of Venmo, the app not only offers seamless online payment services but also an amicable platform for those who love to socialise. Isn’t that fun? Let’s find out about the app in detail.
The Venmo app is a stark example of how convenient online transactions can be. The PayPal-owned financial app makes the process of sending and receiving money as easy as it says. The Venmo payment app is quite popular for its friendly features and robust security measures.
Venmo aimed to introduce a new kind of payment system when its founders Andrew Kortina and Iqram Magdon-Ismail thought existing cash payment processes were ‘too lazy’. The money splitting app was then born out of the idea when one of the Venmo app creators forgot his wallet at home and had to pay through his phone.
Whether it’s a monetary exchange between two flatmates or between a buyer and an international company, the Venmo cash app has revolutionized the online payment system. If you’re traveling with your loved one to any particular place, you’ll need to make sudden payments while shopping, touring or eating. In such cases, Venmo serves as the best couple app.
In 2019, the app hit the 40 million mark on total users.
In this Venmo app review, we’ll see what startling features the app has to offer which makes it one of the most sought after digital wallets.
Since 2009, Venmo has been gaining immense popularity for the right reasons. While we have already mentioned how flexible it is to make any e-payment, the money transfer app Venmo has some compelling aspects to it.
First off, the Venmo app logo looks quite simple but has a bonny element to it. The overall design and feel of the application is quite alluring and gives out a millennial vibe to its users. Let’s talk about its usage.
The sign-up process is quite easy, you can register via Facebook or your existing email ID, or you can do it manually by entering its details. While signing up, it takes you through a set of FAQs that elaborates the basic functionality of the application.
Once registration is done, the Venmo money app takes you to the home page where you have three main options to look at.
Before you can make any payment, the Venmo mobile app requires you to enter your banking details to set up your payment account. While the Venmo app will automatically take you through the setup process, you can also manually do so by going through the following steps:
The Payment received option is quite interesting and different. When someone pays you an amount via the app, it doesn’t go directly into your bank account; it stays with the Venmo payment app unless you manually transfer it to your account. It’s quite easy actually.
If you have used the PayPal app, this is totally similar.
Now, this is where the app gets an edge over its competitors. A financial app is usually meant to settle payments, but what if there's a B-Side to it that makes it a lot more cooler? Even the payment option offers additional attractive options like emojis as discussed in the above section.
It's a totally consent-based application where you can see people's transactional updates if they allow it to be seen. The cash app Venmo allows you to share moments, split dining bills, send birthday gifts and allow a platform for communication.
Design- 5 stars
Usability- 5 stars
Features- 4.5 stars
Reliability- 4.5 stars
MAD rates- 4.7 stars
Whether you are using the Venmo app for Android or the Venmo app for iPhone, as a user you are likely to have a great experience while making quick payments at any given moment.
The second quarter of 2019 showed that Venmo ended up processing over $102 billion in P2P transactions. The app for splitting money now has over 50 million users as confirmed by the company CEO. The most striking fact about the app is the revenue generated that rose to over $450 million last year.
We hope our app reviews help you in getting acquainted with various high-quality apps selecting the best ones from every genre.
Cut to the
chase content that’s credible, insightful & actionable.
Get the latest mashup of the App Industry Exclusively Inboxed