Venmo

Pros: 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: 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.

Overall: I will continue to have Venmo be a vital part of my social experiences because it takes the hassle and awkwardness out of dealing with splitting money between friends. But if they continue to try and push social media aspects of their platform, I might consider a change.

Pros: Easy way to send money back and forth. The new business version makes it very easy to integrate with customers.

Cons: The notation system being viewable so easily can be awkward. It's an odd attempt at financial social media.

Overall: Good user interface and easy functionality makes it a very easy way to exchange money with friends, and now the business version makes it a good point of sale for business on the go.

Pros: Essentially, another version of PayPal. Allows me to carry funds, share bills, and make/receive payments without handling cash or taking out a checkbook.

Cons: Heavy push to connect to my contacts list. Since PayPal is more established, I would like to see some attempt at connecting to PayPal as we), though I suspect that is less Venmo's fault than it is PayPal's.

Overall: Overall, a new alternative to an established useful tool is a good thing. I am interested in seeing how this service develops in the coming years and what it does to the competition.

Pros: It makes person to person payments extremely easy, and their business accounts make it easy for small businesses to get up and running with limited resources.

Cons: If you mistakenly send money to the wrong person, then you don’t have a recourse to get it back. You have to really make sure you confirm the recipient.

Overall: Overall, I’m a huge fan of Venmo. The software is extremely easy to use, and convenient. I would highly recommend to everyone.

Pros: The social aspect of it and how it connects to your Facebook profile makes it really easy to use, and to keep a record of fun times out with your buddies. Connects to bank accounts via Plaid if I remember correctly so it's easy and painfree.

Cons: By default all your spending is visible to the public, I think this should be an opt in and not opt out situation. At least changing the setting is easy enough.

Sometimes payment requests / notifications don't show up and I don't notice til I actually go and open up the app for some other reason, and that's rather annoying.

There have been security concerns discussed online but I'm not sure how substantiated they are. I know it was once possible to track people's location from the public transaction log.

Overall: Pretty happy with Venmo, just make sure you double check who you're sending money to because the profiles and names don't have to be real, and there's no way to reverse a transaction. Be careful of scams too.

Pros: I like that anyone can get Venmo regardless of your bank, which makes it a great, easily accessible money app.

Cons: I don't like how "social" it is. It makes it feel like your bank information is unsafe.

Overall: Easy to use, accessible and makes sending and receiving money very simple and quick when you don't have cash or the same bank as someone.

Pros: Venmo makes it as easy as a click just about to send money. They also send you a debit card that can be used at retailers all over.

Cons: Venmo used to have a security issue involving iPhones. Luckily they learned of it and fixed the problem so they are on top of security issues.

Overall: Venmo is a must in todays contactless payments thanks to covid 19. They want us all to stay healthy.

Pros: Venmo is a very easy to use application and receive money fairly quickly. It is easy to find friends and find other people quickly using their phone number. They recently started using a two step authentication so you don’t accidentally send money to the wrong person.

Cons: Some people like the part of Venmo where you can see your friends recent transactions, however I do not, however you can become private. It can take some days (up to 3 business day) for money to transfer if you don’t pay for the additional transfer fee.

Overall: Venmo is incredibly easy to use and is a safe, trusted app to send and receive money. There are many apps that do this however Venmo seems to be the most trusted.

Pros: Super easy to use and very simple way to split split bills with people and send money to those you owe at a push of a button.

Cons: There isn't anything that I dislike about it at all.

Overall: Overall it's great and I use it for myself as well as for my business. Super awesome and very easy to use!