Review on Venmo by Douglas Cachazo
Venmo: Excellent application that belongs to and powers the giant Paypal
Venmo started operations in 2009 in which it was just a small social network between friends to make transactions between them in which they could make payments between themselves, share payments, in short a network between friends with whom they could make easy money transfers.
As a web designer I think that your portal, although the design is very good, I must criticize the way they present the information, too separated contents of the same topic and make it repetitive in many sections, which makes that to understand you have to continue reading part by part until completing the overall idea, it would be advisable to unify more each content, summarize it in a single idea and thus will be clearer and more direct.
The application, although it started as a small social network, has evolved over the years into a complete network to facilitate payments and also for merchants to receive payments more easily, and make transfers between acquaintances, for example sending family remittances, among the evolution is the Venmo debit card to make payments without commission in stores accepted,
It belongs to and is a complement to the payment platform the giant PayPal, which I have been using for many years to accept payments for my professional services in the area of IT. My funds in paypal I can channel them with Venmo and thus be able to make transfers and payments more easily.
In countries where it is formally accepted and spread, a network of friends could for example organize an event and between all from the same application share their monetary contribution for the event as a birthday. That's great and practical.
It does not charge commissions to transfer funds to your venmo card, linked bank account. But it does charge 3% if you transfer funds to credit cards.
Summarizing application highly recommended especially if you reside in countries where this spread and is accepted, its function to send and receive money is its strong, but in the evolution contemplates to make payments and the option so that merchants accept it in their business, alone when putting payments in paypal are accepted and to have the application. Unfortunately in my country as well as in southern countries is not yet 100% functional peri if the part for sending and receiving funds, which is worldwide, such as its owner Paypal.
Pros
- Excellent application for sending and receiving funds
- It belongs to the giant and world leader Paypal.
- It has evolved and now has a debit card
- Possibility of being accepted in stores
- It has a portfolio of millions of customers
- Available in Windows, IOs and andriod
Cons
- High commission of 3% when transferring to credit cards
