Venmo (Iphone)

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  • Added: 04/20/2015
  • Downloads:27
  • Developer: Venmo
  • Pros
    Free
    Easy to use
    Overnight cashout
  • Cons
    Set to public
    Too many notifications

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Description

Venmo is an online banking service that makes sending and receiving money easy.

THE VERDICT

The Venmo app is a great way to collect and payout money. You can send money to just about anyone and transactions typically only take a day or two. If you're looking to withdrawal money from your own account, you can do a bank transfer that will be complete the next day. The best part about Venmo, especially when compared to PayPal, is that it's completely free. There are no fees coming or going, meaning you get to keep more cash in your pocket.

THE PROS

This easy to use app uses bank grade security and data encryption so you know you're safe. It's easy to use and the interface is very straightforward. It works with any bank and is free to use.

THE CONS

The app is set to public share your transactions. Although you can change it, why have the default public? Also, unless you change the settings, you'll get six notifications for every transaction (two via email, two via app notification, and two via email).

Developer's original description available here

Developer's original description available here

Send money for free. Cash out to any bank overnight.

“The crown jewel of all finance apps” – Forbes
“#1 app college students should download right now” – Buzzfeed
“Just Venmo me.” – Business Insider

• Pay your friends for dinner, drinks, rent, and more.
• Easily collect money from people who owe you.
• Checkout with one touch in many of your favorite apps.

Venmo uses bank-grade security systems and data encryption to protect your financial information.

Venmo is a part of eBay/PayPal.


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