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6 Best Alternatives to Venmo in September 2024

Alternatives & Competitors to Venmo

1
Square Point of Sale

Waived fees on $10,000 in transactions
2
Stripe

Waived Stripe fees on your next $20,000 in payment processing
3
Revolut

1 month free
4
FreshBooks

90% off for 4 months
5
HoneyBook

55% off for 1 year
6
Chargebee

40% off the Performance plan for 1 year

Here are competitors or alternatives to Venmo and other similar Payments software. You need to consider some important factors when choosing a tool like Venmo for your business: the main features of each solution, ease of use of user interface, pricing or value for money for instance. Each software has its pros and cons so it's up to you to choose the best alternative to Venmo that meets the needs of your small business. To help you compare each app and choose the right solution, we have put together a list of the best competitors of Venmo. Discover sofware like Square Point of Sale, Stripe, Revolut or FreshBooks.

List of Alternatives to Venmo

From Payments tools, we have selected the best alternatives to Venmo based on reviews for each solution and similarities with Venmo. Of course, each solution has its benefits and drawbacks, and its own features but, whether you are a small business, a startup or a large enterprise, you will find the right choice that empowers your projects.

Display alternatives with deals only

1. Square Point of Sale

The simplest way to run your business

4.8 (20 reviews)

1 deal available | Redeemed by 109 members

Accounting

Waived fees on $10,000 in transactions

Save up to $260

Square Point of Sale brings value by providing a user-friendly and efficient platform for businesses to accept payments, manage inventory, track sales, and gain insights through advanced analytics, all while providing a seamless customer experience.

Square Point of Sale compared to Venmo

Venmo is a better solution based on percentage of positive reviews than Square Point of Sale: 96 vs 95

Venmo is better at ease to use than Square Point of Sale: 5.0 vs 4.5

Venmo is better at value for money than Square Point of Sale: 4.8 vs 4.5

Square Point of Sale has more functions than Venmo: 102 vs 17

Why is Square Point of Sale a good alternative to Venmo?

I find Venmo to be a great alternative to Square Point of Sale due to its simplicity and user-friendly interface. Unlike Square, which is primarily designed for businesses, Venmo is ideal for personal transactions between friends or family. It's free to send money using your Venmo balance, bank account, debit card, or prepaid card which makes it highly convenient. Moreover, the social aspect of Venmo where you can share and view payment descriptions on your feed adds an element of fun and transparency to transactions. The ability to split bills or expenses with multiple people is another standout feature that makes Venmo more suitable for personal use. In essence, if you're looking for an easy way to manage personal transactions rather than business ones, Venmo is the way to go.

What are the differences between Square Point of Sale and Venmo?

As someone who has used both Venmo and Square Point of Sale (POS), I've noticed several key differences. Venmo is primarily a peer-to-peer payment platform, designed for sending and receiving money between friends and family. It's not intended for business transactions, although some small businesses do use it informally.

Square POS, on the other hand, is a full-fledged business solution. It allows businesses to accept payments in person or online, track inventory, generate sales reports, and more. While Square does have a peer-to-peer app called Cash App, their POS system is much more robust and aimed at businesses.

In terms of fees, Venmo doesn't charge for personal transactions, but there's a fee for receiving business payments. Square POS charges businesses a flat rate per transaction. Both platforms require an internet connection to operate.

2. Stripe

Manage your online payments

4.3 (20 reviews)

1 deal available | Redeemed by 2244 members

Payments Online Banking

Waived Stripe fees on your next $20,000 in payment processing

Save up to $500

Stripe is a payment solution for ecommerce websites. It can be easily integrated to your website or app, and allows you to accept your customers' payments.

3. Revolut

Multi-currency online business account

4.7 (20 reviews)

1 deal available | Redeemed by 304 members

Online Banking

1 month free

Save up to $149

Revolut Business is an online account for professionals. Multi-currency, it allows you to easily trade internationally. Thanks to its comprehensive and easy-to-use features, this internet banking account is suitable for all types of businesses.

4. FreshBooks

Simplify your business accounting

4.3 (24 reviews)

1 deal available | Redeemed by 25 members

Accounting

90% off for 4 months

Save up to $169

FreshBooks is a cloud-based accounting solution designed to simplify financial management for small business owners and freelancers. Whether you’re on the go or at the office, FreshBooks keeps your finances organized and accessible.

5. HoneyBook

Seamless client management.

4.4 (24 reviews)

1 deal available | Redeemed by 25 members

CRM Collaboration

55% off for 1 year

Save up to $521

HoneyBook is an all-in-one clientflow management platform designed for independent businesses and freelancers. It offers a suite of tools including online contracts, invoices, payments, proposals, scheduling, and automations to streamline client interactions and business processes.

6. Chargebee

Billing and subscription management for SaaS B2B

4.7 (24 reviews)

1 deal available | Redeemed by 295 members

Payments

40% off the Performance plan for 1 year

Save up to $4,000

Easily manage your subscriptions, recurring payments, billing and accounting. All with automation and reporting features.

6 Best Alternatives to Venmo in September 2024

Alternatives & Competitors to Venmo

List of Alternatives to Venmo

1. Square Point of Sale

Lisa J

Square is Outstanding…

2. Stripe

Samantha R

Retired Software Developer's Review on Stripe

3. Revolut

Diana

Revolut's Savings Vaults: Effortless Saving Made Easy

4. FreshBooks

Gloria N

Fast to Enroll You and Secure Your Payment

5. HoneyBook

Joshua Jones

Multi-Tasking Made Easy with Honeybook

6. Chargebee

Johnny

Chargebee's Commitment to Continuous Improvement Shines Through Regular Updates and New Features