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What is Venmo?

Make use of your Venmo account to send money to friends and family by utilizing your existing balance or by swiftly linking a bank account or debit card. You also have the ability to send money and shop at various partnered stores. Treasure the special moments with those you care about; whether it's sharing the cost for a meal, giving a thoughtful birthday gift, or simply checking in, you can easily transfer funds from Venmo to your bank account whenever necessary. To ensure your account's security, we implement encryption methods to protect your information and actively monitor for any suspicious activities. Payments to friends and family can be made using their phone number or email address, and individuals who do not yet have a Venmo account can easily create one to receive funds. You can effortlessly locate and connect with friends by synchronizing your Facebook or phone contacts. When sending money using your Venmo balance, linked bank account, debit card, or prepaid card, there are no associated fees; however, transactions made with a credit card incur a typical fee of 3%. Furthermore, receiving funds and making purchases via other integrated applications is always free, highlighting Venmo's convenience for managing your financial transactions. Overall, Venmo provides a seamless way to handle money transfer needs while ensuring the safety and ease of use for all involved.

What is Stripe Terminal?

Stripe Terminal provides a customized solution for in-person payment processing, making it easier for businesses to handle transactions in physical locations. Aimed at contemporary retailers and various platforms, Terminal seamlessly merges online and offline sales through flexible developer tools, certified card readers, and a cloud-based hardware management system. With just one integration through Stripe, you can manage all your sales activities—both digital and physical—within a single framework, which simplifies reporting and reconciliation while giving you a unified understanding of customer engagements. Terminal works smoothly with Stripe's suite of payment processing, Connect, and billing options, enhancing the overall customer journey by allowing functionalities like online bookings for in-store collections. Our SDKs further streamline the integration of Stripe into your mobile and web interfaces, enabling you to craft a unique in-store payment experience tailored to your business's specific requirements. By leveraging these comprehensive tools, you can greatly improve both operational efficiency and customer satisfaction, ultimately driving your business forward. Additionally, this integration supports various payment methods, ensuring a flexible approach to meet diverse customer preferences.

Media

Media

Integrations Supported

ArbiterSports
Aurus
Bitcoin
Bloom
Braintree
Conext
Found
Gr4vy
Index
Nest Payroll
Paerpay
Partiful
PayNearMe
Ready
SendWork
Tendy
Trolley
Virtuous

Integrations Supported

Lightspeed Retail
Shopify

API Availability

Has API

API Availability

Has API

Pricing Information

Free
Standard service is free. 1% fee amount deducted in instant transfer.
Free Version

Pricing Information

2.9% + 30¢ per successful card

Supported Platforms

Android
iPhone
iPad

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

PayPal

Date Founded

1998

Company Location

United States

Company Website

venmo.com

Company Facts

Organization Name

Stripe

Date Founded

2010

Company Location

United States

Company Website

stripe.com/terminal

Categories and Features

Digital Wallets

Not specified

Mobile Payment

ACH Support
Contactless / NFC
Credit Card Support
Debit Card Support
P2P Payments
eCommerce Payments

Payment Processing

ACH Check Transactions
Debit Card Support
Mobile Payments
Online Payments
Receipt Printing

Categories and Features

Payment Processing

Not specified

Point of Sale

Not specified

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