Authorize.net vs. Venmo for Business

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Authorize.net
Score 8.0 out of 10
N/A
Authorize.net is a payment gateway software solution offered by Visa featuring secure data processing and fraud protection.
$25
monthly gateway
Venmo for Business
Score 9.6 out of 10
N/A
Venmo for Business supports touch-free transactions and provides customers a secure and simple way of paying. Businesses can accept payments virtually through the app, and in-person with a unique business QR code. Business's can turn the QR code into an eye-catching point-of-sale with a free QR Kit, in order to give customers an easy, touch-free checkout. There is no set-up fee and no monthly fees, with transaction fees of 1.9% + $0.10.N/A
Pricing
Authorize.netVenmo for Business
Editions & Modules
All-in-One Option
25 & 2.9% + $0.30
monthly gateway/per transaction
Payment Gateway Only
$25
monthly gateway
No answers on this topic
Offerings
Pricing Offerings
Authorize.netVenmo for Business
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Authorize.netVenmo for Business
Features
Authorize.netVenmo for Business
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
Authorize.net
-
Ratings
Venmo for Business
10.0
Ratings
32% above category average
Fraud Detection00 Ratings10.00 Ratings
API or SDK00 Ratings10.00 Ratings
Recurring Payment Support00 Ratings10.00 Ratings
Billing and Invoicing Support00 Ratings10.00 Ratings
Global Support00 Ratings10.00 Ratings
Payment Form Acceptance00 Ratings10.00 Ratings
Best Alternatives
Authorize.netVenmo for Business
Small Businesses
Apple Pay
Apple Pay
Score 9.3 out of 10
Apple Pay
Apple Pay
Score 9.3 out of 10
Medium-sized Companies
Apple Pay
Apple Pay
Score 9.3 out of 10
Apple Pay
Apple Pay
Score 9.3 out of 10
Enterprises
Checkout.com
Checkout.com
Score 8.5 out of 10
Checkout.com
Checkout.com
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Authorize.netVenmo for Business
Likelihood to Recommend
8.4
(0 ratings)
10.0
(0 ratings)
Likelihood to Renew
9.1
(0 ratings)
-
(0 ratings)
Usability
-
(0 ratings)
10.0
(0 ratings)
Support Rating
5.0
(0 ratings)
-
(0 ratings)
User Testimonials
Authorize.netVenmo for Business
Likelihood to Recommend
Authorize.net is reliable and I feel confident that customers' information is protected. The security protocols used by Authorize.net appear to be as good, and probably better than many credit card payment processors. However, the initial setup process was very difficult. I distinctly recall getting up and running as being very cumbersome and time-consuming. I also was disappointed with how the processing and deposit of payments were not consistent. I distinctly remember regretting the decision to go with Authorize.net. However, as mentioned before, with the time and effort required to get the account set up and running, I refused to go through the process again and try a different provider.
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It’s well suited for timely transactions, ease with use and visibility at all times, with confirmations seen on both ends. I’ve had no difficulties using it and no situations come to mind whereby it is less appropriate to use. I would highly recommend Venmo for Business if/when ever asked by a colleague.
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Pros
  • All payments are automatically sent straight into bank account almost instantly!
  • Is a reliable and secure payment processing company with robust security protocols to help against chargebacks.
  • It has very good compatibility with wordpress plugins such as woo-commerce or gravity forms.
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  • Timely payout
  • Ease of use
  • Visibility at all times
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Cons
  • The lack of data portability is a big issue for me.
  • Authorize.net uses the same $49.00 gateway setup fee to scam merchants out of money, which is no better than any of the other gateways out there.
  • Their customer service is not up to the mark. You can get stuck if you need any help from their end.
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  • Take out transaction fee. They are not PayPal
  • More understanding with bitcoin
  • Invoicing would be a good feature
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Likelihood to Renew
Authorize.net has been a useful system for our Chamber. We appreciate the ease of use and access to our Main Frame. Connecting Authorize.net to our system for membership, event and other payment ease has been excellent and we have experienced no problems whatsoever.
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No answers on this topic
Usability
Except for some of the back of the house issues with settings the overall usability was great
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I find that it is very easy to use, manipulate and I've had no issues at all whenever using it for Business or even personal purposes as well. I've never received any complaints or questions on either side whenever using it as well, and have only heard others speak about it in a positive manner too.
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Support Rating
I have no experience directly with the support offered by Authorize.Net.
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No answers on this topic
Alternatives Considered
We had previously used SAGE and Transaction Express. We've also explored Stripe, Amazon Pay, and Apple Pay as parallel payment options. In every situation, Authnet has better rates with fewer strings attached. It has also proven to have a significantly rich API which is a must-have for any solution we implement.
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PayPal has more work items for businesses. It has invoicing, time tracking, and marketing strategies. I could [use] PayPal to run my business like I do with QuickBooks. Affiliates with other business is crazy. Plus, they also carry debit and credit cards for business and personal purposes. Venmo is the little brother [of PayPal].
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Return on Investment
  • Lets us charge cards so we can get paid on time, every time.
  • It was very difficult to setup the DocuSign integration the first time, but after we got it setup, it's made the onboarding process very easy. That probably saves about 30 minutes every time we get a new client.
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  • Give customers reassurance
  • Secure money account
  • More marketing strategies
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ScreenShots