Venmo Business vs Personal

Venmo Business vs Personal – What’s the Difference

Venmo Business vs Personal: Technology is becoming more integrated into our daily lives with the advent of digital payments. Cash is always available when you need it, so counting spare coins, notes, and keeping cash on hand is a breeze.

There was a great deal of hassle before digital payments and money problems worsened in emergency situations. Our technological advancements keep us one step ahead of the past.

Nowadays, we can directly access our bank accounts from our bank accounts – even if we don’t go to the bank. The process of transferring funds, making payments, keeping track of savings, and checking accounts has become time-consuming.

As a result, many platforms have emerged that offer consumers a variety of payment experiences, leading to the emergence of peer-to-peer payments as an industry.

The purpose of this article is to have a deep discussion on Venmo Business and Venmo Personal, which are two digital payment platforms. No worries, we will help you understand Venmo if you have any questions.

As a result of reading this article, you will have a better understanding of what Venmo Business and what Venmo Personal are, and how they differ.

Venmo Business vs Personal

Venmo Business

Whenever we hear the word business, we know what’s going on. As a result, Venmo Business was created specifically for small businesses and shopkeepers, sellers, who wish to use its payment platform.

Business community members, such as merchants and retailers, are its main target audience. With Venmo, they can make hassle-free payments and grow financially strong.

Because Venmo is the child of PayPal, it is extremely safe and offers 100% security when making large payments.

In addition to the Business Profile feature, Venmo Business also offers free advertising add-ons that can be used to conduct sales through Venmo Business Accounts.

Venmo Personal

Through the name it keeps, Venmo Personal hints at the features and target audience for which it is designed. Payments, transfers of amounts, and other personal transactions can be made using Venmo Personal.

An individual must register a Venmo Personal Account via the application within two-three clicks and ticks in order to use Venmo Personal features.

In general, Venmo lets users make digital payments and track them periodically via personal accounts and business profiles. Paying with a debit card or credit card is also possible with Venmo Personal.

Venmo Business vs Personal: Fees

Particulars Venmo Business Venmo Personal
For purchases done online via Braintree or Paypal 3.49%+$0.49 per transaction Upto 3% per transaction
For purchases through the Venmo App 1.9%+0.10$ per transaction 1.9% + $0.10 per payment

Venmo Business: Pros and Cons


      • By using a credit card, there are no interchange fees.
      • The software is compatible with mobile devices and provides hassle-free access to features without the need for additional hardware.
      • There are also low transaction fees associated with it.
      • A free social marketing tool is also included with the app to help sellers market their products online.
      • Merchants, customers, sellers, and many others can make contactless payments using it.


      • To use the payment options, a Venmo account is required.
      • There is sales tax to be paid.
      • There are a few tools available for customer management.
      • It is also difficult to report using the available tools.
      • There are high fees associated with integration.
      • It can be challenging for large businesses to deal with transaction limits.

Venmo Personal: Pros and Cons


      • PayPal getaway powers its security.
      • Every customer is provided with seamless payment services.
      • Payments are accepted on the same sites as PayPal’s parent company.


      • Payment history is shared publicly, which poses a privacy concern.
      • There is no payment access on the website for those who wish to pay.
      • International payments are not yet available.
      • Payment protection still raises questions.
      • The same app has been reported as a scam.

Venmo Personal vs Venmo Business: what’s the difference?

A business subscription to Venmo Business is best suited for small businesses such as vendors, shopkeepers, merchants, merchants and merchants.

Retailers and small businesses can use it hassle-free. Marketing tools are also available through Venmo business.

Aside from marketing tools and reporting features, Venmo Personal does not feature any customer management tools. In contrast to Venmo Business Profiles, Venmo Personal has a minimal transaction limit.

With Venmo Personal, individuals can manage their own accounts, conduct personal transactions, and save money.

Final Words

Venmo Business offers more features, such as marketing tools. In situations where credit cards or debit cards are required, Venmo Personal wins. Some cases can protect privacy, while others can compromise it. Besides offering payment options through its app, PayPal, and Braintree gateways, Venmo may also share your payment history with the world.

There is still a need to address sales taxes and other areas of Venmo, as well as underappreciating the features of the app. The number of people who use Venmo today for making money and selling products is huge. It all comes down to what requirements you need to fulfill through the Venmo Business and Personal apps.


Is it possible to use my personal Venmo account for business purposes?

Privacy policy on Venmo strongly prohibits it. You cannot make payments for merchants, commercials, and businesses with huge capital amounts from your personal account.

When it comes to making payments to businesses, Venmo Business is the only option.

Does Venmo work for nonprofits?

Currently, Venmo is only available for personal and business transactions. A non-profit cannot access any of the services offered by the platform currently.

Can you have two Venmo accounts?

Of course. It is possible to have multiple Venmo accounts or joint accounts for the family through the same bank account or via different bank accounts with Venmo.

What company owns Venmo?

PayPal and Braintree are respectively responsible for facilitating Venmo’s transactions and providing security.

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