Venmo vs WePay
Last updated: October 09, 2014
Venmo is a service of PayPal that allows to make and share payments. Venmo uses bank-grade security systems and data encryption to protect you and prevent against any unauthorized transactions or access to your personal or financial information. Sending money on Venmo is completely free as long as you use a bank account, supported debit card, or Venmo balance to fund your payments.
WePay is an online payment service provider in the United States. WePay's payment API focuses exclusively on platform businesses such as crowdfunding sites, marketplaces and small business software. Powered by JP Morgan Chase
Venmo vs WePay in our news:
2014 - WePay launches payment processing API to compete with Stripe
WePay the service providing payment processing marketplaces, crowdfunding platforms and other sites that enable online transactions between third-party buyers and sellers — is taking on another payments juggernaut, Stripe, with the launch of a new product. WePay Clear is a white-label, API-based service that works similar to Stripe that also offers a no-fraud guarantee. WePay Clear works both on desktop web and mobile apps and is already live in the U.S. with launch partner for WePay Clear is Freshbooks. WePay Clear is charged at a flat rate that mirrors Stripe’s — 2.9% + $0.30 per transaction, although the company will modify those rates on a case-by-case basis depending on the partner.