TrustRadius: an HG Insights company

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Chime

    Score1.8 out of 10
    N/AChime is an online banking solution from the company of the same name in San Francisco, allowing users to track account balances, daily transactions, and savings from anywhere with the Chime mobile app, and get daily balance notifications and instant transaction alerts any time for use of the included Chime Visa Debit Card.N/A

    Venmo for Business

    Score9.6 out of 10
    N/AVenmo 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
    ChimeVenmo for Business
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    ChimeVenmo 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
    Features
    ChimeVenmo for Business
    Payment Gateways
    Comparison of Payment Gateways features of Chime Online Banking and Venmo for Business
    Feature
    Chime Online Banking
    -
    Ratings
    Venmo for Business
    10.0
    1 Ratings
    32% above category average
    Fraud Detection00 Ratings10.01 Ratings
    API or SDK00 Ratings10.01 Ratings
    Recurring Payment Support00 Ratings10.01 Ratings
    Billing and Invoicing Support00 Ratings10.01 Ratings
    Global Support00 Ratings10.01 Ratings
    Payment Form Acceptance00 Ratings10.01 Ratings
    Best Alternatives
    ChimeVenmo for Business
    Small Businesses
    No answers on this topic
    Apple Pay
    Score9.3 out of 10
    Medium-sized Companies
    No answers on this topic
    Payoneer
    Score8 out of 10
    Enterprises
    No answers on this topic
    Checkout.com
    Score8.5 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    ChimeVenmo for Business
    Likelihood to Recommend
    1.7
    (4 ratings)
    10.0
    (2 ratings)
    Usability
    -
    (0 ratings)
    10.0
    (1 ratings)
    Support Rating
    1.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    ChimeVenmo for Business
    Likelihood to Recommend
    Chime
    It is very helpful for me. It is reliable and simple to use. The Sign-up process of Chime Online Banking was simple and I was able to easily set up a direct deposit and link my bank account. It keeps me updated on every purchase I do from my account. The best thing is that it's free and has no hidden charges or paycheck fees. It has a special feature called SpotMe where they will cover your overdraft in a very neat way.
    Incentivized
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    PayPal
    I had a customer who wanted me to do his wife's birthday party. I sent him the estimate and he gave me a deposit from his Venmo account. When the party was done, he forgot to pay for a week. I reminded him with an invoice and he sent a deposit. It wasn't immediately deposited, but it [arrived the next day].
    Read full review
    Pros
    Chime
    • Ease of use
    • Simple interface within the application.
    • Helpful support, when needed.
    Incentivized
    Read full review
    PayPal
    • Timely payout
    • Ease of use
    • Visibility at all times
    Incentivized
    Read full review
    Cons
    Chime
    • Their CC is hard to figure out.
    • Website could be streamlined.
    Incentivized
    Read full review
    PayPal
    • Take out transaction fee. They are not PayPal
    • More understanding with bitcoin
    • Invoicing would be a good feature
    Read full review
    Usability
    Chime
    No answers on this topic
    PayPal
    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.
    Incentivized
    Read full review
    Support Rating
    Chime
    When my money was stolen from my account I was told there would be an investigation between 15-45 days. They didn't investigate at all. The next day I was denied my claim after being robbed for $850.
    Read full review
    PayPal
    No answers on this topic
    Alternatives Considered
    Chime
    First of all, Chime Online Banking is really the best option for new users. The User Interface and User Experience of the Chime app are really great. There are comparatively faster money transactions with Chime Online Banking and it has no fees at all. It is more reliable. It also allows you to lock your card if it is stolen or lost which is a great feature. At last, it is more rewarding than other online banking services with a great team of customer grievances.
    Incentivized
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    PayPal
    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].
    Read full review
    Return on Investment
    Chime
    • Positive ROI by way of quick and easy transactions.
    Incentivized
    Read full review
    PayPal
    • Positive impact only as it’s enhanced our effectiveness.
    • No negative impact.
    • Simple, easy to use and well worth the $ investment.
    Incentivized
    Read full review
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