Which is that payments platform that is used widely by both individuals and business firms? It is Venmo. Users can send and receive money, purchase products, link their debit and credit cards, and also buy cryptocurrency with ease. Are you that entrepreneur looking to launch a social payments platform? Developing a Venmo cloneis the right choice for you.
The pivotal features of a Venmo like payments platform are
Split bill option - People who shop together, stay in rented premises, and go for a trip together can use the split payment option. Thus, they can proportionally divide their grocery, house rent, and travel bills.
QR code scanning mechanism - It is quite an easy process to pay a person on a Venmo-like app. Users can scan the QR code for transferring funds in a flash. They will be redirected to the profile page of the specific person. Later, they can add the payee as a friend, enter an amount, and initiate the payment.
Business Profile creation - Corporate enterprises can manage their day-to-day operations effortlessly. They can set up a business profile and directly deal with customers. Organizations can add profile images, get a unique QR code, receive tips from customers, and track all their payments effortlessly.
Crypto buy and sell options - Unquestionably, digital currencies are providing more returns for investors. Likewise, a payments app like Venmo allows investors to purchase and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Moreover, users will get comprehensive updates about changes in prices. This enables them to manage their portfolios efficiently.
Help Desk - You can satisfy users and retain them by hiring a team to offer 24x7 technical assistance. Customers can resolve issues concerning account management, bank transfer glitches, linking of credit and debit cards, email verification etc. They receive instant support via email, live chat, and phone.
Looking to build a state-of-the-art online payments platform? Contact an app development company now for developing a Venmo clone soon.