Azibo, the better Venmo alternative

Here’s a quick comparison between Azibo and Venmo, and how we stack up against them.

How does Azibo stack up against Venmo?

Accepting rent through Venmo can seem like an easy solution, and one often requested by renters.  However, what might seem like a simple solution can open you up to issues with rent collection & cause additional work down the road.

See below how Azibo can help  streamline rent collection, simplify your accounting & offer your renters key benefits. With Azibo you gain all these benefits plus the ability to screen tenants, generate leases, and manage your bookkeeping all in one place.

Azibo logo
Venmo logo
Free ACH  payments
ACH payments on Azibo are free for property owners and tenants
Venmo’s Terms of Service require you collect rent and security deposit payments via a business account, which costs you 1.9% + $0.10 per transaction
Scheduled payments
Auto-pay allows your renters to “set it & forget it” leading to on-time payments and no-effort rent collection
Venmo relies on renters sending a new transaction every month, leading to late payments and extra work to remind them.
Automatic reminders
Renters not on auto-pay? No worries, they will get reminders when it’s time to pay.
Be prepared to send texts, e-mails, and phone calls when it’s time to collect rent.
Automatic late fees
If a tenant is late on the rent, agreed upon late fees will automatically be added to their next payment.
Even if late, tenants paying with Venmo can simply send you the rent amount due, leaving you chasing them for late fees.
Blocking partial payments
Partial payments make it hard to evict tenants, and tenants know this. Azibo allows you to choose to accept or block partial payments.
Tenants will often Venmo part of the rent to avoid eviction - and there is nothing you can do to block it.
Itemized payouts
Each rent payment gets paid out individually with the tenants name in the description - allowing easy reconciliation.
With all rent payments going into one account, you are forced to initiate multiple payouts or manually reconcile on the back end.
Payout limits
Unlimited
$5,000 per transfer and $19,999 per week.
Credit boost
Tenants can choose to report rent payments to credit bureaus to increase their credit score by simply paying on time.
Venmo does not offer credit boost
Renters insurance
Renters can purchase renters insurance directly through Azibo, helping you add an additional layer of protection to your business.
You may require it, but tenants can lie or cancel policies without you knowing.

Landlords love Azibo

Trusted by companies around the world
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Five yellow stars

“Absolute essential for real estate investors/ pros in 2023!”

What impressed me the most is Azibo's absolute respect for precious time. the fact gathering phase and quote phase was the best I've seen in decades. i got an insurance product that i needed even thought i couldn't really articulate.

John Carter - Softech X Webflow Template
Bradford Johnson
Trustpilot

“Azibo has made rent collection far easier than we imagined”

Easy rent collection (finally). People make rent payments more timely now and we don't have to chase delinquencies. Cameron & Kim in customer service have been exceptionally helpful. Wish we would have met Azibo a long time ago.

Andy Smith - Softech X Webflow Template
Andy Smith
Marketer at Google

“Azibo is a very user-friendly application to use.”

When I was setting up accounts, properties, and tenants and I had questions, customer service team was very prompt on their answers either on phone or email. They are very knowledgeable in the application and business and friendly. That is a 5-star service.

Andy Smith - Softech X Webflow Template
Five yellow stars
Hyne Rental
Trustpilot
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