Azibo, the better Venmo alternative

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

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.

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

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.

Renters receive automatic reminders to pay rent.

You’ll have to manually remind your renters to pay rent.

Late fees will automatically be added to late rent invoices and not optional for renters to pay.

Even if late, tenants paying with Venmo can simply send you the rent amount due, leaving you chasing them for late fees.

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.

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.

Unlimited

$5,000 per transfer and $19,999 per week.

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 reporting for rent

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.

In the news

What our customers are saying about Azibo

“Does exactly what I wanted and more! It's getting even better seeing how much they are growing since the beginning. Adding more useful features that I will planned to use one day soon. Very good platform for landlords.”

Christopher

March 2024

“I love the ease of use, the fact that it's constantly improving, and the straight forward approach to rental property management.”

Yevgeniy Rozinskiy

March 2024

“Azibo has given us a really great way to not only streamline rent collection but at glance be able to tell where our vacancies are and create a way for us to collect rent that’s safe and secure and keeps everything organized.”

Julia Moluf

Best Buddies Living

March 2024

“The platform has matured nicely overtime.It offers a great service to landlords from rent collection to billing for ancillary items as they crop up. Tenants love the easy access and phone notification for payments. I highly recommend Azibo!!!”

Conor

February 2024

“We really like the feature where the renter can pay by credit card. We are in the business of helping people and some people don’t have the greatest credit and being able to offer them the opportunity to use their rent as a credit builder is one of the features we really like.”

Camilia Winter

February 2024

“I am using Azibo for several years as I find them to be the most flexible, the most adopting, and with the best carrying customer support. The company is constantly growing and adding new features. Receiving rent is fast and free, setting up leases is easy.”

Zhenya

December 2023

“Automated rent collection- provides reminders to tenants …and free. What’s not to like?”

November 2023

“Azibo saves me 5-9 hours per month. When I have tenants paying on different days it makes it way more difficult to track. But now I just log into Azibo a few times per month, make sure my transactions are all set correctly, then I’m done. It really saves me a lot of time.”

Steven Toth

May 2023

"Before Azibo, I was taking payments on Cash App, Venmo, PayPal, and checks. Now Azibo is the one source of truth for all payments, which makes things easier."

Andrew Winter

May 2023

“I love the fact that it’s automated and you can pretty much set it and forget it until it’s time to renew the lease.”

Jua Mcmillan

May 2023

“I am relatively new to real estate investing. Currently holding two rental properties. Having Azibo is a real asset. Everything is organized and easy to access. My tenants also like the ease of paying their rent online. Thank you for everything Azibo team.”

Nick A

November 2023