Venmo fee calculator
Paying friends on Venmo is free, but getting paid for goods and services is not: a personal account pays 2.99% when the sender marks the payment as goods and services, a business profile pays 1.9% + $0.10, and moving money to your bank instantly costs 1.75% more.
Source: Venmo fees · verified
You receive
$97.01
From a $100.00 payment, Venmo keeps $2.99 and you get $97.01.
- What the buyer pays you
- $100.00
- Goods and services (personal) (2.99%)
- − $2.99
- Total fees
- $2.99
Venmo fees, explained
What Venmo takes, line by line
All Venmo fees
| What you do | Fee |
|---|---|
| Send to friends from balance, bank or debit card | Free |
| Send using a credit card | 3% |
| Receive goods and services payment, personal account | 2.99% |
| Receive payment to a business profile | 1.9% + $0.10 |
| Business profile, Tap to Pay | 2.29% + $0.09 |
| Standard transfer to bank (1–3 business days) | Free |
| Instant Transfer to bank or debit card | 1.75% (min $0.25, max $25) |
| Send to a non-US PayPal account | 5% (min $0.99, max $4.99) |
Venmo fees by amount
| Payment | Goods & services (2.99%) | Business (1.9% + $0.10) | Instant Transfer (1.75%) |
|---|---|---|---|
| $10.00 | $0.30 | $0.29 | $0.25 |
| $25.00 | $0.75 | $0.58 | $0.44 |
| $50.00 | $1.49 | $1.05 | $0.88 |
| $100.00 | $2.99 | $2.00 | $1.75 |
| $250.00 | $7.48 | $4.85 | $4.38 |
| $500.00 | $14.95 | $9.60 | $8.75 |
| $1,000.00 | $29.90 | $19.10 | $17.50 |
For a side business, the business profile is cheaper than taking goods and services payments on a personal account, and it gives buyers Purchase Protection either way. For clients paying from outside the US, Venmo doesn’t work at all; see PayPal fees and Wise fees.
Venmo fees: questions
Does Venmo charge a fee for goods and services?
Yes. A personal account pays 2.99% on payments the sender marks as goods and services; a business profile pays 1.9% + $0.10.
How much is the Venmo instant transfer fee?
1.75% of the amount, with a minimum of $0.25 and a maximum of $25. The standard transfer, which takes 1–3 business days, is free.
Is Venmo free for sending money?
Yes, from your Venmo balance, bank account or debit card. Paying with a credit card costs 3%.
How much does Venmo charge on $100?
$2.99 for goods and services on a personal account, $2.00 on a business profile, plus $1.70 if you cash out instantly.
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