Venmo Fee Calculator
Personal financeFreeNo sign-up
Paying friends from your Venmo balance, bank or debit card is free. Sellers pay 2.99% on goods and services payments, so $100 leaves $97.01. Instant transfers to your bank cost 1.75% (minimum $0.25, maximum $25), and paying with a credit card adds 3%.
| Payment | $100.00 |
| Fee (2.99%) | $2.99 |
| You receive | $97.01 |
Show steps
- Fee = $100.00 x 2.99% = $2.99.
How to use the Venmo fee calculator
- Choose the transaction type.
- For seller payments, choose whether you want the fee on a payment or the price to ask for so you keep a set amount.
- Enter the amount and press Calculate.
Venmo fees
| Transaction | Fee |
|---|---|
| Sending from your Venmo balance, bank or debit card | Free |
| Sending with a credit card | 3% |
| Receiving a goods and services payment (seller) | 2.99% |
| Business profile payment received | 1.9% + $0.10 |
| Business Tap to Pay | 2.29% + $0.09 |
| Standard transfer to bank | Free |
| Instant transfer to bank or debit card | 1.75%, minimum $0.25, maximum $25 |
Venmo fee formulas
- Seller fee = payment × 2.99% for goods and services
- Instant transfer fee = amount × 1.75%, at least $0.25 and at most $25
- Amount to ask for = (amount you want + fixed fee) ÷ (1 − rate)
The instant fee reaches its $25 maximum at $1,428.57, because 1,428.57 × 0.0175 ≈ $25. Above that, the fee stays at $25.
Worked examples
| Transaction | Work | Fee | Result |
|---|---|---|---|
| $100 goods and services payment | 100 × 2.99% | $2.99 | $97.01 received |
| $100 business profile payment | 100 × 1.9% + 0.10 | $2.00 | $98.00 received |
| $300 instant transfer | 300 × 1.75% | $5.25 | $294.75 arrives |
| $2,000 instant transfer | 2,000 × 1.75% = 35, capped | $25.00 | $1,975.00 arrives |
| $50 sent with a credit card | 50 × 3% | $1.50 | $51.50 charged |
Asking to keep $100 from a goods and services payment: 100 ÷ 0.9701 = 103.08…, so ask for $103.09.
Friends and family or goods and services?
Payments between friends are free but have no purchase protection. When you buy something, the seller should mark the payment as goods and services; the seller pays the 2.99% fee, and eligible purchases get Venmo’s purchase protection.
Venmo fee practice quiz: 10 questions
Test yourself with 10 multiple-choice questions. Choose an answer and press Submit to see if you are right and why. Your score appears at the end.
80 × 0.0175 = $1.40, which is between the $0.25 minimum and $25 maximum.
The person receiving a goods and services payment pays the seller transaction fee.
Quiz complete
Frequently asked questions
How much does Venmo charge for goods and services?
The seller pays 2.99% of each goods and services payment. On $100, Venmo keeps $2.99 and the seller receives $97.01.
What is the Venmo instant transfer fee?
1.75% of the transfer, with a minimum of $0.25 and a maximum of $25. Standard transfers are free.
Is it free to send money on Venmo?
Yes, from your Venmo balance, bank account or debit card. Sending with a credit card costs 3%.
How much does Venmo take from $1,000?
A goods and services payment of $1,000 costs the seller $29.90. An instant transfer of $1,000 costs $17.50.
What do Venmo business profiles pay?
Payments to a business profile cost the business 1.9% + $0.10 each, and Tap to Pay costs 2.29% + $0.09.
Sources
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