How much does Venmo charge per transaction?

Venmo fees vary by transaction type. P2P transfers from bank/debit/balance are free. Credit card P2P: 3% (sender pays). Goods & Services: 2.99% (deducted). Business Profile: 1.9% + $0.10 (for payments $1.00+). Tap to Pay: 2.29% + $0.09. Instant transfers: 1.75% deducted from amount (min $0.25, max $25).

What is the Venmo Goods and Services fee?

The Venmo Goods & Services fee is 2.99% of the transaction amount with no fixed fee. For example, if someone pays you $100, Venmo deducts $2.99 and you receive $97.01. This fee provides Venmo Purchase Protection for eligible transactions.

How much is the Venmo instant transfer fee?

Venmo's instant transfer fee is 1.75% of the transfer amount, deducted from the amount you receive, with a minimum of $0.25 and a maximum of $25.00. For example, a $500 instant transfer delivers $491.25 to your bank. Standard bank transfers (1-3 business days) are free.

How much does Venmo charge for instant transfer of $500?

For a $500 instant transfer, Venmo charges $8.75 (1.75% × $500 = $8.75). You would receive $491.25 in your bank account within minutes. The maximum instant transfer fee is $25, so transfers over $1,428.57 are capped at $25.

Does Venmo charge a fee for sending money?

Sending money on Venmo is free when using your bank account, debit card, or Venmo balance. The only exception is sending via credit card, which costs 3%. The receiver never pays a fee on standard P2P transfers.

What is the Venmo business profile fee?

Venmo Business Profile transactions are charged at 1.9% + $0.10 per payment received. Tap to Pay (contactless) transactions cost 2.29% + $0.09. Business profiles are cheaper than Goods & Services (2.99%) for most transaction amounts.

How do I avoid Venmo fees?

To avoid fees: (1) Send P2P from bank/debit/balance instead of credit card. (2) Use standard transfer instead of instant transfer. (3) For business, compare Business Profile (1.9% + $0.10) vs Goods & Services (2.99%) — the crossover is around $9.17. (4) If you're the buyer, fund payments from your bank or debit card.

Is Venmo Goods and Services cheaper than PayPal?

Venmo Goods & Services charges 2.99% with no fixed fee, while PayPal Goods & Services charges 2.99% + $0.49. This makes Venmo slightly cheaper — for a $100 transaction, Venmo charges $2.99 vs PayPal's $3.48. However, Venmo Business Profile (1.9% + $0.10) is even cheaper for most amounts.

What is the Venmo credit card fee?

When sending money to friends using a linked credit card, Venmo charges the sender a 3% fee. The receiver gets the full amount. Note: when paying a business profile with a credit card, the standard 3% credit card fee is waived — only the business transaction fee applies.

How much does Venmo charge for cryptocurrency?

Venmo uses percentage-based crypto fees: 2.20% for amounts up to $74.99, 2.00% for $75-$200, 1.80% for $200.01-$1,000, and 1.50% for over $1,000. PYUSD (PayPal's stablecoin) transactions are fee-free. Larger purchases get better rates.

Venmo Fee Calculator

I Want To Know

Transaction Amount

Transaction Type

Personal account receiving payment for goods or services. Includes Purchase Protection.

You Receive

$97.01

2.99% effective

$2.99 fee

Goods & Services2.99%

Fee paid byDeducted from payment

Percentage portion$2.99

To net exactly $97.01, charge $100.00

Fee Breakdown

Visual split of your transaction

You Receive

$97.01

Venmo Fee

$2.99

Fee Comparison by Transaction Type

All fees for a $100.00 transaction

Type	Fee	You Receive	Eff. Rate
P2P (Bank/Debit/Balance)	Free	$100.00	0%
P2P (Credit Card)	$3.00	$100.00	3.00%
Goods & Servicesselected	$2.99	$97.01	2.99%
Business Profile	$2.00	$98.00	2.00%
Business Tap to Pay	$2.38	$97.62	2.38%
Instant Transfer	$1.75	$98.25	1.75%
Cryptocurrency	$2.00	$98.00	2.00%

How Venmo Fees Work

The formula behind every Venmo transaction

Venmo charges fees depending on how you send money and whether it's a personal or business transaction. Person-to-person payments funded by bank, debit card, or Venmo balance are free. Fees apply when using credit cards, receiving business payments, or making instant transfers.

Fee Formula

Venmo Fee = (Amount × Rate%) + Fixed Fee

$100 via Goods & Services

Fee (2.99%)$2.99

You receive$97.01

$500 Instant Transfer

Fee (1.75%)$8.75

Min / Max$0.25 / $25.00

You receive$491.25

2026 Venmo Fee Schedule

Complete fee rates for every transaction type

Transaction Type	Fee	Who Pays	$100 Example
P2P (Bank/Debit/Balance)	Free	N/A	$0.00
P2P (Credit Card)	3.00%	Sender	$3.00
Goods & Services	2.99%	Seller	$2.99
Business Profile	1.9% + $0.10	Seller	$2.00
Business Tap to Pay	2.29% + $0.09	Seller	$2.38
Instant Transfer	1.75%	Deducted	$1.75
Cryptocurrency	1.50–2.20%	Buyer	$2.20

Instant transfer: min $0.25, max $25, deducted from transfer. Crypto: 2.20% up to $74.99, 2.00% for $75–$200, 1.80% for $200–$1K, 1.50% over $1K. PYUSD is fee-free. Standard bank transfers are free (1–3 business days). Business fees apply to payments of $1.00 or more.

Fee Types at a Glance

Quick reference for each payment method

P2P (Free)

Send to friends from bank, debit, or balance. No fees for sender or receiver.

Credit Card

Sender pays 3% fee. Receiver gets full amount. Use debit or bank to avoid.

Goods & Services

2.99%

Personal account sales. Fee deducted from payment. Includes Purchase Protection.

Business Profile

1.9% + $0.10

Cheapest for regular sellers. Lower rate than G&S for transactions over ~$9.

Instant Transfer

1.75%

Funds in minutes vs 1-3 days. Fee deducted from transfer. Min $0.25, max $25.

Cryptocurrency

1.50–2.20%

Percentage-based tiers: 2.20% under $75, scaling down to 1.50% over $1K. PYUSD is free.

How to Use This Calculator

4 simple steps

Choose direction

"What I Receive" shows fees on incoming payments. "What to Charge" finds the exact amount to request.

Enter amount

In receiving mode, enter the amount being sent. In charging mode, enter what you want to end up with.

Select type

Pick the transaction type to apply the correct fee rate. Use G&S for personal sales, Business for regular sellers.

Compare & decide

Check the comparison table to see fees across all types. Business Profile is cheapest for most commercial amounts.

Common Mistakes to Avoid

Save money and stay protected

Use "What to Charge" mode

Adding 2.99% to your price doesn't cover the fee — the percentage applies to the higher total. Use reverse calculation.

Business Profile saves money

Business Profile (1.9% + $0.10) beats G&S (2.99%) for transactions over ~$9.17. Switch for regular sales.

Don't send via credit card

Credit card P2P costs 3%. Use bank or debit instead — completely free. No purchase protection on P2P either way.

Always use G&S for purchases

Paying via P2P to dodge fees removes Purchase Protection. Venmo may also freeze accounts misusing P2P for business.

Frequently Asked Questions

Common questions about Venmo fees

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Last updated Apr 8, 2026