Venmo is an online peer-to-peer mobile payment service headquartered in New York City, NY that enables users to make instant, secure payments through a person-to-person mobile app or website. To make a payment from your Venmo account to someone else’s, you need to know how your Venmo fee works and what the various models are.
Our Venmo Fee Calculator is always updated to the latest Venmo information and fee models for Instant Transfer, Sending/Receiving Money, Adding Money to Wallet or Buying and Selling Cryptocurrency.
Venmo Fee Calculator
You can use the Venmo Fee Calculator below to calculate Venmo fees for various transaction types based on the amount.
Fee Amount $
Final Amount $
To validate the Venmo fee applicable, scroll below where we have mentioned the Venmo fees for various transaction types which has been taken from the Venmo official website.
How To Use Venmo Fee Calculator
Step 1: Enter the amount that you want to transact with.
Step 2: Select the Transaction type from the drop down options on the form.
Step 3: The Venmo Fee Calculator will automatically calculate and display the Venmo Fee applicable and the final amount after fee deduction.
Applications of Venmo Fee Calculator
Venmo Fee Calculator can be used for various purposes and to calculate the Venmo Fees for various users in the following manner:
Venmo Transfer Fee Calculator or Venmo Instant Transfer Fee Calculator
Venmo Fee Calculator can be used as a Venmo Transfer Fee Calculator by selecting the “Send money to people” or “Transfer from bank account” option in the drop down that says “Select Transfer Type”.
Venmo Seller Fee Calculator
Venmo Fee Calculator can be used as a Venmo Seller Fee Calculator by selecting the “Receive money” option in the drop down that says “Select Transfer Type”.
Venmo Fee Structure
Venmo is a peer-to-peer payments app that allows users to transfer money from one account to another without the need to open a bank account. For various transactions, Venmo charges a fee and you can use the Venmo Fee Calculator above to calculate the Venmo fee applicable on various amounts and transaction types.
Venmo Fee for Opening or Holding an Account
Account Setup and Monthly Fee – $0.00
Venmo Fee for Spending or Sending Money
| Online purchases | $0.00 | No fee for online purchases. |
| Sending money to people (using your credit card) | 3% | There’s a fee for sending money to people using your credit card. |
| Sending money to people (using your balance/debit card/bank) | $0.00 | No fee to send money to people using your Venmo balance, debit card, or bank account. |
Venmo Fee for Adding Money to Your Account
| Transfer from bank account | $0.00 | No fee when you link your bank and use it to add money to your Venmo account. |
| Receive money in your personal Venmo account from Venmo users | $0.00 | No fee for you when Venmo users send you payments with Venmo. |
| Receive merchant refund | $0.00 | No fee for you when a merchant sends you a refund. |
| Receive money using Direct Deposit | $0.00 | No fee for when money is added using Direct Deposit. |
| Adding money using cash a check feature (faster check deposits, payroll and government checks) | 1.00% (minimum $5 fee) | There’s a 1.00% fee (with a minimum fee of $5.00) when you choose to deposit payroll or government checks (with pre-printed signature) in minutes using the Venmo app. No fee if your check can’t be added. |
| Adding money using cash a check feature (faster check deposits, all other accepted check types) | 5.00% (minimum $5 fee) | There’s a 5.00% fee (with a minimum fee of $5.00) when you choose to deposit non-payroll and non-government checks (with pre-printed signature) in minutes using the Venmo app. No fee if your check can’t be added. |
| Receive payments in your business profile, in your charity profile, or that are identified as for goods and services | 1.9% + $0.10 | There’s a seller transaction fee or a charity transaction fee when you receive a payment sent to your business profile, your charity profile, or that is identified by the sender as for goods and services. |
Venmo Fee for Transferring Money from Your Account
| Electronic withdrawal (standard) | $0.00 | No fee to transfer money from your Venmo account to your bank account with the standard option. The money is typically available in 1-3 business days. |
| Electronic withdrawal (Instant Transfer) | 1.75% (minimum $0.25 fee, maximum $25 fee) | There’s a fee to transfer money from your Venmo account to your eligible linked debit card or bank account with the Instant Transfer option. The money is typically available in minutes. |
Venmo Fee for Buying or Selling Crypto
| Cryptocurrency purchase or sale amount | There’s a fee for buying or selling cryptocurrencies. Fee will vary based on purchase or sale amount. | |
| $1.00 – $4.99 | $0.49 | |
| $5.00 – $24.99 | $0.99 | |
| $25.00 – $74.99 | $1.99 | |
| $75.00 – $200.00 | $2.49 | |
| $200.01 – $1000.00 | 1.80% | |
| >$1000 | 1.50% |
All the information above is sourced from the official Venmo website, you can click here to visit the official Venmo fee page.
Also read: Venmo Pros and Cons – Must Read Before Signing Up
Frequently Asked Questions – FAQs About Venmo Fees
How do I calculate Venmo fees?
You can use the Venmo Fee Calculator above and enter the transaction amount and transaction type to calculate the Venmo fees. Alternatively, you can view below the Venmo fee calculator, the table of Venmo fees that applies to various transaction types. The same information is also available on the official Venmo website.
How much does Venmo charge to send $100?
If you are sending $100 using your credit card, Venmo will charge a 3% transaction fee which is $3. However, if you are using your Venmo balance, debit card or bank to transfer $100, there are no charges for the transfer. You can use the Venmo fee calculator above to try different amounts and transaction types and easily calculate the Venmo fees for each transaction.
How much does Venmo charge for transfer?
For transferring money from your Venmo account to your bank account, Venmo fees is 1.75% (minimum $0.25 fee, maximum $25 fee) for Instant transfer and no fees for Standard transfer that takes 1-3 days.
Why is there a 3% fee on Venmo?
Venmo charges a 3% fee on sending money to people using your credit card. This essentially is a pass through fee which the credit card company charges Venmo for facilitating the transaction. You can avoid this by sending money using a debit card or your Venmo balance.
Which is better PayPal or Venmo?
Since Venmo is limited to only US transactions, so for global payment requirements PayPal is a better fit. You can read about Venmo vs. Other Payment Apps here.
How do I avoid Venmo fees?
You can simply save the Venmo fees by NOT using a credit card. There are more tips to avoid Venmo fees here.
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