Payments
Venmo Fee Calculator
Work out Venmo's fee on instant transfers, purchases and business payments, and what you actually keep.
Cashing out your Venmo balance in minutes. Standard bank transfers are free but take 1–3 business days.
Rates checked November 2026. Edit them if your app shows a different fee.
You receive
$98.25
- Payment
- $100.00
- Fee
- $1.75
- You keep
- $98.25
- Effective rate
- 1.75%
Fee table
| Transaction | Fee | On $100 | On $1,000 |
|---|---|---|---|
| Instant transfer | 1.75%, min $0.25, max $25.00 | $1.75 | $17.50 |
| Goods & services (personal) | 2.99% | $2.99 | $29.90 |
| Business profile | 1.9% + $0.10 | $2.00 | $19.10 |
| Business — Tap to Pay | 2.29% + $0.09 | $2.38 | $22.99 |
| Send with credit card | 3% | $3.00 | $30.00 |
On cashing out $1,000: an instant transfer costs $17.50; waiting for a standard transfer costs nothing. See how this stacks up in the payment app fee comparison, or try the Cash App fee calculator.
Questions
How much is the Venmo instant transfer fee?
1.75% of the amount, with a $0.25 minimum and a $25 maximum. Moving $500 costs $8.75. Once you transfer about $1,429 or more you pay the $25 cap.
Does Venmo charge to receive money?
Not for personal payments. If the sender marks the payment as goods and services, you pay 2.99%. A business profile pays 1.9% + $0.10 per payment.
Should I use a business profile or goods and services?
If you sell regularly, a business profile is cheaper per payment (1.9% + $0.10 versus 2.99%) on anything above about $9.
Who pays the credit card fee?
The sender. Venmo adds 3% when a credit card funds a personal payment, except payments to business profiles.
Sources
Fees change. The fee shown in your app at checkout is the one that applies.