Venmo Fee Calculator Calculate the cost of using Venmo services using our free Venmo Fee Calculator
Payable Fee
Amount Left

Venmo Fee Calculator

This Venmo fee calculator is a valuable tool that helps you figure out the fees you may incur when using Venmo services. You can use this tool before doing any significant transaction to get an idea of the exact fee or amount that Venmo will charge.

Before using this tool, there are two crucial things to understand:

  • Payable Fee - It shows the amount that you have to pay as a Venmo Fee for your transaction.
  • Amount Left - It shows the overall amount you will have after paying the fees for your transaction.

What is Venmo?

Venmo is a popular mobile payment app in the United States that allows users to send and receive money from friends and family. It is commonly used for splitting bills, making payments, and sharing expenses. Venmo is owned by PayPal and provides a social element to payments by allowing users to add comments and emojis to their transactions.

Venmo has gained popularity for its user-friendly interface and ease of splitting costs, such as restaurant bills, rent, or group purchases.

How to Calculate Venmo Fees

This tool is very simple to use. Follow these steps to calculate Venmo Fee -

Step 1: Enter the amount you wish to transact
Step 2: Select the transaction type from the available options

No further steps required |^^| The calculator will instantly calculate and display the applicable Venmo fee, as well as the final amount after the deduction of the fee.

Venmo Fee Structure

Venmo charges fees for certain types of transactions, including transactions for goods and services, sending money using a credit card, and merchant/business transactions. The table below provides a detailed breakdown of these fees, helping you understand what you might be charged for various types of transactions on Venmo.

Account Opening and Holding

Transaction Type Fee
Account Setup FREE
Monthly Fee FREE

Spending or Sending Money

Transaction Type Fee
Online Purchases FREE
Sending Money using Credit Card 3.00%
Sending Money using Other Methods FREE

Adding Money

Transaction Type Fee
Adding Money using cash a check feature (faster check deposits, payroll and government checks) 1.00% (minimum $5 fee)
Adding money using cash a check feature (faster check deposits, all other accepted check types) 5.00% (minimum $5 fee)
Receive payments in your business profile, in your charity profile, or in your personal Venmo account that are identified by the sender as for goods and services 1.9% + $0.10 or 2.29% + $0.09 (whichever is higher)

Money Transfer

Transaction Type Fee
Electronic Withdrawal (Standard ) FREE
Electronic Withdrawal (Instant Transfer) 1.75% (minimum $0.25 fee, maximum $25 fee)

Buying or Selling Cryptocurrencies

Purchase or Sale Amount Fee
$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%

Transferring Cryptocurrencies

Transaction Type Fee
Receiving a Cryptocurrency Transfer FREE
Transferring Cryptocurrency to Another Venmo or PayPal account FREE
Transferring cryptocurrency to an address outside of Venmo or PayPal Amount varies

Using Venmo Mastercard

Transaction Type Fee
Venmo Debit Card acquisition FREE
ATM withdrawal in the MoneyPass network FREE
ATM withdrawal in non-MoneyPass ATM $2.50
ATM balance inquiry FREE
Over-the-counter cash withdrawal $3.00
Automatic reloads using your bank account FREE
Venmo Debit Card replacement FREE

Venmo Visa® & Venmo Visa® Signature Credit Card

Transaction Type Fee
Annual Fee None
Foreign Transaction None
Cash Advances Either $10.00 or 5% (whichever is greater)
Late Payment Up to $41.00
Returned Payment Up to $29.00

6 Reasons To Use This Tool

  1. Clean UI
  2. Fast & Secure
  3. Works Offline
  4. No Limitations
  5. No Annoying Ads
  6. Device & User-Friendly
Important FAQ's
How much is Venmo Instant Transfer Fee?
The Venmo instant transfer fee is 1.75% with a minimum of $0.25 and a maximum of $25 per transfer.
Why is Venmo charging me a fee to receive money?
Venmo charges a fee to receive money when it involves a business transaction or if you choose an instant transfer to your bank account. Personal transfers between friends or family are typically fee-free.
Why was I charged a seller transaction fee on Venmo?
You were charged a seller transaction fee on Venmo because it's a standard fee applied when you receive payments for business transactions or for selling goods or services through the platform. The standard fee is 1.9% + $0.10 per payment, but for contactless payments or Tap to Pay on iPhone/Android, it's 2.29% + $0.10.
How much is the Venmo goods and services fee?
The Venmo goods and services fee is 1.9% of the transaction amount, along with a fixed fee of $0.10 per transaction.
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