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:
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.
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 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.
|Sending Money using Credit Card||3.00%|
|Sending Money using Other Methods||FREE|
|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)|
|Electronic Withdrawal (Standard )||FREE|
|Electronic Withdrawal (Instant Transfer)||1.75% (minimum $0.25 fee, maximum $25 fee)|
|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%|
|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|
|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|
|Cash Advances||Either $10.00 or 5% (whichever is greater)|
|Late Payment||Up to $41.00|
|Returned Payment||Up to $29.00|