venmo fee calculator

Venmo Fee Calculator

Net Payment: 0.00
Total Venmo Fee: 0.00

Instructions for Using the Venmo Fee Calculator:

  1. Enter Transaction Amount: Type the amount in the “Transaction Amount $” field.
  2. Select Transaction Type: Choose the transaction type from the dropdown menu.
  3. View Calculations: Check the “Net Payment” and “Total Venmo Fee” fields for updated results.
  4. Reset: Click “Reset Calculator” to clear fields and start over.

The calculator updates in real time as you make changes.

About Venmo Fees

Sending Money:
  • Sending money to people using your credit card: 3.00%
  • Sending money using Visa+ to other eligible digital wallets: 1.75% (min. $0.25, max $25)
Adding Money:
  • Adding money using the cash a check feature (payroll and government checks): 1.00% (minimum $5 fee)
  • Adding money using the cash a check feature (other checks): 5.00% (minimum $5 fee)
  • Receiving payments for goods and services (effective July 1, 2024): 2.99%
  • Receiving payments for goods and services (until June 30, 2024): 1.9% + $0.10
  • Receiving payments in your charity profile: 1.9% + $0.10
  • Receiving payments in your business profile: 1.9% + $0.10 or 2.29% + $0.09 (Tap to Pay)
  • Receiving business profile promotional payments: 2.9% + applicable fees
  • Adding cash at stores: $3.74
Transferring Money:
  • Instant Transfer: 1.75% (minimum $0.25 fee, maximum $25 fee)
Cryptocurrency Transactions:
  • Purchase or sale amount $1.00 – $4.99: $0.49
  • Purchase or sale amount $5.00 – $24.99: $0.99
  • Purchase or sale amount $25.00 – $74.99: $1.99
  • Purchase or sale amount $75.00 – $200.00: $2.49
  • Purchase or sale amount $200.01 – $1000.00: 1.80%
  • Purchase or sale amount >$1000: 1.50%
  • Transferring cryptocurrency to an address outside Venmo or PayPal: Varies (cryptocurrency network fee)
Using the Venmo Mastercard®:
  • ATM withdrawal (out-of-network): $2.50
  • Over-the-counter cash withdrawal: $3.00
Venmo Visa® Credit Card:
  • Cash Advances: $10.00 or 5% of the amount (whichever is greater)
  • Late Payment Fee: Up to $41.00
  • Returned Payment Fee: Up to $41.00
  • Paper Statement Fee: $1.99 per month
These fees ensure transparency and help users understand the costs associated with various transactions on Venmo.

Other Venmo Transactions with Zero Fees

Venmo offers several transactions that incur no fees, making it a convenient and cost-effective platform for users. Setting up and holding an account is completely free, as are online purchases and sending money to people using your Venmo balance, debit card, or linked bank account. You can also transfer money from your bank to your Venmo account without any charge. Receiving personal payments from other Venmo users, receiving refunds from merchants, and direct deposits are all fee-free. Additionally, there are no fees for standard electronic withdrawals, balance inquiries at ATMs, and using the Venmo Mastercard® for in-network ATM withdrawals. These zero-fee transactions enhance Venmo’s appeal, offering users a broad range of free services. For more detailed information, please visit Venmo’s official website.