US fees checked Oct 11, 2026
Venmo Fee Calculator
Most Venmo payments are free. The fees kick in when you take business payments, get paid for goods and services, or want your money instantly. This calculator uses Venmo's 2026 US rates for each case, with a reverse mode that tells you what to charge to receive an exact amount.
Venmo charges no fee for most personal payments in 2026. Business-profile payments cost 1.9% + $0.10, personal goods-and-services payments cost 2.99%, and instant transfers to your bank cost 1.75% (minimum $0.25, maximum $25). Standard bank transfers of 1 to 3 business days are free. This calculator covers all of them.
How Venmo fees work in 2026
Sending and receiving money between friends on Venmo is free when the payment is funded by a Venmo balance, bank account, or debit card, and receiving personal payments costs nothing. Venmo makes its money on three things: commerce, credit, and speed. If you take payments through a business profile, Venmo takes 1.9% + $0.10 from each payment. If someone pays you on a personal account and marks it as goods and services, the fee is 2.99% and it lands on you as the receiver. Funding a payment with a credit card costs the sender 3%.
Speed is the other fee. Moving money to your bank with a standard transfer (1 to 3 business days) is free. An instant transfer, which usually lands within 30 minutes, costs 1.75% of the amount, with a $0.25 minimum and a $25 maximum per transfer.
The formulas
- Business or goods-and-services fee = amount × rate + fixed fee (if any).
- Instant transfer fee = amount × 1.75%, clamped between $0.25 and $25.
- What to charge to receive a target = (target + fixed fee) ÷ (1 − rate). For an instant transfer, the inverse of the capped fee is handled automatically by the calculator.
Worked examples
A customer pays your business profile $100. The fee is $100 × 1.9% + $0.10 = $2.00, so you receive $98.00.
You cash out $1,000 instantly. The fee is $17.50, so your bank receives $982.50. The same cash-out with a standard transfer arrives in 1 to 3 business days with no fee.
On a $2,000 instant transfer, 1.75% would be $35, but the fee is capped at $25, an effective rate of just 1.25%. Above $1,429, the cap keeps working in your favor.
To receive exactly $100 through a business profile, charge ($100 + $0.10) ÷ (1 − 0.019) = $102.04.
Ways to pay less
Cash out with standard transfers and the fee is zero, so only use instant transfer when you genuinely need the money now. If you sell occasionally, a business profile at 1.9% + $0.10 is cheaper than taking goods-and-services payments on a personal account at 2.99%. And never fund a payment with a credit card unless you need to: at 3%, plus any cash-advance fee your card issuer may add, it is the most expensive way to move money on Venmo.
Related tools
Venmo is owned by PayPal, and their fee structures rhyme: compare with our PayPal fee calculator. If you also take money through Cash App, its business fee is 2.75% and its instant-deposit fee varies per transaction. For card payments at any scale, run the numbers side by side with our payment processor comparison.
Limitations
Rates are Venmo's published US fees and can change; Venmo raised or restructured fees before, so check your own account if a number looks different. Venmo accounts are US-only, and sending to a non-US PayPal account costs 5%. Tax reporting rules for payment apps have changed repeatedly; check current IRS guidance for the 1099-K threshold that applies to you. This tool covers US accounts only.
Sources
Venmo fee schedule, checked October 11, 2026.
Planning estimate only. Results use the list prices shown and may differ from your actual bill. Terms
Frequently asked questions
Is Venmo free?
For personal use, mostly yes. Sending and receiving money funded by a Venmo balance, bank account, or debit card is free, and standard bank transfers (1-3 days) are free. Fees apply to business payments, goods-and-services payments, credit-card funding, and instant transfers.
What is Venmo's instant transfer fee?
1.75% of the transfer amount, with a minimum fee of $0.25 and a maximum of $25 per transfer. A $100 instant transfer costs $1.75; a $2,000 one is capped at $25.
How much does Venmo charge businesses?
Business profiles pay 1.9% + $0.10 on every payment of $1.00 or more that they receive. On a $100 payment that is $2.00.
What is the Venmo goods and services fee?
2.99% on personal-account payments marked as a purchase, charged to the receiver. Unlike personal payments, goods-and-services payments come with Venmo purchase protection.
Why did Venmo charge me 3%?
Because the payment was funded with a credit card. Venmo charges the sender 3% on credit-card-funded payments, and your card issuer may add its own cash-advance fee on top.
How do I cash out of Venmo for free?
Use a standard bank transfer instead of an instant transfer. Standard transfers are free and usually arrive in 1 to 3 business days; instant transfers cost 1.75%.
Is there a maximum instant transfer on Venmo?
Yes, $5,000 per instant transfer. Because the fee is capped at $25, transfers above about $1,429 pay an effective rate below 1.75%: on the full $5,000 the fee is only $25, or 0.5%.
Can I send money internationally with Venmo?
Venmo accounts are US-only. You can send to an eligible PayPal account outside the US for 5% (minimum $0.99, maximum $4.99), but for real international transfers a specialist service is cheaper.
Is a Venmo business profile worth it compared to personal goods and services?
For most sellers, yes. Business profiles charge 1.9% + $0.10 while personal goods-and-services payments cost 2.99%. On a $100 sale the business profile saves you about $0.99.
Does Venmo report my payments to the IRS?
Venmo issues Form 1099-K for goods-and-services payments once they exceed the reporting threshold, which Congress and the IRS have changed several times. Check current IRS guidance for the threshold that applies to the current tax year.