Venmo Fee Calculator
Calculate Venmo payment and transfer fees including credit card, instant transfer, and business transaction fees.
How to Use the Venmo Fee Calculator
Calculate Venmo fees by selecting your payment method and entering the amount. Venmo offers free personal payments from bank accounts or debit cards, but charges fees for credit cards, instant transfers, and business transactions. This calculator shows the exact cost before you send money.
- Select your payment method (bank, credit card, instant transfer, or business)
- Enter the payment amount in dollars
- Results update instantly showing fees and total cost
- Compare methods to find the most cost-effective option
Venmo Fee Structure
Bank Account/Debit Card:
Fee = $0 (Free)
Processing Time = Instant for payments
Credit Card Payment:
Fee = Amount × 3%
Processing Time = Instant
Instant Transfer to Bank:
Fee = Amount × 1.75% (minimum $0.25, maximum $25)
Processing Time = 30 minutes
Business Payment (Goods & Services):
Fee = (Amount × 1.9%) + $0.10
Seller Protection Included
For example, sending $100 via credit card costs $3.00, while instant transfer to your bank costs $1.75. Standard bank transfers are free but take 1-3 business days.
Common Venmo Fee Examples
- $25 Bank Payment: $0 fee (free), instant to recipient
- $100 Credit Card: $3.00 fee, total cost $103.00
- $200 Instant Transfer: $3.50 fee, receive $196.50 in 30 minutes
- $50 Business Payment: $1.05 fee ($0.95 + $0.10), seller gets $48.95
- $500 Credit Card: $15.00 fee, total cost $515.00
Understanding Venmo Fees
Venmo is free for personal payments when funded by a bank account, debit card, or your Venmo balance. These transfers are instant to the recipient and completely fee-free, making Venmo popular for splitting bills, paying friends, and casual transactions between individuals.
Using a credit card to fund payments incurs a 3% fee because credit card companies charge Venmo interchange fees. This fee is passed directly to the sender. For example, sending $100 via credit card costs $103 total. The recipient still receives the full $100.
Instant transfers allow you to cash out your Venmo balance to your bank account within 30 minutes, but charge 1.75% with a minimum fee of $0.25 and maximum of $25. Standard bank transfers are free but take 1-3 business days. The instant transfer fee is capped, so transferring $2,000 or more costs a maximum of $25.
Business payments (for goods and services) charge sellers 1.9% + $0.10 per transaction. This fee includes seller protection and is competitive with PayPal and other payment processors. Buyers don't pay fees on business transactions; the seller pays the fee from the received amount.