Venmo fee calculator

See Venmo's fee on business and goods-and-services payments, and what to charge to receive an exact amount.

Venmo fee

$2.00

1.9% + $0.10 · Business profile payment (1.9% + $0.10)

You receive

$98.00

Effective rate

2.00%

Charge to receive $100.00

$102.04

Quick reference
Amount	Fee	You receive	Charge to receive this
$10.00	$0.29	$9.71	$10.30
$50.00	$1.05	$48.95	$51.07
$100.00	$2.00	$98.00	$102.04
$500.00	$9.60	$490.40	$509.79
$1,000.00	$19.10	$980.90	$1,019.47

Current Venmo fees

Business profile payments	1.9% + $0.10
Goods & services to a personal profile	2.99% (paid by the seller)
Business Tap to Pay	2.29% + $0.09
Instant transfer to bank	1.75% (min $0.25, max $25)
Standard transfer to bank	Free (1–3 business days)

Standard US rates, last checked October 4, 2026. Sources: Venmo fees.

Venmo fees for sellers

Personal payments between friends are free. If you sell things, Venmo charges you when the buyer marks a payment as goods and services: 1.9% + $0.10 on a business profile, or 2.99% on a personal profile. Moving money to your bank is free with a standard transfer, or 1.75% for instant.

Frequently asked questions

How much does Venmo charge for business payments?

1.9% + $0.10 per payment received on a business profile. On $100 that's $2.00.

Who pays the Venmo goods and services fee?

The seller. It's deducted from the payment you receive.

Is Venmo instant transfer free?

No: it costs 1.75% (minimum $0.25, maximum $25). Standard transfers are free but take 1–3 business days.

Estimates only, based on standard published US fees for typical transactions. Category exceptions, promotions, currency conversion, chargebacks and taxes can change what you actually pay. Not financial or tax advice.

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