VenmoFee Calculator

As of November 2026, Venmo charges sellers a fee when a payment is for goods and services, and charges anyone who moves money out instantly:

• Goods and services payments to a personal account: 2.99%.
• Payments to a business profile: 1.9% + $0.10.
• Instant Transfer to your bank or card: 1.75%, at least $0.25 and at most $25.
• Standard transfers, which take one to three business days, are free.
• Payments between friends from a balance, bank or debit card are free.

Goods and services: fee = amount × 2.99%. On $100 you pay $2.99 and keep $97.01. Instant Transfer then takes 1.75% of what you move: $1.70 on $97.01, so you end up with $95.31.

To receive an exact amount: charge = amount you want ÷ (1 − 0.0299). To keep $100, charge $103.09, or $104.92 if you'll use Instant Transfer.

If you sell regularly, a business profile is cheaper per payment and keeps your sales apart from personal payments. Venmo's rules expect sales to go through goods and services or a business profile, not as a payment between friends, and goods and services payments come with purchase protection for the buyer.

Use free standard transfers when you can wait a day or two. If you need cash fast, move larger amounts less often, since the fee is a percentage with a $0.25 minimum. For bigger sales, a business profile's lower rate adds up.