Venmo Fee Calculator
Fee:
$0.00
Receive:
$0.00
Are you curious about how much it costs to use Venmo for your transactions? With our Venmo Fee Calculator, you can quickly and accurately estimate the fees associated with your payments. Venmo offers various fee structures depending on the type of transaction you're making. Let's break down the fee structure to give you a clear understanding of how much you'll be charged for using Venmo.
Fee Structure:
Sending Money using Bank Account:
Fee: Free
When you send money using your linked bank account, Venmo doesn't charge any fees. This makes it a convenient and cost-effective option for transferring funds.
Receiving Money (Personal):
Fee: Free
Venmo doesn't charge any fees for receiving money from friends or family members. Enjoy hassle-free transactions without worrying about extra charges.
Receiving Money (Business):
Fee: $1.00 per payment
Description: Businesses receiving payments through Venmo are charged a flat fee of $1.00 per transaction. This fee helps cover processing costs for business-related transactions.
Sending Money using a Linked Credit Card:
Fee: 3% of the transaction amount
If you choose to fund your Venmo payments with a linked credit card, Venmo applies a fee of 3% of the total transaction amount. Keep this in mind when using a credit card for payments.
Business Profiles:
Fee: 1.9% + $0.10 per transaction
Businesses using Venmo's Business Profiles feature are subject to a fee of 1.9% of the transaction amount plus a fixed fee of $0.10 per transaction.
Instant Check Deposits:
Fee: 1% of the check amount (Minimum $5)
Venmo allows instant check deposits, but there's a fee associated with this service. You'll be charged 1% of the check amount or a minimum of $5, whichever is higher.
Conclusion:
Understanding the fee structure is essential for making informed decisions when using Venmo for your financial transactions. With our Venmo Fee Calculator, you can easily estimate the fees for various transaction types and plan your finances accordingly. Enjoy the convenience of Venmo while staying aware of the associated costs.