The short answer: a payment marked goods and services costs the seller 2.99% on a personal account. A business profile pays 1.9% + $0.10 per payment. On a $100 sale you receive $97.01 or $98.00. Personal payments between friends are free, and so is the standard transfer to your bank.
Venmo fee calculator
Lands in your Venmo balance
$98.00
Fees $2.00, which is 2.0% of the $100.00 sale ($2.00 ÷ $100.00)
Venmo charges this on payments of $1 or more.
- Standard transfer to your bank$0.00
- Lands in your bank$98.00
Fees verified Oct 22, 2026 from Venmo's own fee pages. Each line links to its source.
Every Venmo fee a seller can pay
| Fee | Amount | When it applies |
|---|---|---|
| Monthly fee | Free | |
| Business profile monthly fee | Free | |
| Account setup | Free | |
| Business profile payment | 1.9% + $0.10 | every payment of $1.00 or more (direct and QR code payments) |
| Goods and services payment to a personal account | 2.99% | when the sender marks the payment as for goods and services |
| Personal payment from friends or family | Free | |
| Business profile, Tap to Pay | 2.29% + $0.09 | Venmo's own pages list different rates for this; check in the app before relying on it. |
| Standard transfer to your bank | Free | typically 1-3 business days to a bank, about 48 hours to a debit card |
| Instant Transfer to your bank or debit card | 1.75%, min $0.25, max $25.00 | amount transferred |
| Send money from balance, debit card or bank | Free | |
| Send money with a credit card | 3% | amount sent, paid by the sender |
| Send money to a PayPal account outside the US | 5%, min $0.99, max $4.99 | amount sent, paid by the sender |
Venmo charges no monthly fee and nothing to open an account. Its debit card, credit card and crypto fees don’t touch your sales, so they are left out.
Business profile or goods and services?
Both are for selling. The difference is the fee shape. Goods and services is a flat 2.99% with no fixed fee. A business profile is a lower 1.9% plus $0.10 per payment, charged on payments of $1 or more.
The business profile costs less on any payment above $9.17. Below that, the fixed $0.10 makes goods and services cheaper. Most sales are bigger than that, so a business profile usually wins, and it keeps business money apart from personal payments.
| To receive | Business profile | Goods and services |
|---|---|---|
| $20 | $20.49 | $20.62 |
| $100 | $102.04 | $103.09 |
| $500 | $509.79 | $515.42 |
Venmo says it can’t refund business profile fees once charged.
Instant Transfer fee
Moving your balance to your bank is free on the standard option. Instant Transfer costs 1.75%, at least $0.25 and at most $25:
| Transfer | Instant fee | Lands in your bank |
|---|---|---|
| $10 | $0.25 | $9.75 |
| $100 | $1.75 | $98.25 |
| $500 | $8.75 | $491.25 |
| $1,000 | $17.50 | $982.50 |
| $3,000 | $25.00 | $2,975.00 |
The fee stops growing at $25, which you reach on transfers of $1,428.57 and up.
Sending money with Venmo
Sending from your Venmo balance, debit card or bank is free. A credit card adds 3%, paid by you: $103.00 to send $100. Venmo’s help center says paying a business profile with a credit card is exempt from that 3%, so your customers don’t pay extra to pay you.
Sending to a PayPal account outside the US costs 5% (minimum $0.99, maximum $4.99), plus the 3% if a credit card pays for it.
Venmo at your website checkout
If customers pay with Venmo on your website, the fee is PayPal’s, not Venmo’s: 3.49% + $0.49 per payment, set on PayPal’s fee schedule. That costs more than a business profile, so in-app payments are the cheaper way to take Venmo.
Venmo, Cash App or PayPal for getting paid
On the same $100 payment for goods or services, here is what lands in your balance:
- 1.Venmo business profile$98.00
- 2.Cash App Business account$97.25
- 3.Venmo goods and services (personal)$97.01
- 4.PayPal goods and services (personal)$97.01
- 5.PayPal Checkout (business)$96.02
None of these brings you buyers. To weigh a payment app against a marketplace, compare the same sale everywhere.
Honest Fees is independent and not affiliated with Venmo or PayPal. Go to the official site.
Common questions
Does Venmo charge fees?
Not for paying friends from your balance, debit card or bank, and not for the standard transfer to your bank. Venmo charges sellers 2.99% on goods and services payments, 1.9% + $0.10 on business profile payments, 3% to send with a credit card, and 1.75% for Instant Transfer.
What are Venmo business profile fees?
1.9% + $0.10 on each payment of $1 or more, taken before the money reaches your balance. On a $100 payment you receive $98.00. There is no monthly fee, and Venmo does not refund the fee.
How much does Venmo charge for goods and services?
2.99% of the payment, paid by the seller, with no fixed fee. On a $100 payment that is $2.99. Paying friends and family is free.
Does Venmo charge a monthly fee?
No. Venmo lists no monthly fee and no fee to open an account, and its business profile page promises no monthly costs. You pay only per payment, per credit card send or per Instant Transfer.
How much is the Venmo Instant Transfer fee?
1.75% of the amount, minimum $0.25, maximum $25. Moving $500 instantly costs $8.75. The standard transfer is free and takes 1 to 3 business days to a bank.
Get told when these prices change
Providers change fees with little notice. Alerts start soon, and we'll send nothing else.