Payment processors

Venmo Fee Calculator (2026)

Venmo takes 1.9% + 10¢ on payments to a business profile (2.29% + 9¢ with Tap to Pay) and 2.99% on personal-profile payments marked as goods and services. Instant transfers to your bank cost 1.75% (25¢ minimum, $25 maximum); standard transfers are free.

Fees verified Sep 29, 2026 United States · USD Sources

Enter your numbers above; results update as you type. Sales tax collected from the buyer is not included unless the platform charges a fee on it and the calculator has a tax field.

Venmo fees at a glance

Fee	Rate	Applies to
Venmo seller transaction fee	1.9%–2.99% by How you get paid + $0.09–$0.10 by How you get paid	payment amount. Deducted automatically from each payment of $1.00 or more.
Instant transfer fee	1.75%, min $0.25, max $25.00	payment amount; only when “Instant transfer to bank or debit card” is on. 1.75% of the amount transferred, minimum 25¢, maximum $25. Estimated on the payment amount.

Worked example

Sale

$100.00

Fees

$2.00

You keep

$98.00

A customer sends $100 to your Venmo business profile. Venmo deducts 1.9% ($1.90) plus 10¢, a total of $2.00, so $98.00 lands in your balance. After the $40 the item cost you, profit is $58.00.

How Venmo fees work

Venmo started as a way to split dinner, and for a lot of freelancers, market vendors and side hustlers it is still the easiest way to get paid. Venmo is owned by PayPal, and once money changes hands for a product or service, a seller fee applies.

If you set up a business profile, every payment of $1.00 or more that lands on it costs 1.9% + 10¢, deducted automatically before the money reaches your balance. Take a contactless payment in person with Tap to Pay on iPhone or Android and the rate is 2.29% + 9¢. If you keep using a personal profile and the customer marks the payment as being for goods and services, Venmo charges you 2.99% with no fixed fee.

Moving money to your bank is free with a standard transfer, which typically completes within one business day and can take up to three. An instant transfer to an eligible bank account or debit card costs 1.75% of the amount, with a 25¢ minimum and a $25 cap. There are no monthly fees for a business profile, and customers who pay a business profile with a credit card are exempt from Venmo's usual 3% credit-card fee.

Business profile payments: 1.9% + 10¢ on every payment of $1.00 or more sent to your business profile through the app or your QR code. On $100 that is $2.00.
Tap to Pay: 2.29% + 9¢ when you accept a contactless card or phone in person through Tap to Pay on iPhone or Android on a business profile.
Goods and services on a personal profile: 2.99% (no fixed fee) when the sender identifies the payment as being for goods and services.
Standard bank transfer: free. Funds typically arrive within one business day and can take up to three business days.
Instant transfer: 1.75% of the amount, minimum 25¢, maximum $25. The cap means any transfer of about $1,429 or more costs a flat $25.
Customers paying a business profile with a credit card do not pay Venmo's usual 3% credit-card sending fee; your seller fee is the only charge on the payment.

Ways to keep more of each Venmo sale

Switch to a business profile if you sell regularly: 1.9% + 10¢ beats the 2.99% personal goods-and-services rate on anything over about $9.
Use standard transfers. On a $500 payout, instant costs $8.75; waiting a business day costs nothing.
Put a QR code at the register. A QR or username payment to your business profile (1.9% + 10¢) is cheaper than Tap to Pay (2.29% + 9¢) on anything over about $3.
Let customers tag payments as goods and services. The tag is what triggers the fee, but it is also what gives them purchase protection and keeps your account in good standing.
Batch your transfers. If you must use instant transfer, one $1,000 transfer costs $17.50; the $25 cap only helps above about $1,429.

Venmo fee FAQ

How much does Venmo take from $100 on a business profile?

$2.00 (1.9% + 10¢), so you receive $98.00. If you then instant-transfer the $98 to your bank, another $1.72 (1.75%) comes off.

Does Venmo charge a fee for goods and services?

Yes. On a personal profile the seller pays 2.99% when the sender marks the payment as goods and services. On a business profile the fee is 1.9% + 10¢.

Is there a monthly fee for a Venmo business profile?

No. You pay per transaction only.

How much is the Venmo instant transfer fee?

1.75% of the transfer, with a 25¢ minimum and a $25 maximum. Standard transfers are free and typically arrive within one business day, up to three.

What is the Venmo Tap to Pay fee?

2.29% + 9¢ per payment on a business profile, slightly more than the 1.9% + 10¢ for app or QR code payments.

Does the customer pay a fee to pay my business on Venmo?

No. Venmo's 3% credit-card sending fee is waived for payments to business profiles, and bank or balance payments are free to send. The seller fee comes out of your side.

Good to know

Venmo's official fees page lists Tap to Pay at 2.29% + $0.09; a Venmo help-center article on business profile fees says 2.29% + $0.10. This calculator uses the fees page figure; the difference is one cent. The instant transfer fee is charged on the amount you transfer, which is usually your net balance after the seller fee, so the calculator's estimate (based on the payment amount) can run a cent or two high. Charity profiles pay 1.9% + 10¢. Venmo is US-only, so there is no international or currency surcharge.

Sources

Venmo Fees (official fees page) (accessed Sep 29, 2026)
Venmo Help: Business Profile Transaction Fees (accessed Sep 29, 2026)
Venmo Help: Instant Bank Transfer FAQ (accessed Sep 29, 2026)
Venmo Help: Bank Transfer Timeline (accessed Sep 29, 2026)

Rates are read from the pages above and re-checked on a schedule. If you find a rate that has changed, tell us and we'll fix it.